Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against SunX−0.050%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1181.177% of the position

Long on SunX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.091%−$9 · spread now −0.050%, 7d avg −0.086%

Together, before fees+0.015%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.035% dearer against SunX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	356.71	0	get 0.0000% / 8h	1h 37m	$1K	$4.0M	20x
Short	tradeXYZ xyz:GOOGL	356.53	0.0050	get 0.0006% / 1h	37m 51s	$98.0M	$21.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.050%Rate

Funding earned: $10.5
Price spread: −0.050% → −0.086%: $3.51
Slippage, 4 orders: −$91.71
Fee SunX: 4 bp × 2 orders: −$8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$103.7
Costs to cover: 1.177%
Break-even: 76.1 days

Slippage from SunX: live order book, 10 min ago; tradeXYZ: live order book, 12 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	44.68 bp	49.1 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.14 bp	9.5 bp −$9	doesn't fit	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	−0.0024%	1h	356.60	−0.031%	$511K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	356.53	−0.050%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.71	0.000%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.60	−0.031%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.82	+0.031%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.77	+0.018%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.83	+0.035%	$23K	$446K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	356.71	long leg	$1K	$4.0M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.062%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.036%	$114K	$212K	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	356.89	+0.050%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.60	−0.032%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.64	−0.020%	$1.3M	$2.1M	20x	as long as short
Aster GOOGLUSDT	+0.0033%	8h	357.04	+0.094%	$365K	$424K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.115%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.70	−0.003%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.55	−0.045%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.74	+0.008%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0049%	1h	356.49	−0.062%	$549K	$90K	20x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.53	−0.050%	$98.0M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.53	−0.050%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.53	−0.050%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.46	−0.070%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.67	−0.011%	$292	$253	5x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.73	+0.006%	$72.0M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.64	−0.019%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.63	−0.022%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.049%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.55	−0.045%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.59	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.58	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	−0.032%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0152%	1h	356.69	−0.006%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0174%	8h	356.80	+0.025%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.83	+0.034%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0924%	4h	356.80	+0.024%	$208K	$1.2M	10x	as long as short