Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.051%

Price spread now: Deribit against Binance−0.062%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.062%, 7d avg −0.052%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, 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	Binance GOOGLUSDT	357.24	0.0030	pay 0.0030% / 8h	48m 30s	$72.0M	$143.4M	50x
Short	Deribit GOOGL_USDC-PERPETUAL	357.02	0	get 0.0000% / 1h	48m 30s	$24K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$6.24
Price spread: −0.062% → −0.052%: −$1.04
Slippage, 4 orders: −$8.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$33.14
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Deribit: live order book, 55 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, 10 min ago	0.14 bp	5.4 bp −$5	7.1 bp −$71	21.4 bp −$2,140	doesn't fit
Sell Deribit live order book, 55 min ago	0.14 bp	3.6 bp −$4	4.7 bp −$47	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	−0.0048%	1h	356.60	−0.180%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	357.03	−0.060%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.22	−0.006%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.10	−0.040%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.31	+0.019%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	−0.041%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.13	−0.031%	$23K	$450K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.24	−0.001%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	357.02	−0.062%	$24K	$157K	10x
HTX GOOGL-USDT	0.0000%	8h	357.36	+0.033%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.19	−0.015%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	357.29	+0.012%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.06	−0.051%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.10	−0.040%	$144K	$45K	10x	as long as short
Binance GOOGLUSDTlong	+0.0030%	8h	357.24	long leg	$72.0M	$143.4M	50x
Lighter RH GOOGL	+0.0032%	1h	357.15	−0.026%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.16	−0.023%	$423K	$2.2M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.034%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.14	−0.029%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.93	−0.087%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	−0.001%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	−0.057%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.93	−0.087%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.07	−0.048%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.83	−0.115%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.15	−0.027%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0066%	8h	356.82	−0.118%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.95	−0.082%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.91	−0.093%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.08	−0.045%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.10	−0.039%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0108%	8h	357.25	+0.002%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.11	−0.037%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0119%	8h	357.21	−0.009%	$690K	$236K	20x	as long as short
Lighter GOOGL	+0.0136%	1h	357.21	−0.009%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0249%	4h	357.08	−0.046%	$208K	$1.2M	10x	as long as short