Funding you earn now, next payment 08:00 UTC+0.0106%/8h= +11.6% APRnext payment +$1.06 per $10,000 · paid last 24h +0.056%
Price spread now: Bybit against SunX−0.011%7-day average +0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1151.145% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.011%, 7d avg +0.012%
=Funding pays, the price is against you. Bybit is 0.023% cheaper against SunX than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.012%). If the spread goes back, that is −$2 on $10k: about 17 hours 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 | 357.43 | 0 | get 0.0000% / 8h | 39m 15s | $1K | $4.0M | 20x |
| Short | Bybit GOOGLUSDT | 357.39 | 0.0106 | get 0.0106% / 8h | 39m 15s | $11.5M | $7.9M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against SunX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $22.25
- Price spread: −0.011% → +0.012%
- −$2.3
- Slippage, 4 orders
- −$95.53
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$94.58
- Costs to cover
- 1.145%
- Break-even
- 36.8 days
Slippage from SunX: live order book, 9 min ago; Bybit: live order book, 4 min ago.
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, 9 min ago | 44.65 bp | 49.2 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 0.42 bp | 8.3 bp −$8 | 11.3 bp −$113 | doesn't fit | doesn't fit |
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 | −0.0048% | 1h | 356.60 | −0.232% | $511K | $1.1M | 10x | as long as short |
| OKX GOOGL-USDT-SWAP | 0.0000% | 8h | 357.38 | −0.014% | $13.6M | $12.7M | 50x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 357.30 | −0.036% | $3.6M | $7.4M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 357.44 | +0.003% | $17.3M | $9.8M | 100x | as long as short |
| Variational Omni GOOGL | 0.0000% | 8h | 357.43 | −0.001% | $4.8M | $2.4M | — | as long as short |
| GRVT GOOGL_USDT_Perp | 0.0000% | 8h | 357.45 | +0.005% | $23K | $448K | 10x | as long as short |
| SunX GOOGL-USDTlong | 0.0000% | 8h | 357.43 | long leg | $1K | $4.0M | 20x | |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.51 | +0.022% | $115K | $210K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.45 | +0.006% | $2.7M | $88K | 10x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | +0.0002% | 1h | 357.17 | −0.073% | $24K | $157K | 10x | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado GOOGL-PERP | +0.0011% | 1h | 357.16 | −0.074% | $549K | $91K | 20x | as long as short |
| Aster GOOGLUSDT | +0.0013% | 8h | 357.37 | −0.018% | $365K | $424K | 20x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0023% | 1h | 357.27 | −0.044% | $144K | $45K | 10x | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 357.28 | −0.042% | $1.3M | $1.9M | 20x | as long as short |
| Extended GOOGL-USD | +0.0032% | 1h | 357.28 | −0.042% | $427K | $2.5M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.087% | $128K | $45K | 30x | as long as short |
| QFEX GOOGL-USD | +0.0035% | 1h | 357.26 | −0.048% | $1.3M | $4.2M | 10x | as long as short |
| Binance GOOGLUSDT | +0.0035% | 8h | 357.37 | −0.017% | $72.1M | $143.4M | 50x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 357.14 | −0.081% | $207K | $279K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.45 | +0.006% | — | $5K | 25x | as long as short |
| Hotstuff GOOGL-PERP | +0.0048% | 1h | 357.21 | −0.062% | $33K | — | 20x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 357.16 | −0.076% | $98.2M | $21.4M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.12 | −0.087% | $685K | $430K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.17 | −0.073% | $140 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.09 | −0.095% | $2.3M | $4.7M | 15x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0051% | 8h | 357.26 | −0.047% | $293 | $253 | 5x | as long as short |
| KuCoin GOOGLUSDTM | +0.0064% | 8h | 356.88 | −0.154% | $3.0M | $101K | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.08 | −0.098% | $42K | $35K | 10x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.17 | −0.073% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.22 | −0.059% | $10K | $11K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.25 | −0.050% | $25K | — | 10x | as long as short |
| Bybit GOOGLUSDTshort | +0.0106% | 8h | 357.39 | −0.011% | $11.5M | $7.9M | 100x | |
| Phoenix GOOGL | +0.0112% | 1h | 357.33 | −0.028% | $137K | $36K | 20x | as long as short |
| BloFin GOOGL-USDT | +0.0141% | 8h | 357.47 | +0.011% | $688K | $236K | 20x | as long as short |
| Lighter GOOGL | +0.0152% | 1h | 357.35 | −0.022% | $2.0M | $1.3M | 20x | as long as short |
| edgeX GOOGLUSDC | +0.0617% | 4h | 357.42 | −0.004% | $208K | $1.2M | 10x | as long as short |
SunX GOOGL-USDT
Bybit GOOGLUSDT
Coinbase International GOOGL-PERP-INTX
OKX GOOGL-USDT-SWAP
Gate GOOGL_USDT
Bitget GOOGLUSDT
Variational Omni GOOGL
GRVT GOOGL_USDT_Perp
HTX GOOGL-USDT
Phemex GOOGLUSDT
Deribit GOOGL_USDC-PERPETUAL
Aster GOOGLUSDT
Aftermath Perps GOOGLUSD
Lighter RH GOOGL
Extended GOOGL-USD
Injective GOOGL/USDC PERP
Binance GOOGLUSDT
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Paradex GOOGL-USD-PERP
KuCoin GOOGLUSDTM
Pacifica GOOGL
ApeX Omni GOOGLUSDT
Phoenix GOOGL
BloFin GOOGL-USDT
Lighter GOOGL
edgeX GOOGLUSDC