Funding arb · Price arb / RWA

GOOGL

RWAAll GOOGL markets →

LONGReya▾Reya −0.7543%

⇄⇅

SHORTVariational Omni▾Variational Omni +0.0035%

Backtest 30d

☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	ReyaGOOGLRUSDPERP	279.75	−0.7543	get 0.0943% / 1h	51m 03s	$182K	$195K	15x	Long Reya
SHORT	Variational OmniGOOGL	280.47	+0.0035	get 0.0035% / 8h	7h 51m	$9.1M	$7.1M	20x	Short Variational Omni+15% pts

Price gap+0.255%

Funding gap+0.7578% /8h

Both sides work: funding pays +$227 a day on $10k, and the gap is 0.141% above its 7d average: +$14 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +1.140% in total, about +0.0543%/8h on average.

Price and funding

Price spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Price spread?

Prices?

Funding?per 8h

PRICE SPREAD · 7D

Now+0.255%

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

ReyaVariational Omni

GOOGL on 43 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• i
  Note: Order book unknown—

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

  Reya 15x, Variational Omni 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 8h

  Payments land at different times. Close right after the slower leg pays.

  Long Reya · 1h+$226.30

  Short Variational Omni · 8h+$1.05

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

  Next 24h at the current rates, on $10k a leg: +$227.35Long Reya: 24 payments, +$226.30; short Variational Omni: 3 payments, +$1.05.
• ✓
  OK: Entry gap works for you+0.255% vs +0.114%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$182K vs $9.1M OI

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

  Volume here counts toward the points program.
• ✓
  OK: No KYC on either legReya No · Variational Omni 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+0.0543%/8h × 21 periods+$113.99

Price spread+0.255% → +0.114% (7d avg)+$14.11

Slippage, 4 ordersno data for Reya—

Fee Reya bp × 2 orders−$6.00

Fee Variational Omni bp × 2 orders$0.00

Net, fees only · 7 days · $10k+$122.10

Costs to cover0.060%Break-evenfrom the start

Slippage: Reya: no order-book sample; Variational Omni: RFQ quote, 1 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGReya—————

SELL · SHORTVariational Omni2.713.4 bp−$34.1 bp−$41doesn’t fitdoesn’t fit

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

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GOOGL news

posts that mention GOOGL or Alphabet, from every exchange

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11-05 12:39	Kalshi	Listing	new market KXGOOGLPERP ($GOOGL) seen by our collector
11-03 16:14	Arcus	Other	traders follow the prints. $AAPL and $GOOGL reported recently, and $AMD reports after the close today. the power of always-on markets. @arcus_xyz on X ↗
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 ↗