Funding arb · Price arb / RWA

GOOGL

RWAAll GOOGL markets →

LONGPopdex▾Deribit −0.0283%Backpack −0.0120%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%AZverse +0.0008%Aftermath Perps +0.0013%Lighter +0.0032%Lighter RH +0.0032%Injective +0.0033%Arcus +0.0038%Paradex +0.0040%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%BingX +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Ondo Perps +0.0050%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%BloFin +0.0120%edgeX +0.0227%RISEx +0.0339%Nado +0.0391%Kraken Futures +0.0981%

⇄⇅

SHORTReya▾Kraken Futures +0.0981%Nado +0.0391%RISEx +0.0339%edgeX +0.0227%BloFin +0.0120%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Ondo Perps +0.0050%tradeXYZ +0.0050%BingX +0.0050%Polymarket Perps +0.0050%SoDEX +0.0050%Vest Markets +0.0046%Paradex +0.0040%Arcus +0.0038%Injective +0.0033%Lighter +0.0032%Lighter RH +0.0032%Aftermath Perps +0.0013%AZverse +0.0008%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%Phoenix 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%Backpack −0.0120%Deribit −0.0283%Reya −0.1724%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexGOOGLUSDT	281.75	+0.0048	pay 0.0006% / 1h	3m 21s	$422K	$356K	20x	Long Popdex
SHORT	ReyaGOOGLRUSDPERP	280.96	−0.1724	pay 0.0215% / 1h	3m 21s	$86K	$86K	15x	Short Reya

Price gap−0.282%

Funding gap−0.1772% /8h

Both sides work against this direction now: funding costs $53 a day on $10k and the gap is 0.282% under zero (no 7-day history yet). Swap the legs.

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.738% in total, about −0.0351%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now−0.282%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

PopdexReya

GOOGL on 43 exchanges

lowest funding first

Before you open

3 ok · 1 to watch

• i
  Note: Order book unknown—

  No order-book sample for Reya: its slippage is not counted.
• i
  Note: Margin at max leverage$500 + $667

  Popdex 20x, Reya 15x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Popdex · 1h−$1.44

  Short Reya · 1h−$51.71

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: −$53.15Long Popdex: 24 payments, −$1.44; short Reya: 24 payments, −$51.71.
• i
  Note: No 7-day spread history−0.282%

  The gap cannot be compared with its average yet.
• !
  Watch: Short leg is thinner$86K vs $422K OI

  Reya sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legReya points

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legPopdex No · Reya No

  Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned−0.0351%/8h × 21 periods−$73.76

Price spread−0.282% → 0−$28.18

Slippage, 4 ordersno data for Reya—

Fee Popdex bp × 2 orders−$6.40

Fee Reya bp × 2 orders−$6.00

Net, fees only · 7 days · $10k−$114.34

Costs to cover0.124%Break-evennever at this rate

Slippage: Popdex: live order book, 19 min ago; Reya: no order-book sample

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGPopdex0.714.1 bp−$46.0 bp−$60doesn’t fitdoesn’t fit

SELL · SHORTReya—————

Closing costs about the same again.
Reya: no data.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

GOOGL news

posts that mention GOOGL or Alphabet, from every exchangeSearch all news →

10-30 10:31	Markets by Kinetiq	Other	BREAKING: Big Tech stocks are getting crushed, with Wall Street bracing for a brutal Friday. $INTC: -25% $GOOGL: -10% $AMZN: -7% Nasdaq futures are plunging more than 2.5%. @Markets_xyz on X ↗
10-29 14:30	Kalshi	Other	JUST IN: Alphabet stock falls 13% and erases $500 billion in value after earnings miss @Kalshi on X ↗
10-29 13:32	Vest Markets	Other	Trade $GOOGL post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗
10-29 13:32	Vest Markets	Other	$GOOGL missed Q3 revenue and EPS estimates after yesterday's close, with free cash flow at -$9.07B. → Revenue: $127.6B vs. $127.91B expected, up 25% YoY → EPS: $2.12 vs. $3.01 expected, or $2.67 excluding a $0.55 equity securities loss → Google Cloud: $30.7B, up 103% YoY, beating estimates At the open, $GOOGL is down around 12%, with Search & other at $63.35B below the $64.9B expected, despite query growth at a five-year high. Quarterly capex more than doubled to $51.4B, with the 2026 plan held at $195B to $205B and 2027 spending guided significantly higher. @VestExchange on X ↗
10-29 10:10	Reya	Other	$GOOGL moved -10% overnight. With the US market closed, anyone with a view has no way to act on it until 9:30 ET. RWAs 24/7 on Reya. As the price moves, not when the exchange opens. @reya_xyz on X ↗
10-29 09:00	MEXC	Other	🤖 Same AI bet, opposite market reactions. 🟢 $MSFT: +4% | Cloud revenue +30% 🔴 $GOOGL: -8% | Free cash flow -$9.07B Tech companies spend big on AI, but investors reward returns. Who's winning the AI race? 👇 @MEXC on X ↗