Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.017%

Price spread now: QFEX against Variational Omni−0.016%7-day average −0.029% · you buy dearer than you sell

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

Long on Variational Omni Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.013%−$1 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.016%, 7d avg −0.029%

Together, before fees+0.008%+ Points / potential airdropVariational Omni: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.13	0	get 0.0000% / 8h	2h 07m	$4.6M	$2.6M	—
Short	QFEX GOOGL-USD	356.07	0.0043	get 0.0005% / 1h	7m 07s	$1.3M	$4.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $8.94
Price spread: −0.016% → −0.029%: $1.36
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee QFEX: 5 bp × 2 orders: −$10
Net: $0.3
Costs to cover: 0.100%
Break-even: 6.8 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; QFEX: live order book, 6 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, 2 min ago	2.63 bp	doesn't fit	13.4 bp −$134	doesn't fit	doesn't fit
Sell QFEX live order book, 6 min ago	1.40 bp	6.4 bp −$6	7.0 bp −$70	11.4 bp −$1,143	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	−0.0032%	1h	355.79	−0.094%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.08	−0.014%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.19	+0.018%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.07	−0.016%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	356.13	long leg	$4.6M	$2.6M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	+0.014%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.17	+0.012%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.06	−0.019%	$22K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.27	+0.040%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.22	+0.026%	$2.7M	$64K	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	356.11	−0.005%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.97	−0.045%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0018%	8h	356.17	+0.011%	$72.9M	$141.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.24	+0.032%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.279%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0034%	8h	356.16	+0.010%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USDshort	+0.0043%	1h	356.07	−0.016%	$1.3M	$4.7M	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.26	+0.038%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.99	−0.038%	$97.9M	$25.3M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	356.13	+0.001%	$17.0M	$9.2M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.02	−0.030%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.96	−0.047%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.80	−0.092%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	355.97	−0.044%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.12	−0.002%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.95	−0.049%	$202K	$303K	10x	as long as short
BloFin GOOGL-USDT	+0.0072%	8h	356.09	−0.010%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	355.94	−0.053%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.90	−0.063%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.094%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.069%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.09	−0.010%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.03	−0.027%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.06	−0.019%	$137K	$48K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	356.23	+0.029%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0398%	4h	356.14	+0.005%	$208K	$1.2M	10x	as long as short