Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0335%/8h= +36.7% APRpaid last 24h +0.169%

Price spread now: edgeX against tradeXYZ+0.001%7-day average +0.053% · 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−$40as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on tradeXYZ Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days+0.056%+$6 · spread now +0.001%, 7d avg +0.053%

Together, before fees+0.099%+ Points / potential airdroptradeXYZ: Active · edgeX: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.052% cheaper against tradeXYZ than usual: you would sell low and buy high (spread +0.001% now, against its 7-day average of +0.053%). If the spread goes back, that is −$5 on $10k: about 12 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.043% in total) that is about 8.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.49	0.0050	pay 0.0006% / 1h	35m 08s	$98.4M	$21.3M	20x
Short	edgeX GOOGLUSDC	357.49	0.0385	get 0.0192% / 4h	3h 35m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $70.31
Price spread: +0.001% → +0.053%: −$5.23
Slippage, 4 orders: −$7.96
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.12
Costs to cover: 0.350%
Break-even: 4.0 days

Slippage from tradeXYZ: live order book, 3 min ago; edgeX: live order book, 4 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	0.28 bp	9.5 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	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	−0.0080%	1h	357.28	−0.059%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.81	+0.089%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.67	+0.050%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	+0.028%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.084%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.63	+0.038%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.022%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	+0.059%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.49	0.000%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.084%	$115K	$209K	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	357.72	+0.064%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.72	+0.064%	$72.3M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.58	+0.024%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	−0.003%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.028%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.103%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.57	+0.022%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.053%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	−0.020%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	+0.064%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.49	long leg	$98.4M	$21.3M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.036%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.006%	$118	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.087%	$2.3M	$4.1M	15x	as long as short
Nado GOOGL-PERP	+0.0054%	1h	357.45	−0.010%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.58	+0.024%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0058%	8h	357.23	−0.073%	$3.0M	$143K	20x	as long as short
Bybit GOOGLUSDT	+0.0072%	8h	357.68	+0.053%	$11.5M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0087%	8h	357.67	+0.050%	$686K	$234K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.36	−0.036%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	−0.033%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.53	+0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.49	−0.001%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.63	+0.039%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0385%	4h	357.49	+0.001%	$209K	$1.2M	10x