Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.008%

Price spread now: Coinbase International against SunX−0.061%7-day average −0.137% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1161.156% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.061%, 7d avg −0.137%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.075% dearer against SunX than usual: you sell high and buy low (spread −0.061% now, against its 7-day average of −0.137%): +$8 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	358.54	0	get 0.0000% / 8h	6h 58m	$2K	$3.8M	20x
Short	Coinbase International GOOGL-PERP-INTX	358.32	−0.0056	pay 0.0007% / 1h	58m 47s	$514K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$11.76
Price spread: −0.061% → −0.137%: $7.54
Slippage, 4 orders: −$97.63
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$119.85
Costs to cover: 1.156%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Coinbase International: live order book, 5 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, 10 min ago	44.82 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	2.93 bp	8.5 bp −$8	10.9 bp −$109	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-INTXshort	−0.0056%	1h	358.32	−0.061%	$514K	$1.1M	10x
Hotstuff GOOGL-PERP	−0.0040%	1h	358.35	−0.053%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.50	−0.011%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.41	−0.036%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.50	−0.011%	$17.3M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.44	−0.028%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	358.54	long leg	$2K	$3.8M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.31	−0.064%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.67	+0.036%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.71	+0.047%	$2.7M	$96K	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	+0.0007%	8h	358.32	−0.062%	$368K	$423K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.45	−0.025%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	358.47	−0.020%	$72.7M	$142.6M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.43	−0.030%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.42	−0.033%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.396%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.53	−0.003%	$1.3M	$4.1M	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.61	+0.020%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.67	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.28	−0.073%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.42	−0.033%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.38	−0.045%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.31	−0.064%	$2.3M	$4.0M	15x	as long as short
Bybit GOOGLUSDT	+0.0056%	8h	358.48	−0.017%	$11.5M	$7.4M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.47	−0.019%	$294	$253	5x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.37	−0.047%	$211K	$283K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0082%	8h	358.17	−0.103%	$3.0M	$179K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.48	−0.017%	$138K	$35K	20x	as long as short
Nado GOOGL-PERP	+0.0091%	1h	358.34	−0.055%	$551K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.56	+0.007%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.31	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.41	−0.036%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0101%	8h	358.56	+0.006%	$682K	$237K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	−0.042%	$25K	—	10x	as long as short
edgeX GOOGLUSDC	+0.0171%	4h	358.61	+0.018%	$209K	$1.2M	10x	as long as short
Lighter GOOGL	+0.0200%	1h	358.46	−0.022%	$2.0M	$1.7M	20x	as long as short