Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.051%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1211.213% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.051%, 7d avg −0.019%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.032% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	356.24	0	get 0.0000% / 8h	2h 20m	$1K	$4.2M	20x
Short	Gate GOOGL_USDT	356.06	0	get 0.0000% / 8h	2h 20m	$3.6M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.019%: −$3.15
Slippage, 4 orders: −$98.33
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$124.48
Costs to cover: 1.213%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Gate: live order book, 3 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, 8 min ago	44.80 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	0.14 bp	14.0 bp −$14	27.9 bp −$279	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	−0.0088%	1h	355.96	−0.079%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	356.15	−0.025%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	355.86	−0.106%	$361K	$455K	20x	as long as short
Extended GOOGL-USD	0.0000%	1h	356.20	−0.011%	$422K	$1.6M	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.24	0.000%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.06	−0.051%	$3.6M	$7.4M	100x
Variational Omni GOOGL	0.0000%	8h	356.24	−0.001%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.01	−0.064%	$23K	$511K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	356.24	long leg	$1K	$4.2M	20x
HTX GOOGL-USDT	0.0000%	8h	356.36	+0.034%	$114K	$223K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	356.29	+0.014%	$2.7M	$63K	10x	as long as short
BloFin GOOGL-USDT	+0.0001%	8h	356.15	−0.025%	$688K	$235K	20x	as long as short
Binance GOOGLUSDT	+0.0003%	8h	356.24	0.000%	$72.8M	$141.4M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.10	−0.040%	$144K	$55K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0018%	8h	356.23	−0.003%	$13.8M	$12.9M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.12	−0.034%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.247%	$128K	$45K	30x	as long as short
Bitget GOOGLUSDT	+0.0042%	8h	356.16	−0.022%	$17.0M	$9.1M	100x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.21	−0.008%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.11	−0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.98	−0.073%	$97.9M	$25.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	355.98	−0.073%	$682K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.99	−0.070%	$197	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.86	−0.107%	$2.3M	$4.9M	15x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0059%	1h	356.04	−0.056%	$23K	$150K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	356.11	−0.036%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0067%	1h	355.86	−0.107%	$556K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.95	−0.081%	$202K	$303K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.83	−0.114%	$43K	$42K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.71	−0.149%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.85	−0.109%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.04	−0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	355.98	−0.072%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.87	−0.104%	$137K	$48K	20x	as long as short
Lighter GOOGL	+0.0176%	1h	356.13	−0.031%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0226%	4h	356.01	−0.064%	$207K	$1.2M	10x	as long as short