Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.011%

Price spread now: Extended against Bybit−0.084%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.084%, 7d avg −0.053%

Together, before fees−0.008%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Extended is 0.032% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.053%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.00	0.0126	pay 0.0126% / 8h	6h 35m	$11.6M	$7.4M	100x
Short	Extended GOOGL-USD	356.70	0.0096	get 0.0012% / 1h	35m 32s	$421K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$6.23
Price spread: −0.084% → −0.053%: −$3.16
Slippage, 4 orders: −$4.88
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$30.28
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.28 bp	7.2 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.14 bp	3.5 bp −$4	11.5 bp −$115	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
Hotstuff GOOGL-PERP	−0.0024%	1h	356.72	−0.078%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.40	−0.168%	$529K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0002%	1h	356.65	−0.098%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.75	−0.070%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.81	−0.053%	$16.9M	$9.2M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.076%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	−0.064%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.52	−0.134%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	−0.022%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	−0.056%	$2.7M	$67K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.47	−0.149%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	−0.073%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.84	−0.045%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.034%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.67	−0.092%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.51	−0.137%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.85	−0.042%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.71	−0.081%	$98.7M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	−0.146%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.69	−0.087%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.51	−0.137%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.81	−0.053%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.091%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.79	−0.058%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	356.70	−0.083%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.106%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	356.82	−0.051%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USDshort	+0.0096%	1h	356.70	−0.084%	$421K	$1.8M	20x
Pacifica GOOGL	+0.0100%	1h	356.56	−0.124%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.40	−0.168%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.57	−0.120%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.65	−0.098%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.61	−0.110%	$25K	—	10x	as long as short
Bybit GOOGLUSDTlong	+0.0126%	8h	357.00	long leg	$11.6M	$7.4M	100x
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.91	−0.025%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.148%	$651K	$234K	20x	as long as short