Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.041%

Price spread now: Polymarket Perps against Bybit−0.115%47s7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as 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−$300.298% of the position

Long on Bybit Short on Polymarket Perps

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+0.228%+$23 · spread now −0.115%, 7d avg −0.101%

Together, before fees+0.217%+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.101%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 47 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	Bybit GOOGLUSDT	357.81	0.0022	pay 0.0022% / 8h	5h 47m	$11.8M	$7.5M	100x
Short	Polymarket Perps GOOG-USD	357.40	0.0050	get 0.0006% / 1h	47m 40s	$685K	$431K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.115%Rate

Funding earned: $5.89
Price spread: −0.115% → −0.101%: −$1.33
Slippage, 4 orders: −$10.83
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$25.26
Costs to cover: 0.298%
Break-even: 37.0 days

Slippage from Bybit: live order book, 6 min ago; Polymarket Perps: live order book, 15 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, 6 min ago	0.14 bp	8.9 bp −$9	14.5 bp −$145	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 15 min ago	1.54 bp	5.5 bp −$6	6.0 bp −$60	7.3 bp −$725	doesn't fit

GOOGL on 35 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	−0.0365%	1h	357.32	−0.137%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0067%	1h	357.59	−0.060%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.145%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.056%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.054%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	−0.046%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	−0.017%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.020%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	−0.014%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.41	−0.111%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDTlong	+0.0022%	8h	357.81	long leg	$11.8M	$7.5M	100x
QFEX GOOGL-USD	+0.0028%	1h	357.62	−0.053%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.73	−0.022%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.193%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.65	−0.044%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.106%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.075%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	357.40	−0.115%	$685K	$431K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.075%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.120%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.73	−0.024%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0055%	8h	357.71	−0.028%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.62	−0.054%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.54	−0.075%	$33K	—	20x	as long as short
Bitget GOOGLUSDT	+0.0056%	8h	357.71	−0.028%	$17.0M	$9.3M	100x	as long as short
Lighter GOOGL	+0.0096%	1h	357.76	−0.014%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.092%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.32	−0.137%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	−0.098%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.59	−0.061%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	−0.068%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	−0.075%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0135%	8h	357.71	−0.028%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	−0.075%	$209K	$1.2M	10x	as long as short