Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.017%

Price spread now: Bybit against SoDEX+0.025%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 Bybit

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.025% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread 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	357.52	0.0050	pay 0.0006% / 1h	42m 52s	$121	$46K	10x
Short	Bybit GOOGLUSDT	357.61	0.0190	get 0.0190% / 8h	7h 42m	$11.5M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.025%Rate

Funding earned: $29.43
Price spread: +0.025% → 0.000%: $2.52
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $12.95
Costs to cover: 0.190%
Break-even: 3.9 days

Slippage unknown: SoDEX: no order-book sample; Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.14 bp	10.1 bp −$10	18.0 bp −$180	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 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	−0.0080%	1h	357.34	−0.050%	$518K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	357.64	+0.034%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.93	+0.113%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.62	+0.028%	$13.5M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.031%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.076%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.80	+0.077%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	+0.050%	$2K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.56	+0.011%	$24K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.81	+0.081%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.79	+0.076%	$2.7M	$90K	10x	as long as short
Binance GOOGLUSDT	+0.0023%	8h	357.73	+0.057%	$72.2M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.64	+0.033%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.59	+0.020%	$145K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.66	+0.039%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.112%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0038%	8h	357.74	+0.060%	$23K	$442K	10x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.66	+0.039%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.52	0.000%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.82	+0.084%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.017%	$686K	$415K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	357.52	long leg	$121	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.56	+0.011%	$2.3M	$4.3M	15x	as long as short
KuCoin GOOGLUSDTM	+0.0055%	8h	357.33	−0.053%	$3.0M	$135K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.65	+0.035%	$293	$253	5x	as long as short
tradeXYZ xyz:GOOGL	+0.0068%	1h	357.52	0.000%	$98.4M	$21.3M	20x	as long as short
Nado GOOGL-PERP	+0.0076%	1h	357.56	+0.010%	$550K	$88K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.65	+0.036%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0092%	8h	357.74	+0.062%	$687K	$234K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.44	−0.021%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	+0.008%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.63	+0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	+0.013%	$25K	—	10x	as long as short
Bybit GOOGLUSDTshort	+0.0190%	8h	357.61	+0.025%	$11.5M	$7.7M	100x
Lighter GOOGL	+0.0240%	1h	357.68	+0.045%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0770%	4h	357.83	+0.087%	$209K	$1.2M	10x	as long as short