Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0052%/8h= +5.7% APRpaid last 24h −0.024%

Price spread now: Paradex against Injective−0.175%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.175% cheaper against Injective than usual: you would sell low and buy high (spread −0.175% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 11 days of funding at the current rate (+$2 a day).

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	18m 11s	$128K	$45K	30x
Short	Paradex GOOGL-USD-PERP	356.50	0.0086	get 0.0086% / 8h	18m 11s	$292	$253	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.175%Rate

Funding earned: $10.99
Price spread: −0.175% → 0.000%: −$17.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.51
Costs to cover: 0.040%
Break-even: 13.7 days

Slippage unknown: Injective: live order book, 60 min ago; Paradex: no order-book sample. Net counts fees only.

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, 60 min ago	10.24 bp	10.2 bp −$10	10.2 bp −$102	57280.7 bp −$5.73M	326403.2 bp −$163.20M
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate GOOGL_USDT	0.0000%	8h	356.48	−0.179%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.62	−0.140%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.69	−0.120%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.63	−0.137%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.202%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	−0.206%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.61	−0.143%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.51	−0.171%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.56	−0.157%	$23K	$473K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.31	−0.227%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.31	−0.227%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.32	−0.224%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.19	−0.260%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.49	−0.176%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0061%	8h	356.49	−0.177%	$4.7M	$2.6M	—	as long as short
Paradex GOOGL-USD-PERPshort	+0.0086%	8h	356.50	−0.175%	$292	$253	5x
Pacifica GOOGL	+0.0100%	1h	356.25	−0.245%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.224%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	−0.204%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	−0.185%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.47	−0.183%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0107%	8h	356.67	−0.125%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0108%	1h	356.29	−0.232%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0120%	8h	356.66	−0.129%	$11.5M	$7.8M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	356.31	−0.227%	$33K	—	20x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.54	−0.162%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0128%	8h	356.52	−0.168%	$16.8M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.62	−0.140%	$73.1M	$142.9M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0143%	1h	356.41	−0.199%	$23K	$152K	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.241%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0175%	8h	356.67	−0.126%	$13.9M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.54	−0.162%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.34	−0.218%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.58	−0.151%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0806%	4h	356.54	−0.161%	$210K	$1.2M	10x	as long as short