Funding arb · Price arb / RWA

GOOGL

RWAAll GOOGL markets →

LONGKraken Futures▾Reya −0.0844%Injective −0.0220%Deribit −0.0034%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%AZverse +0.0008%Aftermath Perps +0.0021%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%BingX +0.0050%Backpack +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Paradex +0.0052%Phoenix +0.0057%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%Nado +0.0344%edgeX +0.0591%Kraken Futures +0.0713%

⇄⇅

SHORTtradeXYZ▾edgeX +0.0591%Nado +0.0344%BloFin +0.0120%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Phoenix +0.0057%Paradex +0.0052%Ondo Perps +0.0050%BingX +0.0050%Backpack +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Lighter +0.0032%Lighter RH +0.0032%Aftermath Perps +0.0021%AZverse +0.0008%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%tradeXYZ −0.0010%Deribit −0.0034%Injective −0.0220%Reya −0.0844%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_GOOGLXUSD	282.27	+0.0713	pay 0.0089% / 1h	32m 04s	$2.9M	$1.2M	20x	Long Kraken Futures
SHORT	tradeXYZxyz:GOOGL	281.49	−0.0010	pay 0.0001% / 1h	32m 04s	$281.9M	$65.1M	20x	Short tradeXYZ

Price gap−0.278%

Funding gap−0.0723% /8h

Both sides work against this direction now: funding costs $22 a day on $10k and the gap is 0.144% under its 7d average. Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.383% in total, about −0.0182%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.278%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Kraken FuturestradeXYZ

GOOGL on 43 exchanges

lowest funding first

Before you open

3 ok · 3 to watch

• ✓
  OK: Fits both order books9.5 / 2.9 bp

  Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
• i
  Note: Margin at max leverage$500 + $500

  Kraken Futures 20x, tradeXYZ 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Kraken Futures · 1h−$21.40

  Short tradeXYZ · 1h−$0.29

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$21.69Long Kraken Futures: 24 payments, −$21.40; short tradeXYZ: 24 payments, −$0.29.
• !
  Watch: Gap narrower than usual−0.278% vs −0.134%

  Less room for the price leg to pay you. If it goes back to average, the short loses.
• !
  Watch: Long leg is thinner$2.9M vs $281.9M OI

  Kraken Futures sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legtradeXYZ points

  Volume here counts toward the points program.
• !
  Watch: KYCKraken Futures Yes · tradeXYZ No

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0182%/8h × 21 periods−$38.27

Price spread−0.278% → −0.134% (7d avg)−$14.36

Slippage, 4 orderslive order books−$22.57

Fee Kraken Futures bp × 2 orders−$10.00

Fee tradeXYZ bp × 2 orders−$1.80

Net · 7 days · $10k−$87.00

Costs to cover0.344%Break-evennever at this rate

Slippage: Kraken Futures: live order book, 6 min ago; tradeXYZ: live order book, 7 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGKraken Futures2.309.5 bp−$991.1 bp−$911doesn’t fitdoesn’t fit

SELL · SHORTtradeXYZ0.892.9 bp−$36.6 bp−$6623.7 bp−$2,370125.6 bp−$62.8K

Closing costs about the same again.

Alert

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Tell me when it goes above%/8hNot more often than everymin

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GOOGL news

posts that mention GOOGL or Alphabet, from every exchangeSearch all news →

10-30 10:31	Markets by Kinetiq	Other	BREAKING: Big Tech stocks are getting crushed, with Wall Street bracing for a brutal Friday. $INTC: -25% $GOOGL: -10% $AMZN: -7% Nasdaq futures are plunging more than 2.5%. @Markets_xyz on X ↗
10-29 14:30	Kalshi	Other	JUST IN: Alphabet stock falls 13% and erases $500 billion in value after earnings miss @Kalshi on X ↗
10-29 13:32	Vest Markets	Other	Trade $GOOGL post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗
10-29 13:32	Vest Markets	Other	$GOOGL missed Q3 revenue and EPS estimates after yesterday's close, with free cash flow at -$9.07B. → Revenue: $127.6B vs. $127.91B expected, up 25% YoY → EPS: $2.12 vs. $3.01 expected, or $2.67 excluding a $0.55 equity securities loss → Google Cloud: $30.7B, up 103% YoY, beating estimates At the open, $GOOGL is down around 12%, with Search & other at $63.35B below the $64.9B expected, despite query growth at a five-year high. Quarterly capex more than doubled to $51.4B, with the 2026 plan held at $195B to $205B and 2027 spending guided significantly higher. @VestExchange on X ↗
10-29 10:10	Reya	Other	$GOOGL moved -10% overnight. With the US market closed, anyone with a view has no way to act on it until 9:30 ET. RWAs 24/7 on Reya. As the price moves, not when the exchange opens. @reya_xyz on X ↗
10-29 09:00	MEXC	Other	🤖 Same AI bet, opposite market reactions. 🟢 $MSFT: +4% | Cloud revenue +30% 🔴 $GOOGL: -8% | Free cash flow -$9.07B Tech companies spend big on AI, but investors reward returns. Who's winning the AI race? 👇 @MEXC on X ↗