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 +0.049%

Price spread now: OKX against tradeXYZ+0.070%7-day average +0.094% · 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−$34as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on tradeXYZ Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.070%, 7d avg +0.094%

Together, before fees−0.035%+ Points / potential airdroptradeXYZ: Active · farm board−$3 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 OKX is 0.024% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.094%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.15	0.0050	pay 0.0006% / 1h	8m 25s	$98.2M	$21.5M	20x
Short	OKX GOOGL-USDT-SWAP	357.40	0	get 0.0000% / 8h	2h 08m	$13.7M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$10.5
Price spread: +0.070% → +0.094%: −$2.36
Slippage, 4 orders: −$3.31
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee OKX: 5 bp × 2 orders: −$10
Net: −$44.18
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 11 min ago; OKX: 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	0.14 bp	9.5 bp −$9	11.6 bp −$116	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.14 bp	6.4 bp −$6	12.5 bp −$125	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	−0.0022%	1h	357.17	+0.007%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.40	+0.070%	$13.7M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	357.27	+0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.42	+0.076%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.085%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.091%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.45	+0.084%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.19	+0.011%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.48	+0.092%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.54	+0.109%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0016%	1h	357.09	−0.017%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.076%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.036%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.33	+0.050%	$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	357.16	+0.003%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.45	+0.084%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.50	+0.099%	$366K	$426K	20x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.025%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.15	long leg	$98.2M	$21.5M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.14	−0.003%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.21	+0.017%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.011%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.30	+0.043%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.27	+0.033%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.37	+0.062%	$72.1M	$143.7M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.14	−0.004%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.86	−0.081%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.22	+0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.30	+0.041%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.34	+0.053%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.039%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0187%	8h	357.40	+0.070%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.44	+0.081%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.085%	$208K	$1.2M	10x	as long as short