Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.051%

Price spread now: OKX against Polymarket Perps+0.036%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$250.249% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.041%+$4 · spread now +0.036%, 7d avg +0.099%

Together, before fees+0.039%+$4 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 OKX is 0.062% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.099%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	356.96	0.0050	pay 0.0006% / 1h	54m 00s	$685K	$430K	10x
Short	OKX GOOGL-USDT-SWAP	357.09	0	get 0.0000% / 8h	1h 54m	$13.6M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$10.5
Price spread: +0.036% → +0.099%: −$6.22
Slippage, 4 orders: −$6.91
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$41.63
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 54 min ago; OKX: live order book, 4 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	2.10 bp	6.3 bp −$6	7.7 bp −$77	9.0 bp −$900	doesn't fit
Sell OKX live order book, 4 min ago	0.14 bp	6.3 bp −$6	12.2 bp −$122	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	−0.022%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.09	+0.036%	$13.6M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	356.97	+0.003%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.070%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.09	+0.037%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.062%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.14	+0.050%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.90	−0.017%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.26	+0.084%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.28	+0.090%	$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	+0.0006%	1h	356.91	−0.013%	$557K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.22	+0.073%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.09	+0.036%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.020%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.32	+0.101%	$365K	$424K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.92	−0.011%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.22	+0.073%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.92	−0.011%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.96	long leg	$685K	$430K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.88	−0.022%	$156	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.064%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.07	+0.031%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	356.90	−0.017%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.16	+0.056%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.04	+0.023%	$422K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.001%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.69	−0.076%	$3.0M	$108K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.94	−0.006%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	+0.012%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.09	+0.036%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0176%	1h	357.12	+0.045%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.29	+0.092%	$689K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0183%	8h	357.17	+0.059%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0802%	4h	357.22	+0.073%	$208K	$1.2M	10x	as long as short