Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.004%

Price spread now: Deribit against KuCoin−0.017%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1231.227% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.113%+$11 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.017%, 7d avg +0.028%

Together, before fees+0.193%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.045% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.028%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.113%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.31	0.0100	pay 0.0100% / 8h	40m 45s	$3.0M	$66K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.25	0	get 0.0000% / 1h	40m 45s	$23K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$21
Price spread: −0.017% → +0.028%: −$4.51
Slippage, 4 orders: −$103.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$148.18
Costs to cover: 1.227%
Break-even: never at this rate

Slippage from KuCoin: live order book, 1 min ago; Deribit: live order book, 38 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 KuCoin live order book, 1 min ago	5.05 bp	46.2 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 38 min ago	0.14 bp	10.9 bp −$11	13.5 bp −$135	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	356.58	+0.076%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.64	+0.093%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.25	−0.017%	$23K	$151K	10x
HTX GOOGL-USDT	0.0000%	8h	356.74	+0.121%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.115%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	+0.025%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.43	+0.035%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.73	+0.118%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.60	+0.081%	—	$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	+0.0048%	8h	356.72	+0.114%	$23K	$474K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	+0.008%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.34	+0.008%	$191	$46K	10x	as long as short
Variational Omni GOOGL	+0.0050%	8h	356.70	+0.110%	$4.7M	$2.6M	—	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.36	+0.014%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.58	+0.076%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0071%	1h	356.47	+0.045%	$98.9M	$25.3M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.55	+0.066%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0095%	8h	356.66	+0.098%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.34	+0.008%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.31	long leg	$3.0M	$66K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.50	+0.053%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.44	+0.036%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	+0.055%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0104%	1h	356.32	+0.004%	$559K	$82K	20x	as long as short
Aster GOOGLUSDT	+0.0107%	8h	356.80	+0.139%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0114%	8h	356.74	+0.121%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0127%	8h	356.63	+0.090%	$73.0M	$142.8M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.57	+0.074%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0142%	8h	356.76	+0.126%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	+0.079%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0224%	1h	356.46	+0.042%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0248%	8h	356.59	+0.079%	$689K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.45	+0.039%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0296%	1h	356.75	+0.123%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0480%	4h	356.73	+0.118%	$208K	$1.2M	10x	as long as short