Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX−0.059%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on SunX Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.059% cheaper against SunX than usual: you would sell low and buy high (spread −0.059% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.31	0	get 0.0000% / 8h	2h 50m	$1K	$4.1M	20x
Short	SoDEX GOOGL-USD	357.10	0.0050	get 0.0006% / 1h	50m 09s	$146	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.059%Rate

Funding earned: $10.5
Price spread: −0.059% → 0.000%: −$5.88
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$11.38
Costs to cover: 0.160%
Break-even: 14.6 days

Slippage unknown: SunX: live order book, 8 min ago; SoDEX: no order-book sample. Net counts fees only.

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	44.88 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	357.10	−0.059%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.20	−0.031%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.35	+0.011%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.31	long leg	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.04	−0.076%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.43	+0.034%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.42	+0.031%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0006%	8h	357.34	+0.009%	$23K	$446K	10x	as long as short
Nado GOOGL-PERP	+0.0012%	1h	357.09	−0.062%	$557K	$86K	20x	as long as short
Variational Omni GOOGL	+0.0014%	8h	357.33	+0.006%	$4.8M	$2.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.034%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.26	−0.015%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.23	−0.022%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.053%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.15	−0.045%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.32	+0.003%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.23	−0.022%	$1.3M	$4.3M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0048%	8h	357.28	−0.008%	$13.7M	$12.5M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.07	−0.067%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.14	−0.048%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	357.10	−0.059%	$146	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.04	−0.076%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.23	−0.021%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.42	+0.031%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.19	−0.035%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.27	−0.012%	$72.2M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.10	−0.059%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.10	−0.059%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.18	−0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.18	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.17	−0.040%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.24	−0.020%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.24	−0.020%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0211%	8h	357.37	+0.017%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0225%	8h	357.36	+0.014%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0992%	4h	357.35	+0.010%	$208K	$1.2M	10x	as long as short