Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0653%/8h= +71.5% APRpaid last 24h +0.177%

Price spread now: edgeX against Polymarket Perps+0.037%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$280.283% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.042%+$4 · spread now +0.037%, 7d avg +0.060%

Together, before fees+0.055%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.023% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread +0.037% now, against its 7-day average of +0.060%). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.014% in total) that is about 12 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.014% in total (about 0.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	356.98	0.0050	pay 0.0006% / 1h	50m 40s	$685K	$430K	10x
Short	edgeX GOOGLUSDC	357.11	0.0703	get 0.0351% / 4h	1h 50m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.037%Rate

Funding earned: $137.09
Price spread: +0.037% → +0.060%: −$2.35
Slippage, 4 orders: −$11.3
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $106.44
Costs to cover: 0.283%
Break-even: 1.6 days

Slippage from Polymarket Perps: live order book, 57 min ago; edgeX: live order book, 3 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, 57 min ago	2.10 bp	6.3 bp −$6	7.7 bp −$77	9.0 bp −$900	doesn't fit
Sell edgeX live order book, 3 min ago	3.22 bp	7.9 bp −$8	11.3 bp −$113	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	−0.0024%	1h	356.88	−0.028%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.06	+0.022%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.98	0.000%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.064%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	+0.033%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.056%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	+0.048%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.81	−0.048%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.073%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.25	+0.076%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.015%	$554K	$88K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.22	+0.067%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.08	+0.028%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.039%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.014%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.27	+0.081%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.95	−0.008%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.025%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.90	−0.022%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.98	long leg	$685K	$430K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.91	−0.020%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.039%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.06	+0.021%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.15	+0.048%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.05	+0.021%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	−0.014%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.91	−0.021%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.67	−0.087%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.91	−0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	+0.007%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0176%	1h	357.13	+0.042%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.15	+0.048%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.17	+0.053%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0703%	4h	357.11	+0.037%	$208K	$1.2M	10x