Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0035%/8h= −3.9% APRpaid last 24h −0.007%

Price spread now: Coinbase International against Paradex−0.072%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.072% cheaper against Paradex than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	356.48	0.0067	pay 0.0067% / 8h	7h 05m	$292	$253	5x
Short	Coinbase International GOOGL-PERP-INTX	356.22	0.0032	get 0.0004% / 1h	5m 24s	$528K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. 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 ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$7.45
Price spread: −0.072% → 0.000%: −$7.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$28.64
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 3 min ago	2.39 bp	7.9 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit

Paradex: 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
Deribit GOOGL_USDC-PERPETUAL	−0.0283%	1h	356.10	−0.106%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.42	−0.016%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.43	−0.012%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.48	+0.001%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.60	+0.035%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.021%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0011%	1h	356.17	−0.085%	$144K	$52K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.32	−0.044%	$33K	—	20x	as long as short
Variational Omni GOOGL	+0.0030%	8h	356.38	−0.027%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.46	−0.005%	$2.1M	$1.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.54	+0.018%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTXshort	+0.0032%	1h	356.22	−0.072%	$528K	$1.1M	10x
Bitget GOOGLUSDT	+0.0033%	8h	356.46	−0.005%	$16.9M	$9.3M	100x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.181%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.35	−0.036%	$556K	$81K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.015%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.32	−0.044%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.061%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.049%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.091%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.44	−0.010%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0067%	8h	356.48	long leg	$292	$253	5x
Aster GOOGLUSDT	+0.0080%	8h	356.59	+0.032%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0082%	8h	356.49	+0.004%	$11.5M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.050%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.08	−0.111%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.24	−0.066%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.34	−0.038%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0101%	8h	356.51	+0.009%	$72.7M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.42	−0.016%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.35	−0.036%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.061%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.49	+0.004%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0222%	8h	356.50	+0.007%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.066%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0679%	4h	356.43	−0.014%	$209K	$1.2M	10x	as long as short