Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.002%

Price spread now: GRVT against Vest−0.022%63s7-day average — · you buy dearer than you sell

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

Long on Vest Short on GRVT

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 airdropVest: Active · GRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.022% cheaper against Vest than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 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	Vest GOOGL-USD-PERP	357.86	0.0046	pay 0.0006% / 1h	30m 21s	—	$5K	25x
Short	GRVT GOOGL_USDT_Perp	357.78	0	get 0.0000% / 8h	5h 30m	$23K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Vest. 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 VestbpFee GRVTbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$9.59
Price spread: −0.022% → 0.000%: −$2.16
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$22.75
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; GRVT: live order book, 32 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 Vest no order-book sample	—	—	—	—	—
Sell GRVT live order book, 32 min ago	0.56 bp	5.8 bp −$6	10.1 bp −$101	doesn't fit	doesn't fit

Vest: 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
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.112%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0054%	1h	357.62	−0.067%	$558K	$81K	20x	as long as short
Hotstuff GOOGL-PERP	−0.0032%	1h	357.53	−0.092%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.67	−0.053%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	−0.041%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	357.78	−0.022%	$23K	$437K	10x
SunX GOOGL-USDT	0.0000%	8h	357.79	−0.020%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.59	−0.075%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.94	+0.022%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.86	0.000%	$2.7M	$76K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0003%	1h	357.58	−0.079%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0014%	8h	357.95	+0.025%	$11.8M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0021%	8h	357.66	−0.056%	$366K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	−0.056%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.78	−0.022%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.207%	$128K	$45K	30x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.71	−0.042%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.49	−0.103%	$208K	$277K	10x	as long as short
Binance GOOGLUSDT	+0.0041%	8h	357.81	−0.014%	$72.9M	$141.2M	50x	as long as short
Vest GOOGL-USD-PERPlong	+0.0046%	1h	357.86	long leg	—	$5K	25x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.61	−0.070%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.52	−0.095%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.59	−0.075%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.56	−0.084%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.74	−0.034%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	357.79	−0.020%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.53	−0.092%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.49	−0.103%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.63	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.72	−0.039%	$10K	$10K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.81	−0.014%	$2.1M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.66	−0.056%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.64	−0.061%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.75	−0.031%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0161%	8h	357.69	−0.048%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0514%	4h	357.77	−0.027%	$209K	$1.2M	10x	as long as short