Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.012%

Price spread now: Bitget against Coinbase International+0.208%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.208%, 7d avg +0.130%

Together, before fees−0.101%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bitget is 0.078% dearer against Coinbase International than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	356.00	−0.0024	get 0.0003% / 1h	39m 56s	$528K	$1.1M	10x
Short	Bitget GOOGLUSDT	356.74	0	get 0.0000% / 8h	6h 39m	$16.9M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.208%Rate

Funding earned: $5.04
Price spread: +0.208% → +0.130%: $7.79
Slippage, 4 orders: −$9.18
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$18.34
Costs to cover: 0.312%
Break-even: 32.5 days

Slippage from Coinbase International: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	2.24 bp	8.3 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.84 bp	8.0 bp −$8	11.6 bp −$116	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	356.63	+0.177%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0024%	1h	356.00	long leg	$528K	$1.1M	10x
Gate GOOGL_USDT	0.0000%	8h	356.69	+0.194%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	356.74	+0.208%	$16.9M	$9.3M	100x
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.57	+0.160%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.191%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	+0.138%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.86	+0.242%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.202%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0008%	1h	356.55	+0.154%	$556K	$80K	20x	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	356.32	+0.090%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	+0.185%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.77	+0.216%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.315%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.57	+0.160%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.41	+0.115%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.76	+0.213%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.71	+0.199%	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.65	+0.183%	$98.5M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	+0.118%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.62	+0.174%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.35	+0.098%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	356.69	+0.193%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0074%	8h	356.60	+0.169%	$364K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.47	+0.132%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0096%	8h	356.73	+0.206%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.62	+0.173%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.46	+0.130%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.27	+0.076%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.36	+0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.57	+0.160%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.58	+0.162%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0108%	8h	356.91	+0.256%	$11.6M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.83	+0.233%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	+0.132%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0814%	4h	356.62	+0.175%	$209K	$1.2M	10x	as long as short