Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.155%

Price spread now: edgeX against Bybit−0.113%71s7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as 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−$340.339% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.113%, 7d avg −0.045%

Together, before fees+0.130%+ Points / potential airdropedgeX: Active · farm board+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.067% cheaper against Bybit than usual: you would sell low and buy high (spread −0.113% now, against its 7-day average of −0.045%). If the spread goes back, that is −$7 on $10k: about 7 hours of funding at the current rate (+$25 a day). At the pace of the last 7 days (+0.023% in total) that is about 21 days. The two prices were read 71 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% 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	Bybit GOOGLUSDT	357.11	0	get 0.0000% / 8h	7h 20m	$11.5M	$7.4M	100x
Short	edgeX GOOGLUSDC	356.71	0.0820	get 0.0410% / 4h	3h 20m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now −0.113%Rate

Funding earned: $172.26
Price spread: −0.113% → −0.045%: −$6.74
Slippage, 4 orders: −$13.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $131.64
Costs to cover: 0.339%
Break-even: 1.7 days

Slippage from Bybit: live order book, 3 min ago; edgeX: 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 Bybit live order book, 3 min ago	0.28 bp	8.8 bp −$9	15.1 bp −$151	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	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	−0.0080%	1h	356.42	−0.193%	$513K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.15	+0.012%	$367K	$423K	20x	as long as short
Extended GOOGL-USD	0.0000%	1h	357.08	−0.009%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	0.0000%	8h	357.15	+0.012%	$72.3M	$142.0M	50x	as long as short
Bybit GOOGLUSDTlong	0.0000%	8h	357.11	long leg	$11.5M	$7.4M	100x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.06	−0.014%	$13.5M	$13.2M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.03	−0.022%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.20	+0.025%	$17.3M	$9.7M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.07	−0.010%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.76	−0.098%	$23K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX GOOGL-USDT	0.0000%	8h	357.19	+0.022%	$1K	$3.9M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.29	+0.050%	$115K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.28	+0.048%	$2.7M	$92K	10x	as long as short
BloFin GOOGL-USDT	+0.0021%	8h	357.11	0.000%	$691K	$234K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	356.74	−0.104%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.05	−0.017%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.003%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.03	−0.022%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.90	−0.059%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.059%	$209K	$282K	10x	as long as short
Nado GOOGL-PERP	+0.0043%	1h	356.89	−0.063%	$549K	$88K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.20	+0.025%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.90	−0.059%	$98.1M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.76	−0.098%	$684K	$414K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.88	−0.064%	$125	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.80	−0.087%	$2.3M	$4.0M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.02	−0.026%	$293	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	356.98	−0.036%	$24K	$149K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0059%	8h	356.78	−0.092%	$3.0M	$159K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.68	−0.120%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.00	−0.031%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.73	−0.106%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.02	−0.025%	$10K	$12K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.98	−0.038%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0184%	1h	357.08	−0.008%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0820%	4h	356.71	−0.113%	$208K	$1.2M	10x