Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0616%/8h= +67.4% APRpaid last 24h +0.186%

Price spread now: edgeX against QFEX−0.004%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on QFEX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.520%+$52 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.004%, 7d avg +0.001%

Together, before fees+0.517%+ Points / potential airdropedgeX: Active · farm board+$52 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOOGL-USD	356.44	0.0064	pay 0.0008% / 1h	5m 17s	$1.3M	$4.7M	10x
Short	edgeX GOOGLUSDC	356.43	0.0679	get 0.0340% / 4h	3h 05m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against QFEX. 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 QFEXbpFee edgeXbpOrdersPrice spread, now −0.004%Rate

Funding earned: $129.27
Price spread: −0.004% → +0.001%: −$0.47
Slippage, 4 orders: −$8.61
Fee QFEX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $101.19
Costs to cover: 0.276%
Break-even: 1.5 days

Slippage from QFEX: live order book, 3 min ago; edgeX: 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 QFEX live order book, 3 min ago	0.84 bp	5.8 bp −$6	6.5 bp −$65	12.8 bp −$1,284	doesn't fit
Sell edgeX live order book, 4 min ago	3.23 bp	7.9 bp −$8	10.9 bp −$109	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
Deribit GOOGL_USDC-PERPETUAL	−0.0283%	1h	356.10	−0.095%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.42	−0.006%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.43	−0.001%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.48	+0.011%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.60	+0.045%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.031%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0011%	1h	356.17	−0.075%	$144K	$52K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.32	−0.034%	$33K	—	20x	as long as short
Variational Omni GOOGL	+0.0030%	8h	356.38	−0.017%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.46	+0.006%	$2.1M	$1.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.54	+0.028%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	−0.062%	$528K	$1.1M	10x	as long as short
Bitget GOOGLUSDT	+0.0033%	8h	356.46	+0.006%	$16.9M	$9.3M	100x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.191%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.35	−0.026%	$556K	$81K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.025%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.32	−0.034%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.050%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.039%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.081%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USDlong	+0.0064%	1h	356.44	long leg	$1.3M	$4.7M	10x
Paradex GOOGL-USD-PERP	+0.0067%	8h	356.48	+0.010%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0080%	8h	356.59	+0.042%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0082%	8h	356.49	+0.014%	$11.5M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.040%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.08	−0.101%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.24	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.34	−0.028%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0101%	8h	356.51	+0.020%	$72.7M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.42	−0.005%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.35	−0.026%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.050%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.49	+0.014%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0222%	8h	356.50	+0.017%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.056%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0679%	4h	356.43	−0.004%	$209K	$1.2M	10x