Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h −0.011%

Price spread now: GRVT against Polymarket Perps+0.259%63s7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.270% of the position

Long on Polymarket Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)−0.271%−$27 · spread now +0.259%, 7d avg +0.069%

Together, before fees−0.344%+ Points / potential airdropGRVT: Active · farm board−$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GRVT is 0.191% dearer against Polymarket Perps than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.069%. Mind the row above: over the last 7 days funding on this pair cost −0.073%, so the current rate has only just turned in your favour. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	358.35	0.0050	pay 0.0006% / 1h	56m 22s	$686K	$413K	10x
Short	GRVT GOOGL_USDT_Perp	359.28	0.0172	get 0.0172% / 8h	5h 56m	$24K	$450K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.259%Rate

Funding earned: $25.62
Price spread: +0.259% → +0.069%: $19.07
Slippage, 4 orders: −$9.97
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $17.72
Costs to cover: 0.270%
Break-even: 2.2 days

Slippage from Polymarket Perps: live order book, 54 min ago; GRVT: live order book, 54 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, 54 min ago	2.79 bp	6.8 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell GRVT live order book, 54 min ago	1.25 bp	7.2 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.90	−0.126%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	358.38	+0.008%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.48	+0.036%	$11.6M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.54	+0.053%	$13.6M	$13.6M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.38	+0.008%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.51	+0.045%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.49	+0.039%	$2K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.27	−0.022%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.65	+0.084%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.79	+0.123%	$2.7M	$114K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0011%	8h	359.14	+0.221%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.61	+0.073%	$145K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.38	+0.008%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.343%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.57	+0.061%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.27	−0.022%	$98.0M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	358.35	long leg	$686K	$413K	10x
SoDEX GOOGL-USD	+0.0050%	1h	358.45	+0.028%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.08	−0.075%	$2.3M	$3.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.46	+0.031%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	358.35	−0.001%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0065%	8h	358.44	+0.026%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	358.25	−0.029%	$552K	$82K	20x	as long as short
Binance GOOGLUSDT	+0.0085%	8h	358.51	+0.044%	$73.2M	$144.5M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	358.39	+0.010%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.12	−0.063%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.32	−0.008%	$3.0M	$242K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.70	+0.098%	$27K	$13K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.38	+0.008%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.38	+0.007%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	358.40	+0.014%	$2.0M	$2.1M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.95	+0.167%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perpshort	+0.0172%	8h	359.28	+0.259%	$24K	$450K	10x
Arcus GOOGL-USD	+0.0199%	1h	358.30	−0.014%	$211K	$245K	10x	as long as short
BloFin GOOGL-USDT	+0.0205%	8h	358.74	+0.109%	$690K	$242K	20x	as long as short
edgeX GOOGLUSDC	+0.0388%	4h	359.09	+0.207%	$210K	$1.2M	10x	as long as short