Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0015%/8h= +1.6% APRpaid last 24h +0.017%

Price spread now: Bybit against Polymarket Perps+0.073%7-day average +0.105% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.031%+$3 · spread now +0.073%, 7d avg +0.105%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.033% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.073% now, against its 7-day average of +0.105%). If the spread goes back, that is −$3 on $10k: about 7.5 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	358.46	0.0050	pay 0.0006% / 1h	1m 47s	$686K	$413K	10x
Short	Bybit GOOGLUSDT	358.72	0.0065	get 0.0065% / 8h	7h 01m	$11.5M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.073%Rate

Funding earned: $3.05
Price spread: +0.073% → +0.105%: −$3.29
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.24
Costs to cover: 0.190%
Break-even: 51.1 days

Slippage unknown: Polymarket Perps: live order book, 32 min ago; Bybit: live order book, 1 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 Polymarket Perps live order book, 32 min ago	363.13 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.28 bp	10.1 bp −$10	14.7 bp −$147	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
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	357.26	−0.335%	$513K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.71	+0.070%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.55	+0.025%	$3.7M	$7.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.76	+0.084%	$17.4M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.63	+0.046%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.69	+0.064%	$2K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.47	+0.003%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.85	+0.109%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.81	+0.098%	$2.7M	$94K	10x	as long as short
Aster GOOGLUSDT	+0.0007%	8h	358.49	+0.009%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0024%	8h	358.71	+0.069%	$72.8M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.62	+0.045%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.19	−0.075%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.66	+0.056%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.374%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.56	+0.028%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	358.47	+0.003%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.78	+0.089%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.53	+0.020%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	358.46	long leg	$686K	$413K	10x
SoDEX GOOGL-USD	+0.0050%	1h	358.52	+0.017%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.91	−0.153%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0054%	1h	358.50	+0.011%	$551K	$81K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	+0.060%	$24K	$449K	10x	as long as short
Bybit GOOGLUSDTshort	+0.0065%	8h	358.72	+0.073%	$11.5M	$7.4M	100x
Paradex GOOGL-USD-PERP	+0.0065%	8h	358.62	+0.044%	$294	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0079%	8h	358.37	−0.025%	$3.0M	$178K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.42	−0.011%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0094%	8h	358.64	+0.050%	$686K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.63	+0.047%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.033%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.59	+0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.53	+0.018%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.47	+0.003%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	358.67	+0.059%	$2.0M	$1.5M	20x	as long as short
edgeX GOOGLUSDC	+0.0699%	4h	358.59	+0.036%	$209K	$1.2M	10x	as long as short