Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h +0.037%

Price spread now: OKX against Injective+0.134%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.134%, 7d avg −0.036%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.171% dearer against Injective than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of −0.036%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	17m 00s	$128K	$45K	30x
Short	OKX GOOGL-USDT-SWAP	357.60	0	get 0.0000% / 8h	17m 00s	$13.6M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee InjectivebpFee OKXbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$7
Price spread: +0.134% → −0.036%: $17.08
Slippage, 4 orders: −$22.29
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.22
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Injective: live order book, 22 min ago; OKX: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 22 min ago	9.93 bp	9.9 bp −$10	9.9 bp −$99	57272.3 bp −$5.73M	326360.7 bp −$163.18M
Sell OKX live order book, 1 min ago	0.14 bp	5.8 bp −$6	14.8 bp −$148	doesn't fit	doesn't fit

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOOGL_USDC-PERPETUAL	−0.0114%	1h	357.31	+0.053%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.008%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0007%	1h	357.39	+0.075%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.60	+0.134%	$13.6M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	357.47	+0.098%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.67	+0.154%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.51	+0.110%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	+0.123%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.67	+0.154%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.188%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.60	+0.134%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.79	+0.187%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.38	+0.073%	$144K	$44K	10x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.68	+0.157%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.132%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.58	+0.128%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
QFEX GOOGL-USD	+0.0035%	1h	357.47	+0.098%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.30	+0.050%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.171%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	+0.098%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	+0.067%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.37	+0.070%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.020%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	+0.110%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0051%	8h	357.13	+0.003%	$3.0M	$106K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.32	+0.056%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	+0.0085%	8h	357.67	+0.154%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.32	+0.057%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	+0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	+0.104%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.47	+0.099%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.64	+0.146%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	+0.056%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0113%	8h	357.61	+0.137%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0159%	4h	357.53	+0.114%	$208K	$1.2M	10x	as long as short