Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0227%/8h= +24.9% APRpaid last 24h +0.026%

Price spread now: Deribit against SunX−0.028%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1131.129% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.158%+$16 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.028%, 7d avg −0.050%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Deribit is 0.022% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	356.57	0	get 0.0000% / 8h	25m 14s	$1K	$4.2M	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.47	0.0227	get 0.0028% / 1h	25m 14s	$23K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.028%Rate

Funding earned: $47.7
Price spread: −0.028% → −0.050%: $2.2
Slippage, 4 orders: −$97.9
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$63
Costs to cover: 1.129%
Break-even: 16.2 days

Slippage from SunX: live order book, 3 min ago; Deribit: live order book, 53 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, 3 min ago	44.73 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 53 min ago	0.14 bp	10.9 bp −$11	13.5 bp −$135	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
Hotstuff GOOGL-PERP	0.0000%	1h	356.32	−0.070%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.034%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	356.57	long leg	$1K	$4.2M	20x
HTX GOOGL-USDT	0.0000%	8h	356.71	+0.039%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.025%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.048%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	−0.052%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.60	+0.008%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.154%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.47	−0.028%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.60	+0.008%	$23K	$472K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.32	−0.070%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.31	−0.073%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.132%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0055%	1h	356.32	−0.070%	$98.9M	$25.2M	20x	as long as short
Variational Omni GOOGL	+0.0060%	8h	356.59	+0.007%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.51	−0.017%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.45	−0.033%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.19	−0.106%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.31	−0.073%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.32	−0.070%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	−0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.49	−0.023%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0110%	8h	356.69	+0.035%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0116%	1h	356.24	−0.093%	$559K	$82K	20x	as long as short
Bybit GOOGLUSDT	+0.0116%	8h	356.64	+0.020%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.60	+0.008%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.51	−0.016%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0132%	8h	356.59	+0.006%	$73.1M	$142.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.31	−0.073%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0169%	8h	356.65	+0.022%	$13.9M	$12.9M	50x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	+0.0227%	1h	356.47	−0.028%	$23K	$152K	10x
Arcus GOOGL-USD	+0.0250%	1h	356.33	−0.067%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0252%	8h	356.63	+0.017%	$694K	$236K	20x	as long as short
Lighter GOOGL	+0.0288%	1h	356.58	+0.003%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0842%	4h	356.48	−0.026%	$210K	$1.2M	10x	as long as short