Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.038%

Price spread now: Coinbase International against Binance−0.109%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 2 days (all we have)−0.020%−$2 · spread now −0.109%, 7d avg −0.105%

Together, before fees−0.085%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	356.79	0.0093	pay 0.0093% / 8h	6h 36m	$72.7M	$141.5M	50x
Short	Coinbase International GOOGL-PERP-INTX	356.40	−0.0024	pay 0.0003% / 1h	36m 19s	$529K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.109%Rate

Funding earned: −$24.56
Price spread: −0.109% → −0.105%: −$0.4
Slippage, 4 orders: −$4.65
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$49.6
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Coinbase International: live order book, 2 min ago.

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 Binance live order book, 7 min ago	0.14 bp	5.2 bp −$5	7.6 bp −$76	21.2 bp −$2,124	doesn't fit
Sell Coinbase International live order book, 2 min ago	1.82 bp	6.9 bp −$7	9.1 bp −$91	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-INTXshort	−0.0024%	1h	356.40	−0.109%	$529K	$1.1M	10x
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	−0.042%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.74	−0.014%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.79	0.000%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.017%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	−0.006%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.52	−0.076%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.036%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.003%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	356.59	−0.056%	$556K	$80K	20x	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	+0.0008%	1h	356.47	−0.090%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	−0.014%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.83	+0.011%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.092%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	−0.036%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.084%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.85	+0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.70	−0.025%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	−0.087%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.69	−0.028%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.090%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.79	0.000%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.032%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	−0.007%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.69	−0.027%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.048%	$137K	$36K	20x	as long as short
Binance GOOGLUSDTlong	+0.0093%	8h	356.79	long leg	$72.7M	$141.5M	50x
Extended GOOGL-USD	+0.0096%	1h	356.70	−0.025%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.077%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.38	−0.115%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.65	−0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.61	−0.051%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.96	+0.048%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.93	+0.039%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.090%	$651K	$234K	20x	as long as short