Settings8H · net · $10k
Funding arb · Price arb /

GOOGL

RWAall GOOGL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.3% APRnext payment +$2.04 per $10,000 · paid last 24h +0.020%
Price spread now: Bybit against Variational Omni+0.069%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.039%+$4 on $10k
Price spread, last 7 days−0.068%−$7 · spread now +0.069%, 7d avg +0.016%
Together, before fees−0.029%+ Points / potential airdropVariational Omni: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.053% dearer against Variational Omni than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.016%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.039% in total (about 4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni GOOGL357.230get 0.0000% / 8h2h 16m$4.7M$2.4M
ShortBybit GOOGLUSDT357.480.0204get 0.0204% / 8h2h 16m$12.0M$7.6M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$42.8
Price spread: +0.069% → +0.016%
$5.29
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$37.09
Costs to cover
0.110%
Break-even
0.9 days
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 3 min ago2.62 bpdoesn't fit9.4 bp −$94doesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago0.56 bp8.2 bp −$812.2 bp −$122doesn't fitdoesn't fit

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Deribit GOOGL_USDC-PERPETUAL−0.0058%1h357.05−0.051%$24K$156K10xas long as short
Nado GOOGL-PERP−0.0017%1h357.21−0.007%$557K$86K20xas long as short
Gate GOOGL_USDT0.0000%8h357.22−0.003%$3.6M$7.4M100xas long as short
Bitget GOOGLUSDT0.0000%8h357.33+0.027%$17.3M$9.8M100xas long as short
Variational Omni GOOGLlong0.0000%8h357.23long leg$4.7M$2.4M
GRVT GOOGL_USDT_Perp0.0000%8h357.37+0.039%$23K$447K10xas long as short
SunX GOOGL-USDT0.0000%8h357.36+0.036%$1K$4.1M20xas long as short
HTX GOOGL-USDT0.0000%8h357.42+0.052%$115K$214K30xas long as short
Phemex GOOGLUSDT0.0000%4h357.44+0.058%$2.7M$88K10xas long as short
OKX GOOGL-USDT-SWAP0.0000%8h357.35+0.033%$13.7M$12.8M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOOGL-PERP-INTX+0.0016%1h356.88−0.099%$519K$1.1M10xas long as short
Aftermath Perps GOOGLUSD+0.0020%1h357.14−0.027%$144K$47K10xas long as short
Lighter RH GOOGL+0.0032%1h357.34+0.030%$1.3M$2.1M20xas long as short
Injective GOOGL/USDC PERP+0.0033%1h357.12−0.031%$128K$45K30xas long as short
Arcus GOOGL-USD+0.0040%1h357.09−0.040%$207K$278K10xas long as short
Vest GOOGL-USD-PERP+0.0046%1h357.45+0.061%$5K25xas long as short
QFEX GOOGL-USD+0.0047%1h357.23−0.001%$1.3M$4.3M10xas long as short
tradeXYZ xyz:GOOGL+0.0050%1h357.16−0.020%$98.2M$21.8M20xas long as short
Polymarket Perps GOOG-USD+0.0050%1h357.11−0.034%$685K$430K10xas long as short
SoDEX GOOGL-USD+0.0050%1h357.16−0.020%$159$46K10xas long as short
Ondo Perps GOOGL-USD.P+0.0050%1h356.98−0.071%$2.3M$4.8M15xas long as short
Aster GOOGLUSDT+0.0051%8h357.53+0.083%$366K$426K20xas long as short
Paradex GOOGL-USD-PERP+0.0059%8h357.34+0.029%$293$2535xas long as short
Binance GOOGLUSDT+0.0072%8h357.36+0.036%$72.1M$143.8M50xas long as short
Extended GOOGL-USD+0.0072%1h357.26+0.006%$422K$1.2M20xas long as short
Hotstuff GOOGL-PERP+0.0096%1h357.17−0.017%$33K20xas long as short
Pacifica GOOGL+0.0100%1h357.15−0.022%$42K$39K10xas long as short
KuCoin GOOGLUSDTM+0.0100%8h356.80−0.121%$3.0M$106K20xas long as short
ApeX Omni GOOGLUSDT+0.0100%1h357.15−0.023%$22K$10K50xas long as short
Orderly PERP_GOOGL_USDC+0.0100%8h357.22−0.003%$10K$11K20xas long as short
Aevo GOOGL-PERP+0.0104%1h357.25+0.004%$25K10xas long as short
Lighter GOOGL+0.0112%1h357.35+0.033%$2.0M$1.3M20xas long as short
Phoenix GOOGL+0.0134%1h357.16−0.020%$137K$36K20xas long as short
BloFin GOOGL-USDT+0.0192%8h357.44+0.058%$690K$236K20xas long as short
Bybit GOOGLUSDTshort+0.0204%8h357.48+0.069%$12.0M$7.6M100x
edgeX GOOGLUSDC+0.0749%4h357.24+0.001%$208K$1.2M10xas long as short