Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.038%

Price spread now: Binance against SoDEX+0.048%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.048% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX GOOGL-USD	356.77	0.0050	pay 0.0006% / 1h	28m 19s	$151	$46K	10x
Short	Binance GOOGLUSDT	356.94	0.0048	get 0.0048% / 8h	1h 28m	$72.0M	$143.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against SoDEX. 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 SoDEXbpFee BinancebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.41
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.64
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Binance: live order book, 15 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Binance live order book, 15 min ago	0.14 bp	5.6 bp −$6	7.3 bp −$73	21.6 bp −$2,164	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	356.60	−0.048%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.87	+0.028%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.83	+0.017%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.99	+0.062%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.79	+0.006%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.82	+0.013%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.96	+0.053%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.72	−0.014%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.09	+0.090%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.90	+0.036%	$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
Aftermath Perps GOOGLUSD	+0.0021%	1h	356.54	−0.063%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0027%	8h	357.06	+0.081%	$365K	$424K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.88	+0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.098%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.74	−0.010%	$549K	$92K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.92	+0.042%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.58	−0.053%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.05	+0.078%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.87	+0.027%	$423K	$1.2M	20x	as long as short
Binance GOOGLUSDTshort	+0.0048%	8h	356.94	+0.048%	$72.0M	$143.9M	50x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.78	+0.003%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.75	−0.006%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	356.77	long leg	$151	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.46	−0.087%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.93	+0.046%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.77	0.000%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.69	−0.022%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.76	−0.002%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.050%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.55	−0.062%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.76	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.81	+0.011%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0136%	1h	356.92	+0.042%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0157%	8h	356.96	+0.053%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0169%	8h	356.96	+0.053%	$690K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0655%	4h	356.77	+0.001%	$208K	$1.2M	10x	as long as short