Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0159%/8h= +17.5% APRpaid last 24h +0.074%

Price spread now: BloFin against Polymarket Perps+0.076%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.254% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 4 days (all we have)+0.065%+$6 · spread now +0.076%, 7d avg +0.076%

Together, before fees+0.308%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.076%, so right now this pair is about funding alone: +$5 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	357.51	0.0050	pay 0.0006% / 1h	16m 35s	$686K	$429K	10x
Short	BloFin GOOGL-USDT	357.78	0.0209	get 0.0209% / 8h	4h 16m	$696K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.076%Rate

Funding earned: $33.48
Price spread: +0.076% → +0.076%: −$0.08
Slippage, 4 orders: −$5.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.01
Costs to cover: 0.254%
Break-even: 5.3 days

Slippage from Polymarket Perps: live order book, 41 min ago; BloFin: live order book, 20 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, 41 min ago	1.40 bp	7.3 bp −$7	8.4 bp −$84	9.2 bp −$924	doesn't fit
Sell BloFin live order book, 20 min ago	0.14 bp	6.4 bp −$6	7.8 bp −$78	16.1 bp −$1,607	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.54	+0.008%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	+0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.081%	$17.5M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.77	+0.072%	$23K	$434K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.79	+0.078%	$826	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.52	+0.003%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.109%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.80	+0.081%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0004%	8h	357.76	+0.070%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.59	+0.023%	$144K	$48K	10x	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	357.78	+0.076%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.109%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.014%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.76	+0.070%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.042%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.56	+0.014%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	357.51	long leg	$686K	$429K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.56	+0.014%	$141	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.036%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.56	+0.014%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	357.94	+0.121%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0082%	1h	357.54	+0.007%	$558K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.70	+0.054%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0090%	8h	357.80	+0.081%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	−0.005%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.34	−0.048%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.51	0.000%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.65	+0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.64	+0.037%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.67	+0.046%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.64	+0.036%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0112%	8h	357.75	+0.067%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDTshort	+0.0209%	8h	357.78	+0.076%	$696K	$234K	20x
Bybit GOOGLUSDT	+0.0212%	8h	357.86	+0.098%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0272%	1h	357.78	+0.076%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0700%	4h	357.69	+0.050%	$209K	$1.2M	10x	as long as short