Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.025%

Price spread now: Injective against Binance−0.165%77s7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.307% of the position

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.165%, 7d avg +0.041%

Together, before fees+0.055%+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.206% cheaper against Binance than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.041%. The two prices were read 77 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	Binance GOOGLUSDT	357.71	0.0026	pay 0.0026% / 8h	10m 06s	$72.1M	$143.3M	50x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	10m 06s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.165%Rate

Funding earned: $1.53
Price spread: −0.165% → +0.041%: −$20.57
Slippage, 4 orders: −$20.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$49.76
Costs to cover: 0.307%
Break-even: 234.1 days

Slippage from Binance: live order book, 3 min ago; Injective: live order book, 29 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, 3 min ago	0.14 bp	5.3 bp −$5	7.9 bp −$79	23.9 bp −$2,388	doesn't fit
Sell Injective live order book, 29 min ago	9.93 bp	9.9 bp −$10	9.9 bp −$99	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	357.09	−0.173%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.52	−0.054%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.68	−0.008%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.028%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.022%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	−0.006%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.71	+0.001%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.006%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	−0.056%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.034%	$115K	$209K	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	357.77	+0.017%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.79	+0.022%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.61	−0.029%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.61	−0.027%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDTlong	+0.0026%	8h	357.71	long leg	$72.1M	$143.3M	50x
Lighter RH GOOGL	+0.0032%	1h	357.62	−0.025%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.165%	$128K	$45K	30x
QFEX GOOGL-USD	+0.0035%	1h	357.64	−0.020%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.064%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.17	−0.151%	$3.0M	$108K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.82	+0.031%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.49	−0.062%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.48	−0.064%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.073%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.050%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.109%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.66	−0.015%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0078%	8h	357.69	−0.006%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.069%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	−0.042%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.045%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0107%	8h	357.60	−0.031%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.69	−0.006%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.034%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0365%	4h	357.63	−0.023%	$209K	$1.2M	10x	as long as short