Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0847%/8h= +92.8% APRpaid last 24h +0.206%

Price spread now: edgeX against Bitget−0.029%7-day average −0.040% · 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−$31as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Bitget Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.029%, 7d avg −0.040%

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 −0.040%, so right now this pair is about funding alone: +$25 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 0.005% in total (about 0.3% 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	Bitget GOOGLUSDT	357.78	0.0009	pay 0.0009% / 8h	4h 37m	$17.5M	$9.6M	100x
Short	edgeX GOOGLUSDC	357.68	0.0856	get 0.0428% / 4h	37m 24s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bitget. 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 BitgetbpFee edgeXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $177.94
Price spread: −0.029% → −0.040%: $1.03
Slippage, 4 orders: −$10.59
Fee Bitget: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $147.38
Costs to cover: 0.316%
Break-even: 1.2 days

Slippage from Bitget: live order book, 1 min ago; edgeX: live order book, 1 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 Bitget live order book, 1 min ago	0.56 bp	7.3 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.21 bp	7.9 bp −$8	10.9 bp −$109	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	357.54	−0.067%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.039%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	−0.020%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.008%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	−0.014%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.84	+0.017%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.025%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.47	−0.087%	$24K	$155K	10x	as long as short
Bitget GOOGLUSDTlong	+0.0009%	8h	357.78	long leg	$17.5M	$9.6M	100x
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.63	−0.042%	$144K	$49K	10x	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	357.73	−0.014%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.184%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.098%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.71	−0.020%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.034%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.54	−0.067%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	−0.075%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.103%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.067%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0055%	8h	357.86	+0.022%	$366K	$457K	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.67	−0.030%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.77	−0.003%	$73.1M	$141.3M	50x	as long as short
Nado GOOGL-PERP	+0.0099%	1h	357.48	−0.084%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.69	−0.026%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.32	−0.129%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.45	−0.092%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.51	−0.075%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.50	−0.078%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.055%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.66	−0.033%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.050%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0114%	8h	357.67	−0.031%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.85	+0.020%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0194%	8h	357.75	−0.008%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	−0.003%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0856%	4h	357.68	−0.029%	$209K	$1.2M	10x