Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0170%/8h= −18.6% APRpaid last 24h −0.075%

Price spread now: SoDEX against BloFin−0.067%116s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.067% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 116 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	356.45	0.0220	pay 0.0220% / 8h	6h 59m	$647K	$234K	20x
Short	SoDEX GOOGL-USD	356.21	0.0050	get 0.0006% / 1h	59m 22s	$170	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$35.63
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$62.37
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 7 min ago; SoDEX: no order-book sample. Net counts fees only.

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, 7 min ago	0.14 bp	6.9 bp −$7	8.1 bp −$81	16.7 bp −$1,674	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit GOOGL_USDC-PERPETUAL	−0.0171%	1h	356.06	−0.109%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.22	−0.065%	$528K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.37	−0.022%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.44	−0.003%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.48	+0.008%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.034%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.47	+0.006%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.22	−0.065%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0020%	8h	356.45	0.000%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0027%	8h	356.41	−0.010%	$4.8M	$2.3M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter GOOGL	+0.0032%	1h	356.41	−0.011%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.50	+0.014%	$1.4M	$2.3M	20x	as long as short
Nado GOOGL-PERP	+0.0032%	1h	356.30	−0.042%	$556K	$80K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.188%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	+0.014%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.22	−0.065%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.22	−0.065%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.22	−0.065%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	356.21	−0.067%	$170	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.081%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.36	−0.025%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.43	−0.007%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	356.51	+0.017%	$11.5M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.58	+0.035%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.40	−0.015%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.49	+0.013%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.23	−0.063%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.18	−0.076%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.079%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.28	−0.048%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	−0.036%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	−0.042%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.42	−0.008%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDTlong	+0.0220%	8h	356.45	long leg	$647K	$234K	20x
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.059%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	−0.011%	$209K	$1.2M	10x	as long as short