Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0102%/8h= +11.1% APRpaid last 24h +0.037%

Price spread now: Binance against Coinbase International+0.081%7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 2 days (all we have)+0.073%+$7 · spread now +0.081%, 7d avg +0.106%

Together, before fees+0.138%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.025% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.081% now, against its 7-day average of +0.106%). If the spread goes back, that is −$2 on $10k: about 20 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.065% in total) that is about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	356.34	0.0032	pay 0.0004% / 1h	47m 06s	$529K	$1.1M	10x
Short	Binance GOOGLUSDT	356.63	0.0134	get 0.0134% / 8h	7h 47m	$73.1M	$142.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now +0.081%Rate

Funding earned: $21.35
Price spread: +0.081% → +0.106%: −$2.48
Slippage, 4 orders: −$6.66
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$7.8
Costs to cover: 0.267%
Break-even: 9.6 days

Slippage from Coinbase International: live order book, 1 min ago; Binance: live order book, 11 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 Coinbase International live order book, 1 min ago	2.81 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.14 bp	5.2 bp −$5	8.0 bp −$80	31.0 bp −$3,105	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
Gate GOOGL_USDT	0.0000%	8h	356.55	+0.059%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.095%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.37	+0.008%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.77	+0.121%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.64	+0.084%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.41	+0.020%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	+0.098%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDC	+0.0028%	4h	356.60	+0.073%	$210K	$1.2M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.093%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	+0.0032%	1h	356.34	long leg	$529K	$1.1M	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.219%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.67	+0.093%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.38	+0.011%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.40	+0.017%	$98.2M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.44	+0.028%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.39	+0.014%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.051%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.56	+0.062%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	+0.081%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0081%	1h	356.44	+0.029%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0094%	8h	356.59	+0.069%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	+0.056%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.16	−0.051%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.46	+0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	+0.053%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.54	+0.055%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	356.59	+0.070%	$2.1M	$1.1M	20x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.74	+0.111%	$365K	$457K	20x	as long as short
Binance GOOGLUSDTshort	+0.0134%	8h	356.63	+0.081%	$73.1M	$142.4M	50x
Extended GOOGL-USD	+0.0136%	1h	356.60	+0.074%	$428K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0142%	8h	356.58	+0.067%	$16.9M	$9.2M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.33	−0.003%	$137K	$48K	20x	as long as short
Bybit GOOGLUSDT	+0.0189%	8h	356.71	+0.104%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0199%	8h	356.67	+0.093%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.70	+0.101%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.42	+0.022%	$202K	$271K	10x	as long as short