Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.171%

Price spread now: edgeX against Pacifica+0.040%52s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.040% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica GOOGL	356.98	0.0100	pay 0.0013% / 1h	2m 06s	$42K	$43K	10x
Short	edgeX GOOGLUSDC	357.13	0.0570	get 0.0285% / 4h	2h 02m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $98.68
Price spread: +0.040% → 0.000%: $3.96
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $85.64
Costs to cover: 0.170%
Break-even: 0.9 days

Slippage unknown: Pacifica: no order-book sample; edgeX: live order book, 2 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 edgeX live order book, 2 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	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 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	−0.0254%	1h	356.87	−0.032%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0029%	1h	357.06	+0.021%	$557K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.86	−0.035%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.12	+0.038%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.13	+0.042%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.19	+0.059%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	+0.047%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.34	+0.100%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.26	+0.077%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0008%	1h	357.07	+0.023%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0019%	8h	357.18	+0.055%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.23	+0.069%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.038%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.10	+0.033%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.95	−0.009%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.29	+0.086%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.13	+0.042%	$365K	$458K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.07	+0.024%	$98.9M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.87	−0.032%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.04	+0.016%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.83	−0.043%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.16	+0.051%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	357.24	+0.072%	$11.6M	$7.4M	100x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.12	+0.039%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.21	+0.063%	$72.8M	$141.3M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.25	+0.075%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.02	+0.010%	$137K	$36K	20x	as long as short
Pacifica GOOGLlong	+0.0100%	1h	356.98	long leg	$42K	$43K	10x
KuCoin GOOGLUSDTM	+0.0100%	8h	356.84	−0.040%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	+0.005%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.09	+0.030%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.05	+0.019%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	357.02	+0.010%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0151%	8h	357.18	+0.055%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDCshort	+0.0570%	4h	357.13	+0.040%	$208K	$1.2M	10x