Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.054%

Price spread now: Injective against BloFin−0.112%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.288%−$29 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.112%, 7d avg +0.043%

Together, before fees−0.207%−$21 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Injective is 0.154% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	357.52	0.0228	pay 0.0228% / 8h	3h 40m	$693K	$234K	20x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	40m 41s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.112%Rate

Funding earned: −$40.96
Price spread: −0.112% → +0.043%: −$15.45
Slippage, 4 orders: −$21.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$89.57
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from BloFin: live order book, 56 min ago; Injective: live order book, 13 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, 56 min ago	0.14 bp	6.4 bp −$6	7.3 bp −$73	15.3 bp −$1,527	doesn't fit
Sell Injective live order book, 13 min ago	10.20 bp	10.2 bp −$10	10.2 bp −$102	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	357.43	−0.025%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.56	+0.011%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.025%	$966	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.32	−0.056%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.68	+0.045%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.55	+0.008%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.115%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0026%	1h	357.43	−0.025%	$558K	$80K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	357.19	−0.092%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.51	−0.002%	$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	357.54	+0.006%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	−0.022%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.112%	$128K	$45K	30x
Arcus GOOGL-USD	+0.0040%	1h	357.21	−0.087%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.64	+0.034%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	−0.050%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.32	−0.056%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.34	−0.050%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	−0.098%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.45	−0.020%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0089%	8h	357.78	+0.072%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	−0.008%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.103%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.43	−0.025%	$10K	$11K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0103%	8h	357.50	−0.006%	$13.8M	$12.4M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.38	−0.039%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.52	0.000%	$72.5M	$141.6M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0108%	8h	357.54	+0.007%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.42	−0.028%	$419K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	357.41	−0.031%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	−0.053%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDTlong	+0.0228%	8h	357.52	long leg	$693K	$234K	20x
Lighter GOOGL	+0.0232%	1h	357.52	0.000%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0240%	8h	357.62	+0.028%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0523%	4h	357.44	−0.022%	$208K	$1.2M	10x	as long as short