Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h +0.016%

Price spread now: Binance against tradeXYZ+0.059%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on tradeXYZ Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 7 days+0.014%+$1 · spread now +0.059%, 7d avg +0.092%

Together, before fees+0.020%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.034% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	358.48	0.0064	pay 0.0008% / 1h	56m 39s	$98.1M	$21.8M	20x
Short	Binance GOOGLUSDT	358.69	0.0026	get 0.0026% / 8h	6h 56m	$72.7M	$142.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against tradeXYZ. 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 tradeXYZbpFee BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: −$7.85
Price spread: +0.059% → +0.092%: −$3.38
Slippage, 4 orders: −$3.56
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Binance: 5 bp × 2 orders: −$10
Net: −$42.79
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Binance: live order book, 1 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 tradeXYZ live order book, 3 min ago	0.56 bp	9.8 bp −$10	11.5 bp −$115	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	0.14 bp	6.5 bp −$7	9.7 bp −$97	16.1 bp −$1,614	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	−0.0056%	1h	358.32	−0.045%	$514K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.70	+0.061%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.48	0.000%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.72	+0.067%	$17.4M	$9.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.44	−0.012%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.54	+0.017%	$1K	$3.8M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.77	+0.081%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.78	+0.084%	$2.7M	$97K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	358.47	−0.004%	$368K	$423K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.56	+0.022%	$424K	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDTshort	+0.0026%	8h	358.69	+0.059%	$72.7M	$142.2M	50x
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.46	−0.004%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.60	+0.033%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.379%	$128K	$45K	30x	as long as short
Bybit GOOGLUSDT	+0.0037%	8h	358.68	+0.056%	$11.5M	$7.4M	100x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.61	+0.037%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.59	+0.031%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	358.39	−0.025%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.60	+0.033%	$1.3M	$4.1M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.34	−0.039%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.39	−0.025%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.20	−0.078%	$2.3M	$4.0M	15x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0057%	1h	358.41	−0.020%	$24K	$149K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.57	+0.024%	$294	$253	5x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0064%	1h	358.48	long leg	$98.1M	$21.8M	20x
Nado GOOGL-PERP	+0.0066%	1h	358.32	−0.045%	$551K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.46	−0.006%	$211K	$283K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0086%	8h	358.29	−0.053%	$3.0M	$184K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.43	−0.014%	$138K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.63	+0.041%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.31	−0.047%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.44	−0.011%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0104%	8h	358.58	+0.028%	$685K	$237K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	−0.024%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0192%	1h	358.64	+0.045%	$2.0M	$1.7M	20x	as long as short
edgeX GOOGLUSDC	+0.0272%	4h	358.55	+0.020%	$209K	$1.2M	10x	as long as short