Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: Gate against tradeXYZ+0.048%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days+0.015%+$2 · spread now +0.048%, 7d avg +0.079%

Together, before fees−0.046%+ Points / potential airdroptradeXYZ: Active · farm board−$5 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 Gate is 0.032% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	356.18	0.0050	pay 0.0006% / 1h	58m 17s	$98.3M	$22.1M	20x
Short	Gate GOOGL_USDT	356.35	0	get 0.0000% / 8h	6h 58m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.048%Rate

Funding earned: −$10.5
Price spread: +0.048% → +0.079%: −$3.16
Slippage, 4 orders: −$12.39
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.04
Costs to cover: 0.454%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; Gate: live order book, 5 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, 11 min ago	0.28 bp	10.1 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.40 bp	15.0 bp −$15	23.1 bp −$231	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
Deribit GOOGL_USDC-PERPETUAL	−0.0115%	1h	356.04	−0.039%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.22	+0.011%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0004%	1h	356.26	+0.022%	$556K	$80K	20x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.35	+0.048%	$3.6M	$7.5M	100x
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.44	+0.072%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.40	+0.062%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.37	+0.053%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.104%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.19	+0.002%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0018%	8h	356.45	+0.076%	$16.9M	$9.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.065%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.35	+0.048%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.42	+0.067%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.264%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.24	+0.017%	$202K	$271K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	356.18	long leg	$98.3M	$22.1M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.19	+0.003%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	+0.003%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.22	+0.011%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.33	+0.042%	$1.3M	$4.6M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.19	+0.003%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.39	+0.058%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0067%	8h	356.46	+0.079%	$11.5M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.57	+0.110%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.32	+0.038%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.40	+0.062%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.21	+0.008%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.14	−0.011%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.24	+0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.28	+0.029%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.034%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.50	+0.090%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	356.49	+0.087%	$647K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	+0.065%	$209K	$1.2M	10x	as long as short