Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.3% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni−0.060%73s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. ApeX Omni is 0.060% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 5.0 days of funding at the current rate (+$1 a day). The two prices were read 73 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	Variational Omni GOOGL	356.59	0.0060	pay 0.0060% / 8h	22m 09s	$4.7M	$2.6M	—
Short	ApeX Omni GOOGLUSDT	356.38	0.0100	get 0.0013% / 1h	22m 09s	$21K	$9K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $8.32
Price spread: −0.060% → 0.000%: −$6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$7.68
Costs to cover: 0.100%
Break-even: 13.5 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: no order-book sample. 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 Variational Omni RFQ quote, 2 min ago	2.62 bp	doesn't fit	7.7 bp −$77	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.040%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.59	−0.001%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.25	−0.096%	$22K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.74	+0.041%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.64	+0.013%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.054%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.35	−0.068%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.61	+0.004%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.148%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.52	−0.021%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.60	+0.001%	$23K	$472K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.34	−0.071%	$98.9M	$25.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.29	−0.085%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.33	−0.074%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.14	−0.127%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGLlong	+0.0060%	8h	356.59	long leg	$4.7M	$2.6M	—
QFEX GOOGL-USD	+0.0060%	1h	356.52	−0.021%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0089%	8h	356.54	−0.014%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.28	−0.088%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.077%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDTshort	+0.0100%	1h	356.38	−0.060%	$21K	$9K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	−0.038%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.50	−0.027%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0110%	8h	356.74	+0.042%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0112%	1h	356.33	−0.074%	$559K	$82K	20x	as long as short
Bybit GOOGLUSDT	+0.0118%	8h	356.65	+0.016%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.59	−0.001%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.53	−0.018%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0131%	8h	356.60	+0.002%	$73.1M	$142.9M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	356.34	−0.071%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.31	−0.080%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0172%	8h	356.65	+0.016%	$13.9M	$12.8M	50x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.36	−0.066%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0251%	8h	356.63	+0.010%	$694K	$236K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.58	−0.004%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0417%	4h	356.54	−0.015%	$210K	$1.2M	10x	as long as short