Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h +0.038%

Price spread now: Binance against Polymarket Perps+0.072%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Polymarket Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 7 days+0.028%+$3 · spread now +0.072%, 7d avg +0.097%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.025% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.072% now, against its 7-day average of +0.097%). If the spread goes back, that is −$3 on $10k: about 2.5 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.002% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	356.76	0.0050	pay 0.0006% / 1h	33m 00s	$684K	$431K	10x
Short	Binance GOOGLUSDT	357.02	0.0084	get 0.0084% / 8h	2h 33m	$72.1M	$143.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Polymarket Perps. 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 Polymarket PerpsbpFee BinancebpOrdersPrice spread, now +0.072%Rate

Funding earned: $7.1
Price spread: +0.072% → +0.097%: −$2.54
Slippage, 4 orders: −$5.51
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.96
Costs to cover: 0.235%
Break-even: 25.7 days

Slippage from Polymarket Perps: live order book, 15 min ago; Binance: 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 Polymarket Perps live order book, 15 min ago	2.10 bp	6.3 bp −$6	7.7 bp −$77	9.0 bp −$900	doesn't fit
Sell Binance live order book, 10 min ago	0.14 bp	5.5 bp −$6	6.8 bp −$68	19.7 bp −$1,966	doesn't fit

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	356.89	+0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.02	+0.073%	$17.3M	$9.9M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.00	+0.067%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.72	−0.011%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.11	+0.098%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.10	+0.095%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0002%	8h	357.10	+0.096%	$23K	$445K	10x	as long as short
Nado GOOGL-PERP	+0.0009%	1h	356.83	+0.021%	$557K	$86K	20x	as long as short
Variational Omni GOOGL	+0.0011%	8h	357.01	+0.070%	$4.7M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.053%	$519K	$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
Aftermath Perps GOOGLUSD	+0.0025%	1h	356.81	+0.014%	$144K	$47K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0025%	8h	356.94	+0.050%	$13.6M	$12.7M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.01	+0.070%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.101%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.75	−0.003%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.07	+0.087%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	356.94	+0.050%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.76	0.000%	$98.1M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.76	long leg	$684K	$431K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.73	−0.008%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.59	−0.048%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0063%	8h	357.11	+0.098%	$365K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.96	+0.055%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.92	+0.044%	$417K	$1.2M	20x	as long as short
Binance GOOGLUSDTshort	+0.0084%	8h	357.02	+0.072%	$72.1M	$143.6M	50x
Pacifica GOOGL	+0.0100%	1h	356.83	+0.020%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	+0.034%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.81	+0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.81	+0.014%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.84	+0.022%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.01	+0.070%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.91	+0.042%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.76	0.000%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0204%	8h	357.03	+0.076%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0218%	8h	357.08	+0.090%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0362%	4h	357.00	+0.066%	$208K	$1.2M	10x	as long as short