Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Gate against Polymarket Perps+0.036%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days+0.065%+$6 · spread now +0.036%, 7d avg +0.083%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.047% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	357.02	0.0050	pay 0.0006% / 1h	37m 53s	$685K	$430K	10x
Short	Gate GOOGL_USDT	357.15	0	get 0.0000% / 8h	37m 53s	$3.6M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: −$10.5
Price spread: +0.036% → +0.083%: −$4.66
Slippage, 4 orders: −$19.03
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$57.19
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 65 min ago; Gate: live order book, just now.

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	3.51 bp	7.5 bp −$8	8.4 bp −$84	9.6 bp −$960	doesn't fit
Sell Gate live order book, just now	1.82 bp	14.6 bp −$15	33.8 bp −$338	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	−0.0048%	1h	356.60	−0.118%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.28	+0.073%	$13.6M	$12.7M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.12	+0.028%	$33K	—	20x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.15	+0.036%	$3.6M	$7.4M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.36	+0.095%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.43	+0.114%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.45	+0.120%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	+0.115%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.11	+0.025%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.42	+0.112%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.43	+0.115%	$2.7M	$88K	10x	as long as short
Nado GOOGL-PERP	+0.0012%	1h	357.07	+0.015%	$549K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.27	+0.069%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.31	+0.081%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.053%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.20	+0.051%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.028%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.18	+0.045%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.28	+0.072%	$72.0M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	+0.031%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.38	+0.101%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.14	+0.034%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	357.02	long leg	$685K	$430K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.07	+0.014%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.09	+0.020%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.20	+0.051%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0066%	8h	356.85	−0.048%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.03	+0.003%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.17	+0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	+0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.18	+0.046%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	357.34	+0.090%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.33	+0.087%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0141%	8h	357.47	+0.126%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.29	+0.076%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.42	+0.111%	$208K	$1.2M	10x	as long as short