Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.002%

Price spread now: Bitget against Pacifica+0.053%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Bitget is 0.053% dearer against Pacifica than usual: you sell high and buy low (spread +0.053% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica GOOGL	356.28	0.0100	pay 0.0013% / 1h	12m 18s	$42K	$43K	10x
Short	Bitget GOOGLUSDT	356.47	0.0047	get 0.0047% / 8h	7h 12m	$16.9M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Pacifica. 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 PacificabpFee BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$11.13
Price spread: +0.053% → 0.000%: $5.3
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.83
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

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 Pacifica no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	0.70 bp	8.1 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit

Pacifica: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	356.40	+0.033%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	+0.047%	$23K	$454K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.43	+0.042%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.24	−0.012%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.56	+0.078%	$115K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.52	+0.067%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	356.18	−0.030%	$144K	$52K	10x	as long as short
Lighter GOOGL	+0.0032%	1h	356.40	+0.033%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.47	+0.053%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.121%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.235%	$128K	$45K	30x	as long as short
Variational Omni GOOGL	+0.0039%	8h	356.47	+0.053%	$4.8M	$2.3M	—	as long as short
Nado GOOGL-PERP	+0.0044%	1h	356.33	+0.015%	$556K	$81K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.52	+0.067%	—	$5K	25x	as long as short
Bitget GOOGLUSDTshort	+0.0047%	8h	356.47	+0.053%	$16.9M	$9.3M	100x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.29	+0.002%	$98.3M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.012%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.29	+0.002%	$168	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.13	−0.042%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.33	+0.014%	$1.3M	$4.7M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.31	+0.008%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0071%	8h	356.47	+0.052%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0086%	8h	356.66	+0.105%	$365K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0096%	8h	356.52	+0.067%	$11.5M	$7.5M	100x	as long as short
Pacifica GOOGLlong	+0.0100%	1h	356.28	long leg	$42K	$43K	10x
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.051%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.009%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.34	+0.017%	$10K	$10K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.36	+0.022%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.31	+0.007%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0107%	8h	356.44	+0.045%	$72.8M	$142.1M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.003%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0188%	8h	356.50	+0.061%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	356.47	+0.053%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.20	−0.023%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0575%	4h	356.41	+0.036%	$209K	$1.2M	10x	as long as short