Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0118%/8h= −12.9% APRpaid last 24h −0.045%

Price spread now: Extended against BloFin−0.130%94s7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$200.199% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$24 on $10k

Price spread, last 3 days (all we have)+0.063%+$6 · spread now −0.130%, 7d avg −0.032%

Together, before fees−0.182%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Extended is 0.098% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 94 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	BloFin GOOGL-USDT	356.70	0.0254	pay 0.0254% / 8h	7h 45m	$688K	$235K	20x
Short	Extended GOOGL-USD	356.24	0.0136	get 0.0017% / 1h	45m 36s	$421K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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 BloFinbpFee ExtendedbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$24.71
Price spread: −0.130% → −0.032%: −$9.75
Slippage, 4 orders: −$2.89
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$54.35
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from BloFin: live order book, 26 min ago; Extended: 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 BloFin live order book, 26 min ago	0.14 bp	6.1 bp −$6	7.0 bp −$70	13.2 bp −$1,323	doesn't fit
Sell Extended live order book, 3 min ago	0.14 bp	3.5 bp −$4	9.4 bp −$94	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	356.28	−0.118%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.52	−0.050%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.17	−0.149%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.53	−0.048%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.62	−0.022%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.44	−0.073%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	−0.003%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDC	+0.0028%	4h	356.60	−0.028%	$210K	$1.2M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.37	−0.093%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	−0.101%	$529K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.118%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	−0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.12	−0.163%	$98.1M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.23	−0.132%	$683K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.23	−0.132%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.97	−0.205%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.40	−0.084%	$1.3M	$4.8M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.34	−0.101%	$33K	—	20x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.40	−0.084%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0075%	1h	356.37	−0.092%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.28	−0.119%	$292	$253	5x	as long as short
Lighter GOOGL	+0.0096%	1h	356.28	−0.118%	$2.1M	$1.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.113%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.94	−0.213%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.46	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.26	−0.123%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.34	−0.102%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	356.39	−0.087%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.58	−0.033%	$364K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0132%	8h	356.31	−0.109%	$73.1M	$142.4M	50x	as long as short
Extended GOOGL-USDshort	+0.0136%	1h	356.24	−0.130%	$421K	$1.7M	20x
Bitget GOOGLUSDT	+0.0138%	8h	356.34	−0.101%	$16.9M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.33	−0.104%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0198%	8h	356.34	−0.101%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDTlong	+0.0254%	8h	356.70	long leg	$688K	$235K	20x
Arcus GOOGL-USD	+0.0306%	1h	356.33	−0.104%	$202K	$271K	10x	as long as short