Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0683%/8h= +74.7% APRpaid last 24h +0.234%

Price spread now: edgeX against SunX−0.019%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.152%−$15 · spread now −0.019%, 7d avg −0.019%

Together, before fees−0.055%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.019%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.77	0	get 0.0000% / 8h	4h 19m	$719	$4.1M	20x
Short	edgeX GOOGLUSDC	357.70	0.0683	get 0.0341% / 4h	19m 16s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $143.33
Price spread: −0.019% → −0.019%: −$0.03
Slippage, 4 orders: −$97.82
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $28.49
Costs to cover: 1.148%
Break-even: 5.6 days

Slippage from SunX: live order book, 9 min ago; edgeX: 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, 9 min ago	44.87 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	3.36 bp	8.1 bp −$8	11.2 bp −$112	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	357.54	−0.064%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.62	−0.042%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.003%	$17.4M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.72	−0.014%	$23K	$434K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.77	long leg	$719	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	357.85	+0.022%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.80	+0.008%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0004%	8h	357.76	−0.003%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.60	−0.048%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	−0.006%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.182%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.087%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	−0.008%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.031%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.53	−0.067%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.49	−0.078%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.067%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.101%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	357.91	+0.039%	$366K	$457K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.53	−0.067%	$33K	—	20x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	357.49	−0.077%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0086%	1h	357.56	−0.059%	$24K	$155K	10x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.66	−0.032%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0089%	8h	357.75	−0.006%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	−0.085%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.33	−0.123%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.50	−0.075%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.65	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.60	−0.047%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0109%	8h	357.65	−0.032%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.56	−0.059%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.73	−0.011%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0208%	8h	357.80	+0.008%	$695K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0210%	8h	357.87	+0.028%	$12.0M	$7.6M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.76	−0.003%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0683%	4h	357.70	−0.019%	$209K	$1.2M	10x