Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h +0.013%

Price spread now: Bitget against Polymarket Perps+0.084%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.286% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 7 days−0.115%−$11 · spread now +0.084%, 7d avg +0.095%

Together, before fees−0.131%−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.095%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	356.20	0.0050	pay 0.0006% / 1h	7m 51s	$683K	$441K	10x
Short	Bitget GOOGLUSDT	356.50	0.0039	get 0.0039% / 8h	7h 07m	$16.9M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$2.31
Price spread: +0.084% → +0.095%: −$1.12
Slippage, 4 orders: −$8.59
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.02
Costs to cover: 0.286%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 65 min ago; Bitget: live order book, 1 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, 65 min ago	1.82 bp	7.3 bp −$7	8.9 bp −$89	10.0 bp −$995	doesn't fit
Sell Bitget live order book, 1 min ago	0.42 bp	6.9 bp −$7	10.0 bp −$100	doesn't fit	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	356.41	+0.059%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	+0.070%	$23K	$454K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.46	+0.073%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.16	−0.011%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.63	+0.121%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.47	+0.076%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0012%	1h	356.19	−0.003%	$144K	$52K	10x	as long as short
Lighter GOOGL	+0.0032%	1h	356.46	+0.073%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.48	+0.079%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.098%	$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	+0.258%	$128K	$45K	30x	as long as short
Variational Omni GOOGL	+0.0035%	8h	356.34	+0.038%	$4.8M	$2.3M	—	as long as short
Nado GOOGL-PERP	+0.0038%	1h	356.27	+0.020%	$556K	$81K	20x	as long as short
Bitget GOOGLUSDTshort	+0.0039%	8h	356.50	+0.084%	$16.9M	$9.3M	100x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.081%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.30	+0.028%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.20	long leg	$683K	$441K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.27	+0.020%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.014%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.33	+0.036%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0069%	8h	356.41	+0.058%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0082%	8h	356.55	+0.098%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0083%	8h	356.54	+0.095%	$11.5M	$7.5M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	356.27	+0.020%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.22	+0.006%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.039%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.26	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.27	+0.020%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0103%	8h	356.48	+0.079%	$72.8M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.41	+0.058%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.29	+0.025%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	+0.020%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0185%	8h	356.48	+0.079%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0224%	8h	356.45	+0.070%	$691K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.21	+0.003%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0553%	4h	356.36	+0.046%	$209K	$1.2M	10x	as long as short