Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against SunX−0.087%7-day average — · you buy dearer than you sell

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 5 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 pays, the price is against you. ApeX Omni is 0.087% cheaper against SunX than usual: you would sell low and buy high (spread −0.087% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.96	0	get 0.0000% / 8h	5h 06m	$2K	$4.1M	20x
Short	ApeX Omni GOOGLUSDT	357.65	0.0100	get 0.0013% / 1h	6m 48s	$22K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.087%Rate

Funding earned: $21
Price spread: −0.087% → 0.000%: −$8.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$5.66
Costs to cover: 0.180%
Break-even: 8.9 days

Slippage unknown: SunX: live order book, 11 min ago; ApeX Omni: no order-book sample. 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 SunX live order book, 11 min ago	44.86 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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
Hotstuff GOOGL-PERP	−0.0064%	1h	357.64	−0.089%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.140%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0020%	1h	357.62	−0.095%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.83	−0.036%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.88	−0.024%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.95	−0.003%	$23K	$435K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.96	long leg	$2K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.011%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.04	+0.022%	$2.7M	$81K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.63	−0.093%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0021%	8h	357.66	−0.083%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.87	−0.025%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.91	−0.014%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.235%	$128K	$45K	30x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.89	−0.021%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.65	−0.087%	$208K	$277K	10x	as long as short
Binance GOOGLUSDT	+0.0042%	8h	357.97	+0.003%	$73.1M	$141.3M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	−0.034%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.71	−0.070%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.078%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.70	−0.073%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.57	−0.109%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0063%	8h	357.95	−0.003%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.85	−0.031%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0082%	8h	358.10	+0.039%	$11.9M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.86	−0.028%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.129%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDTshort	+0.0100%	1h	357.65	−0.087%	$22K	$10K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.79	−0.047%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.73	−0.064%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0106%	8h	357.90	−0.017%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.80	−0.045%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	357.95	−0.003%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0162%	8h	357.98	+0.006%	$696K	$234K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0449%	1h	357.82	−0.039%	$24K	$154K	10x	as long as short
edgeX GOOGLUSDC	+0.0686%	4h	357.92	−0.010%	$209K	$1.2M	10x	as long as short