Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h +0.013%

Price spread now: Bitget 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 Bitget

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

The price spread pays, funding is against you. Bitget is 0.048% dearer against SoDEX than usual: you sell high and buy low (spread +0.048% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 9.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX GOOGL-USD	357.46	0.0050	pay 0.0006% / 1h	55m 16s	$149	$46K	10x
Short	Bitget GOOGLUSDT	357.63	0.0034	get 0.0034% / 8h	5h 55m	$17.0M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$3.36
Price spread: +0.048% → 0.000%: $4.76
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.6
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 3 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 Bitget live order book, 3 min ago	0.98 bp	7.3 bp −$7	10.5 bp −$105	doesn't fit	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 35 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	−0.0064%	1h	357.41	−0.014%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0055%	1h	357.52	+0.016%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.53	+0.020%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	+0.032%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.030%	$24K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.66	+0.056%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.45	−0.003%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.77	+0.087%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.64	+0.050%	$2.7M	$74K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	357.23	−0.065%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOOGL-USD	+0.0028%	1h	357.56	+0.028%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.69	+0.064%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.095%	$128K	$45K	30x	as long as short
Bitget GOOGLUSDTshort	+0.0034%	8h	357.63	+0.048%	$17.0M	$9.3M	100x
Bybit GOOGLUSDT	+0.0038%	8h	357.70	+0.067%	$11.7M	$7.4M	100x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.30	−0.045%	$202K	$272K	10x	as long as short
Aster GOOGLUSDT	+0.0041%	8h	357.50	+0.011%	$365K	$458K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.76	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.46	0.000%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.28	−0.050%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	357.46	long leg	$149	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.24	−0.062%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.65	+0.053%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.67	+0.059%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.58	+0.033%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.45	−0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.27	−0.053%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0096%	1h	357.71	+0.070%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.020%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.19	−0.076%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.42	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.46	0.000%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.48	+0.007%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0142%	8h	357.62	+0.045%	$13.8M	$12.5M	50x	as long as short
edgeX GOOGLUSDC	+0.0298%	4h	357.53	+0.019%	$209K	$1.2M	10x	as long as short