Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%

Price spread now: Injective against Variational Omni−0.091%61s7-day average +0.055% · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.538%+$54 · spread now −0.091%, 7d avg +0.055%

Together, before fees+0.498%+ Points / potential airdropVariational Omni: Active · farm board+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.146% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.055%). If the spread goes back, that is −$15 on $10k: about 15 days of funding at the current rate (+$1 a day). The two prices were read 61 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	357.45	0	get 0.0000% / 8h	7h 48m	$4.8M	$2.4M	—
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	48m 17s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.091%Rate

Funding earned: $7
Price spread: −0.091% → +0.055%: −$14.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$7.66
Costs to cover: 0.000%
Break-even: 14.7 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Injective: live order book, 50 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 Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	9.5 bp −$95	doesn't fit	doesn't fit
Sell Injective live order book, 50 min ago	9.93 bp	9.9 bp −$10	9.9 bp −$99	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	357.25	−0.055%	$512K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.78	+0.094%	$366K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.73	+0.079%	$13.5M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.60	+0.043%	$3.6M	$7.0M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.77	+0.091%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	357.45	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.47	+0.006%	$23K	$442K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.81	+0.102%	$1K	$3.9M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.57	+0.035%	$115K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.021%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0016%	1h	357.62	+0.049%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0017%	8h	357.69	+0.069%	$72.2M	$141.5M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	357.21	−0.066%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.40	−0.013%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.60	+0.043%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.091%	$128K	$45K	30x
QFEX GOOGL-USD	+0.0039%	1h	357.66	+0.060%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.002%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	+0.065%	—	$5K	25x	as long as short
edgeX GOOGLUSDC	+0.0047%	4h	357.38	−0.020%	$209K	$1.2M	10x	as long as short
KuCoin GOOGLUSDTM	+0.0048%	8h	357.18	−0.074%	$3.0M	$128K	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.25	−0.055%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.43	−0.004%	$124	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.08	−0.102%	$2.3M	$4.4M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.53	+0.023%	$293	$253	5x	as long as short
Nado GOOGL-PERP	+0.0067%	1h	357.40	−0.013%	$550K	$88K	20x	as long as short
BloFin GOOGL-USDT	+0.0071%	8h	357.57	+0.035%	$688K	$234K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0084%	1h	357.48	+0.010%	$98.3M	$21.3M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.01	−0.122%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	−0.022%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.21	−0.066%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	+0.035%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.50	+0.016%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0151%	8h	357.72	+0.077%	$11.5M	$7.7M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0198%	1h	357.55	+0.029%	$24K	$157K	10x	as long as short
Lighter GOOGL	+0.0248%	1h	357.67	+0.063%	$2.0M	$1.3M	20x	as long as short