Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h −0.020%

Price spread now: Variational Omni against Injective−0.117%7-day average −0.066% · you buy dearer than you sell

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

Long on Injective Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.035%+$4 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.117%, 7d avg −0.066%

Together, before fees+0.088%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.052% cheaper against Injective than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.066%). If the spread goes back, that is −$5 on $10k: about 10 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.035% in total) that is about 4.8 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	43m 10s	$128K	$45K	30x
Short	Variational Omni GOOGL	356.70	0.0050	get 0.0050% / 8h	43m 10s	$4.7M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.117%Rate

Funding earned: $3.54
Price spread: −0.117% → −0.066%: −$5.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.64
Costs to cover: 0.000%
Break-even: 10.2 days

Slippage unknown: Injective: live order book, 35 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 35 min ago	10.24 bp	10.2 bp −$10	10.2 bp −$102	57280.7 bp −$5.73M	326403.2 bp −$163.20M
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	6.1 bp −$61	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
Gate GOOGL_USDT	0.0000%	8h	356.63	−0.137%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.76	−0.101%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	−0.056%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	−0.101%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.235%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.39	−0.206%	$144K	$54K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0016%	1h	356.56	−0.157%	$33K	—	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.76	−0.101%	$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	356.65	−0.132%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0046%	8h	356.72	−0.112%	$23K	$474K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.50	−0.174%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.58	−0.151%	$190	$46K	10x	as long as short
Variational Omni GOOGLshort	+0.0050%	8h	356.70	−0.117%	$4.7M	$2.6M	—
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.227%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.65	−0.132%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0073%	1h	356.56	−0.157%	$98.2M	$24.7M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.65	−0.130%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0092%	8h	356.79	−0.092%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.37	−0.209%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.31	−0.227%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.50	−0.174%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.61	−0.143%	$10K	$10K	20x	as long as short
Nado GOOGL-PERP	+0.0101%	1h	356.42	−0.196%	$559K	$82K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.65	−0.132%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0105%	8h	356.83	−0.081%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0112%	8h	356.80	−0.090%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0126%	8h	356.77	−0.098%	$73.0M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.72	−0.112%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0140%	8h	356.82	−0.084%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	−0.148%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0247%	8h	356.78	−0.095%	$690K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.53	−0.165%	$202K	$271K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0283%	1h	356.60	−0.146%	$23K	$151K	10x	as long as short
Lighter GOOGL	+0.0304%	1h	356.78	−0.095%	$2.1M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0480%	4h	356.73	−0.109%	$208K	$1.2M	10x	as long as short