Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.001%

Price spread now: Variational Omni against tradeXYZ−0.060%7-day average +0.082% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.060%, 7d avg +0.082%

Together, before fees+0.113%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$11 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 Variational Omni is 0.142% cheaper against tradeXYZ than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.45	0.0050	pay 0.0006% / 1h	36m 06s	$98.4M	$21.3M	20x
Short	Variational Omni GOOGL	357.24	0	get 0.0000% / 8h	7h 36m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: −$10.5
Price spread: −0.060% → +0.082%: −$14.21
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.71
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 13 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 13 min ago	0.70 bp	10.1 bp −$10	12.0 bp −$120	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	9.7 bp −$97	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	−0.048%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.79	+0.096%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.58	+0.036%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.49	+0.011%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.77	+0.090%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.24	−0.060%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.034%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.55	+0.028%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.45	0.000%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.75	+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	357.69	+0.067%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.64	+0.053%	$72.3M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.56	+0.031%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	+0.008%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.60	+0.042%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.092%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.45	0.000%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.042%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.35	−0.028%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.65	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.45	long leg	$98.4M	$21.3M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.31	−0.039%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.43	−0.006%	$117	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.076%	$2.3M	$4.2M	15x	as long as short
KuCoin GOOGLUSDTM	+0.0057%	8h	357.23	−0.062%	$3.0M	$142K	20x	as long as short
Nado GOOGL-PERP	+0.0058%	1h	357.40	−0.013%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.53	+0.023%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0073%	8h	357.63	+0.050%	$11.5M	$7.6M	100x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.07	−0.106%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0090%	8h	357.63	+0.050%	$686K	$233K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.38	−0.021%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.21	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.52	+0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.45	0.000%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.65	+0.056%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0385%	4h	357.49	+0.012%	$209K	$1.2M	10x	as long as short