Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h −0.015%

Price spread now: SunX against Coinbase International+0.129%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1131.127% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.129%, 7d avg +0.136%

Together, before fees−0.070%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.136%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	357.29	−0.0064	get 0.0008% / 1h	49m 41s	$523K	$1.1M	10x
Short	SunX GOOGL-USDT	357.75	0	get 0.0000% / 8h	5h 49m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.129%Rate

Funding earned: $13.44
Price spread: +0.129% → +0.136%: −$0.71
Slippage, 4 orders: −$94.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$100.01
Costs to cover: 1.127%
Break-even: 59.1 days

Slippage from Coinbase International: live order book, 4 min ago; SunX: live order book, 8 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	0.14 bp	8.3 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell SunX live order book, 8 min ago	44.89 bp	49.4 bp −$49	doesn't fit	doesn't fit	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	−0.0170%	1h	357.39	+0.028%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0068%	1h	357.53	+0.069%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0064%	1h	357.29	long leg	$523K	$1.1M	10x
Hotstuff GOOGL-PERP	−0.0024%	1h	357.55	+0.073%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.095%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.091%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.100%	$23K	$437K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.75	+0.129%	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.162%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.137%	$2.7M	$75K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.39	+0.028%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0026%	8h	357.84	+0.154%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.092%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.132%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.048%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0037%	8h	357.67	+0.108%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	+0.036%	$203K	$274K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.146%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.57	+0.078%	$99.0M	$22.5M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	357.73	+0.123%	$17.0M	$9.3M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	+0.025%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	+0.070%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.31	+0.006%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.74	+0.126%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.66	+0.102%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	357.75	+0.129%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.137%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	+0.053%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.23	−0.017%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	+0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	+0.078%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	+0.073%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	+0.050%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0136%	8h	357.68	+0.109%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	+0.070%	$209K	$1.2M	10x	as long as short