Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0415%/8h= +45.4% APRpaid last 24h +0.138%

Price spread now: edgeX against Binance−0.025%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on Binance Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.003%$0 · spread now −0.025%, 7d avg −0.039%

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

The price spread sits at its 7-day average of −0.039%, so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.53	0.0108	pay 0.0108% / 8h	3h 41m	$72.5M	$141.5M	50x
Short	edgeX GOOGLUSDC	357.44	0.0523	get 0.0262% / 4h	3h 41m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $87.14
Price spread: −0.025% → −0.039%: $1.42
Slippage, 4 orders: −$7.96
Fee Binance: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $61.6
Costs to cover: 0.270%
Break-even: 2.1 days

Slippage from Binance: live order book, 2 min ago; edgeX: live order book, 3 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, 2 min ago	0.14 bp	5.4 bp −$5	8.2 bp −$82	22.8 bp −$2,281	doesn't fit
Sell edgeX live order book, 3 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	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
Gate GOOGL_USDT	0.0000%	8h	357.41	−0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.59	+0.017%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.022%	$966	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.32	−0.059%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.68	+0.042%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.55	+0.006%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.117%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0026%	1h	357.43	−0.027%	$558K	$80K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	357.19	−0.094%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	−0.038%	$4.8M	$2.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.53	0.000%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	−0.025%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.115%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.20	−0.092%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.64	+0.031%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.37	−0.045%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.32	−0.059%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.34	−0.053%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.16	−0.103%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.45	−0.022%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0089%	8h	357.77	+0.068%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	−0.010%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.106%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	−0.076%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.43	−0.028%	$10K	$11K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0103%	8h	357.48	−0.014%	$13.8M	$12.4M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.38	−0.042%	$25K	—	10x	as long as short
Binance GOOGLUSDTlong	+0.0108%	8h	357.53	long leg	$72.5M	$141.5M	50x
Paradex GOOGL-USD-PERP	+0.0109%	8h	357.55	+0.005%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.42	−0.031%	$419K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	357.41	−0.034%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	−0.056%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.52	−0.003%	$693K	$234K	20x	as long as short
Lighter GOOGL	+0.0232%	1h	357.52	−0.003%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0243%	8h	357.62	+0.025%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0523%	4h	357.44	−0.025%	$208K	$1.2M	10x