Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.015%

Price spread now: Injective against KuCoin+0.115%7-day average +0.131% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1581.582% of the position

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.115%, 7d avg +0.131%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.131%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.71	0.0100	pay 0.0100% / 8h	6h 18m	$3.0M	$65K	20x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	18m 33s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.115%Rate

Funding earned: −$14
Price spread: +0.115% → +0.131%: −$1.66
Slippage, 4 orders: −$146.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$173.88
Costs to cover: 1.582%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Injective: live order book, 50 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, 4 min ago	7.29 bp	58.3 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 50 min ago	9.12 bp	10.8 bp −$11	10.8 bp −$108	doesn't fit	doesn't fit

GOOGL on 35 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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.74	+0.008%	$526K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0020%	1h	357.08	+0.104%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.02	+0.087%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.89	+0.050%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.04	+0.093%	$993	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.86	+0.042%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.21	+0.140%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.06	+0.098%	$2.7M	$72K	10x	as long as short
Variational Omni GOOGL	+0.0002%	8h	356.95	+0.067%	$4.8M	$2.4M	—	as long as short
Bitget GOOGLUSDT	+0.0003%	8h	357.15	+0.123%	$17.0M	$9.3M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0007%	1h	356.74	+0.007%	$144K	$51K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.140%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	+0.115%	$128K	$45K	30x
QFEX GOOGL-USD	+0.0039%	1h	357.03	+0.090%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.80	+0.025%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.31	+0.168%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.00	+0.081%	$98.8M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.86	+0.042%	$684K	$434K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.93	+0.062%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	+0.006%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0057%	8h	357.11	+0.112%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.16	+0.125%	$293	$253	5x	as long as short
Lighter GOOGL	+0.0072%	1h	357.21	+0.140%	$2.1M	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0077%	8h	357.16	+0.125%	$72.8M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.06	+0.099%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.83	+0.034%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0096%	8h	357.21	+0.140%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	+0.069%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.71	long leg	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.89	+0.050%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.97	+0.073%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.94	+0.065%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.95	+0.067%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0171%	8h	357.17	+0.129%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0829%	4h	356.95	+0.066%	$208K	$1.2M	10x	as long as short