Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: tradeXYZ against KuCoin+0.064%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1541.536% of the position

Long on KuCoin Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.064%, 7d avg −0.024%

Together, before fees+0.015%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.088% dearer against KuCoin than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.024%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.59	0.0100	pay 0.0100% / 8h	1h 23m	$3.0M	$101K	20x
Short	tradeXYZ xyz:GOOGL	356.82	0.0050	get 0.0006% / 1h	23m 07s	$98.0M	$21.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$10.5
Price spread: +0.064% → −0.024%: $8.81
Slippage, 4 orders: −$123.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$155.28
Costs to cover: 1.536%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; tradeXYZ: live order book, 7 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	11.36 bp	85.0 bp −$85	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.14 bp	9.1 bp −$9	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	+0.003%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.98	+0.109%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.88	+0.081%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.04	+0.126%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.93	+0.096%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.92	+0.093%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.01	+0.118%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.77	+0.050%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.08	+0.137%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.06	+0.132%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.70	+0.031%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0023%	8h	357.11	+0.146%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0026%	1h	356.83	+0.068%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.97	+0.107%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.149%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.96	+0.104%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.70	+0.031%	$207K	$278K	10x	as long as short
Binance GOOGLUSDT	+0.0044%	8h	357.02	+0.121%	$72.0M	$143.7M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	+0.143%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.92	+0.094%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.82	+0.064%	$98.0M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.74	+0.042%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.83	+0.067%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.60	+0.003%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.97	+0.107%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	356.80	+0.059%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.86	+0.076%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.79	+0.056%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.59	long leg	$3.0M	$101K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.82	+0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.82	+0.064%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.86	+0.074%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	356.99	+0.112%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0149%	8h	357.02	+0.121%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0164%	8h	356.99	+0.112%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0929%	4h	356.89	+0.083%	$208K	$1.2M	10x	as long as short