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 −0.029%

Price spread now: SunX against Injective+0.160%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1211.205% of the position

Long on Injective Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.105%−$10 · spread now +0.160%, 7d avg −0.040%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.199% dearer against Injective than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of −0.040%): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 20 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	15m 15s	$128K	$45K	30x
Short	SunX GOOGL-USDT	357.69	0	get 0.0000% / 8h	15m 15s	$1K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$7
Price spread: +0.160% → −0.040%: $19.94
Slippage, 4 orders: −$112.53
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee SunX: 4 bp × 2 orders: −$8
Net: −$107.61
Costs to cover: 1.205%
Break-even: never at this rate

Slippage from Injective: live order book, 23 min ago; SunX: live order book, 3 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, 23 min ago	9.93 bp	9.9 bp −$10	9.9 bp −$99	57272.3 bp −$5.73M	326360.7 bp −$163.18M
Sell SunX live order book, 3 min ago	45.86 bp	50.3 bp −$50	doesn't fit	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	−0.0337%	1h	357.29	+0.048%	$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	−0.0009%	1h	357.52	+0.112%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.62	+0.140%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.52	+0.112%	$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	357.62	+0.140%	$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-USDTshort	0.0000%	8h	357.69	+0.160%	$1K	$4.0M	20x
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.188%	$115K	$209K	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	357.69	+0.160%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0005%	8h	357.81	+0.194%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.44	+0.088%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.59	+0.131%	$427K	$2.5M	20x	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	357.61	+0.137%	$1.4M	$1.9M	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	357.58	+0.129%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.35	+0.064%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.193%	—	$5K	25x	as long as short
KuCoin GOOGLUSDTM	+0.0049%	8h	357.16	+0.011%	$3.0M	$106K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	+0.106%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.41	+0.081%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.48	+0.101%	$134	$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	357.65	+0.148%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0083%	8h	357.67	+0.154%	$11.5M	$7.9M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.50	+0.106%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.45	+0.093%	$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	357.54	+0.118%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0112%	8h	357.62	+0.140%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.67	+0.154%	$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
edgeX GOOGLUSDC	+0.0377%	4h	357.55	+0.121%	$208K	$1.2M	10x	as long as short