Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.021%

Price spread now: Deribit against Paradex−0.073%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 Deribit

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 −$2 a day on $10k at the current rate, and Deribit is 0.073% 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	356.99	0.0051	pay 0.0051% / 8h	52m 18s	$293	$253	5x
Short	Deribit GOOGL_USDC-PERPETUAL	356.73	0	get 0.0000% / 1h	52m 18s	$24K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$10.8
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.12
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 51 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 Deribit live order book, 51 min ago	0.14 bp	3.6 bp −$4	4.7 bp −$47	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	356.60	−0.110%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0005%	1h	356.87	−0.035%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.02	+0.008%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.93	−0.017%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.14	+0.042%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	+0.011%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.04	+0.015%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.08	+0.025%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.73	−0.073%	$24K	$157K	10x
HTX GOOGL-USDT	0.0000%	8h	357.17	+0.050%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.14	+0.042%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	357.17	+0.051%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.09	+0.028%	$144K	$45K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.90	−0.026%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0030%	8h	357.07	+0.023%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	0.000%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.98	−0.004%	$425K	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.036%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.02	+0.008%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.85	−0.040%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.15	+0.044%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.86	−0.037%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.048%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.88	−0.031%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.68	−0.087%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0051%	8h	356.99	long leg	$293	$253	5x
KuCoin GOOGLUSDTM	+0.0070%	8h	356.78	−0.059%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.82	−0.048%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.92	−0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.95	−0.012%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.90	−0.025%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0111%	8h	357.07	+0.022%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.99	0.000%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.04	+0.014%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0121%	8h	357.10	+0.030%	$689K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0771%	4h	357.05	+0.016%	$208K	$1.2M	10x	as long as short