Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0153%/8h= +16.8% APRpaid last 24h −0.013%

Price spread now: GRVT against tradeXYZ+0.103%86s7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.321% of the position

Long on tradeXYZ Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.072%−$7 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.103%, 7d avg +0.079%

Together, before fees−0.151%+ Points / potential airdroptradeXYZ: Active · GRVT: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GRVT is 0.025% dearer against tradeXYZ than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.079%. Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	358.88	0.0050	pay 0.0006% / 1h	7m 52s	$98.4M	$21.5M	20x
Short	GRVT GOOGL_USDT_Perp	359.25	0.0203	get 0.0203% / 8h	6h 07m	$23K	$446K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.103%Rate

Funding earned: $32.13
Price spread: +0.103% → +0.079%: $2.48
Slippage, 4 orders: −$5.08
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $2.52
Costs to cover: 0.321%
Break-even: 6.5 days

Slippage from tradeXYZ: live order book, 5 min ago; GRVT: live order book, 42 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, 5 min ago	0.14 bp	9.6 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell GRVT live order book, 42 min ago	1.25 bp	7.2 bp −$7	11.1 bp −$111	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	358.00	−0.245%	$516K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	359.14	+0.072%	$11.5M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.23	+0.098%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.99	+0.031%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.20	+0.089%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	359.17	+0.081%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.32	+0.123%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.26	+0.106%	$2.7M	$107K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0001%	1h	358.94	+0.017%	$25K	$148K	10x	as long as short
Variational Omni GOOGL	+0.0009%	8h	359.20	+0.090%	$5.0M	$2.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.82	−0.016%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	359.10	+0.061%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.490%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.21	+0.092%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.06	+0.050%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	358.88	long leg	$98.4M	$21.5M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	359.01	+0.036%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.87	−0.003%	$109	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.71	−0.047%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	359.05	+0.047%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0064%	8h	358.96	+0.022%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0074%	1h	358.93	+0.013%	$553K	$80K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.93	+0.014%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0085%	8h	359.19	+0.086%	$73.2M	$141.7M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	359.08	+0.054%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	359.07	+0.054%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.80	−0.022%	$3.0M	$230K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.93	+0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	359.08	+0.056%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	359.04	+0.045%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.97	+0.025%	$138K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.93	+0.014%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	359.10	+0.061%	$2.0M	$2.2M	20x	as long as short
GRVT GOOGL_USDT_Perpshort	+0.0203%	8h	359.25	+0.103%	$23K	$446K	10x
BloFin GOOGL-USDT	+0.0204%	8h	359.22	+0.095%	$689K	$241K	20x	as long as short
edgeX GOOGLUSDC	+0.0966%	4h	359.19	+0.085%	$210K	$1.2M	10x	as long as short