Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h +0.022%

Price spread now: Variational Omni against Vest−0.029%7-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 Variational 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 airdropVest: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Variational Omni is 0.029% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest GOOGL-USD-PERP	357.20	0.0046	pay 0.0006% / 1h	50m 16s	—	$5K	25x
Short	Variational Omni GOOGL	357.10	0	get 0.0000% / 8h	1h 50m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.029%Rate

Funding earned: −$9.59
Price spread: −0.029% → 0.000%: −$2.91
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$14.5
Costs to cover: 0.020%
Break-even: never at this rate

Slippage unknown: Vest: no order-book sample; Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago	2.62 bp	doesn't fit	7.4 bp −$74	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	−0.0024%	1h	356.88	−0.090%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.06	−0.039%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.98	−0.062%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.003%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.10	−0.029%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	−0.006%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	−0.014%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.80	−0.112%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.10	−0.028%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.25	+0.014%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.077%	$554K	$88K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0026%	1h	357.22	+0.006%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.06	−0.039%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.022%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	−0.048%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.27	+0.019%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.95	−0.070%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.087%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERPlong	+0.0046%	1h	357.20	long leg	—	$5K	25x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.90	−0.084%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.95	−0.070%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.90	−0.084%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.101%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.06	−0.040%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.12	−0.022%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.03	−0.049%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	−0.076%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.91	−0.082%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.68	−0.146%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.90	−0.084%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.055%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0176%	1h	357.12	−0.022%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.15	−0.014%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.17	−0.008%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0703%	4h	357.11	−0.025%	$208K	$1.2M	10x	as long as short