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 +0.011%

Price spread now: Bitget against tradeXYZ+0.067%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.005%−$1 · spread now +0.067%, 7d avg +0.093%

Together, before fees−0.019%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.026% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.09	0.0050	pay 0.0006% / 1h	25m 36s	$98.2M	$21.8M	20x
Short	Bitget GOOGLUSDT	357.33	0	get 0.0000% / 8h	2h 25m	$17.3M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$10.5
Price spread: +0.067% → +0.093%: −$2.6
Slippage, 4 orders: −$5.57
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.67
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Bitget: 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 tradeXYZ live order book, 4 min ago	0.14 bp	10.1 bp −$10	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.28 bp	7.5 bp −$8	11.6 bp −$116	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
Nado GOOGL-PERP	−0.0003%	1h	357.10	+0.003%	$557K	$86K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.17	+0.022%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	357.33	+0.067%	$17.3M	$9.9M	100x
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.06	−0.008%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.29	+0.056%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.06	−0.008%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.35	+0.073%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.15	+0.017%	$2.7M	$87K	10x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.24	+0.041%	$4.8M	$2.4M	—	as long as short
OKX GOOGL-USDT-SWAP	+0.0013%	8h	357.26	+0.048%	$13.7M	$12.8M	50x	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	356.57	−0.146%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	356.83	−0.072%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.30	+0.059%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.008%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.88	−0.059%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.33	+0.067%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.23	+0.039%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.09	long leg	$98.2M	$21.8M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.03	−0.017%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.98	−0.031%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.070%	$2.3M	$4.8M	15x	as long as short
Aster GOOGLUSDT	+0.0058%	8h	357.42	+0.093%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.25	+0.045%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.03	−0.017%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0078%	8h	357.31	+0.062%	$72.1M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.21	+0.034%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.26	+0.047%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.17	+0.022%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.14	+0.014%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.31	+0.062%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.14	+0.015%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.90	−0.053%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0200%	8h	357.28	+0.053%	$690K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0211%	8h	357.38	+0.081%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0623%	4h	357.09	0.000%	$208K	$1.2M	10x	as long as short