Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0015%/8h= −1.6% APRpaid last 24h −0.018%

Price spread now: Polymarket Perps against Binance−0.031%7-day average −0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.031%, 7d avg −0.096%

Together, before fees−0.051%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.066% dearer against Binance than usual: you sell high and buy low (spread −0.031% now, against its 7-day average of −0.096%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.004% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.78	0.0065	pay 0.0065% / 8h	5h 26m	$73.1M	$146.1M	50x
Short	Polymarket Perps GOOG-USD	357.67	0.0050	get 0.0006% / 1h	26m 25s	$685K	$426K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$3.14
Price spread: −0.031% → −0.096%: $6.56
Slippage, 4 orders: −$5.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.18
Costs to cover: 0.236%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Polymarket Perps: live order book, 20 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	6.3 bp −$6	8.2 bp −$82	27.2 bp −$2,721	doesn't fit
Sell Polymarket Perps live order book, 20 min ago	1.96 bp	6.0 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.47	−0.087%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.126%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.69	−0.025%	$11.6M	$7.9M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.76	−0.006%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.67	−0.031%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.83	+0.014%	$17.4M	$10.0M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.82	+0.011%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.84	+0.017%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.96	+0.050%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.90	+0.034%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.68	−0.028%	$144K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.78	0.000%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.184%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.78	0.000%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0048%	8h	357.81	+0.008%	$367K	$420K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.51	−0.075%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	357.67	−0.031%	$685K	$426K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.55	−0.064%	$105	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.103%	$2.3M	$4.0M	15x	as long as short
GRVT GOOGL_USDT_Perp	+0.0054%	8h	357.91	+0.036%	$12K	$467K	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.72	−0.017%	$1.2M	$4.1M	10x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.70	−0.021%	$428K	$2.4M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.64	−0.040%	$293	$253	5x	as long as short
Binance GOOGLUSDTlong	+0.0065%	8h	357.78	long leg	$73.1M	$146.1M	50x
Pacifica GOOGL	+0.0100%	1h	357.43	−0.097%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.38	−0.112%	$3.0M	$278K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.067%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.67	−0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.64	−0.038%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0109%	1h	357.53	−0.071%	$552K	$83K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.69	−0.025%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.77	−0.003%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0185%	8h	357.82	+0.011%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.54	−0.067%	$212K	$226K	10x	as long as short
edgeX GOOGLUSDC	+0.0233%	4h	357.81	+0.008%	$208K	$1.2M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0309%	1h	357.69	−0.025%	$29K	$151K	10x	as long as short