Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.041%

Price spread now: SoDEX against Bybit−0.081%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. SoDEX is 0.081% cheaper against Bybit than usual: you would sell low and buy high (spread −0.081% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.7 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.81	0.0019	pay 0.0019% / 8h	5h 25m	$11.8M	$7.5M	100x
Short	SoDEX GOOGL-USD	357.52	0.0050	get 0.0006% / 1h	25m 07s	$135	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $6.5
Price spread: −0.081% → 0.000%: −$8.1
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.6
Costs to cover: 0.190%
Break-even: 29.2 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.56 bp	7.8 bp −$8	13.3 bp −$133	doesn't fit	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
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.098%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0051%	1h	357.56	−0.069%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.41	−0.112%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.60	−0.059%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	−0.041%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	−0.020%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	−0.022%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.006%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	−0.014%	$2.7M	$78K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	−0.065%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0018%	8h	357.63	−0.051%	$366K	$458K	20x	as long as short
Bybit GOOGLUSDTlong	+0.0019%	8h	357.81	long leg	$11.8M	$7.5M	100x
QFEX GOOGL-USD	+0.0028%	1h	357.66	−0.042%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	−0.017%	$1.3M	$2.3M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	357.52	−0.081%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.193%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.73	−0.022%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.63	−0.049%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.098%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	−0.006%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.087%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.43	−0.106%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	357.52	−0.081%	$135	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	−0.089%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.69	−0.034%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0074%	8h	357.77	−0.011%	$17.0M	$9.3M	100x	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	357.50	−0.087%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.55	−0.073%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.070%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0109%	8h	357.74	−0.020%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	−0.028%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.77	−0.011%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0151%	8h	357.69	−0.034%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0632%	4h	357.66	−0.041%	$209K	$1.2M	10x	as long as short