Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0087%/8h= −9.6% APRpaid last 24h −0.049%

Price spread now: tradeXYZ against OKX−0.036%7-day average −0.093% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on OKX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.012%+$1 · spread now −0.036%, 7d avg −0.093%

Together, before fees+0.013%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.057% dearer against OKX than usual: you sell high and buy low (spread −0.036% now, against its 7-day average of −0.093%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	357.68	0.0137	pay 0.0137% / 8h	5h 50m	$13.8M	$12.4M	50x
Short	tradeXYZ xyz:GOOGL	357.55	0.0050	get 0.0006% / 1h	50m 05s	$99.0M	$22.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against OKX. 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 OKXbpFee tradeXYZbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$18.32
Price spread: −0.036% → −0.093%: $5.67
Slippage, 4 orders: −$5.59
Fee OKX: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$46.25
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; tradeXYZ: live order book, 10 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 OKX live order book, 3 min ago	0.14 bp	7.4 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.14 bp	9.7 bp −$10	12.6 bp −$126	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
Deribit GOOGL_USDC-PERPETUAL	−0.0170%	1h	357.39	−0.081%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0068%	1h	357.53	−0.041%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.109%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.47	−0.059%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.020%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.018%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.60	−0.022%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.020%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.053%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.028%	$2.7M	$75K	10x	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	+0.0005%	1h	357.39	−0.081%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	357.81	+0.036%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.60	−0.022%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.022%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.157%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0038%	8h	357.63	−0.014%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.081%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.036%	—	$5K	25x	as long as short
Bitget GOOGLUSDT	+0.0048%	8h	357.73	+0.014%	$17.0M	$9.3M	100x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	357.55	−0.036%	$99.0M	$22.5M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	−0.084%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.039%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.31	−0.103%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.65	−0.009%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.61	−0.021%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	357.70	+0.006%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.028%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.081%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.20	−0.134%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	−0.062%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	−0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.036%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	−0.059%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0137%	8h	357.68	long leg	$13.8M	$12.4M	50x
edgeX GOOGLUSDC	+0.0644%	4h	357.54	−0.039%	$209K	$1.2M	10x	as long as short