Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0144%/8h= +15.7% APRpaid last 24h +0.087%

Price spread now: BloFin against Deribit+0.056%117s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.265% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.056%, 7d avg +0.055%

Together, before fees+0.130%+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 117 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	Deribit GOOGL_USDC-PERPETUAL	357.26	0	get 0.0000% / 1h	33m 20s	$24K	$157K	10x
Short	BloFin GOOGL-USDT	357.46	0.0144	get 0.0144% / 8h	33m 20s	$687K	$236K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $30.17
Price spread: +0.056% → +0.055%: $0.09
Slippage, 4 orders: −$7.53
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.73
Costs to cover: 0.265%
Break-even: 6.1 days

Slippage from Deribit: live order book, 5 min ago; BloFin: live order book, 48 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 Deribit live order book, 5 min ago	0.14 bp	8.9 bp −$9	11.0 bp −$110	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	0.70 bp	7.3 bp −$7	8.7 bp −$87	16.8 bp −$1,677	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.048%	$512K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.41	+0.042%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.35	+0.025%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.53	+0.076%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.35	+0.024%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.40	+0.039%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.46	+0.056%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	357.26	long leg	$24K	$157K	10x
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.092%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.51	+0.070%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0007%	1h	357.35	+0.025%	$550K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.50	+0.066%	$366K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.25	−0.003%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.37	+0.031%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.36	+0.029%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.039%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.36	+0.028%	$1.3M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.46	+0.056%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.18	−0.022%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.55	+0.081%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.27	+0.003%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	−0.011%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.27	+0.003%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.064%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.42	+0.045%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0062%	8h	356.99	−0.076%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.23	−0.008%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.25	−0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.31	+0.014%	$10K	$11K	20x	as long as short
Bybit GOOGLUSDT	+0.0102%	8h	357.47	+0.059%	$11.5M	$7.9M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.33	+0.020%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.27	+0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.08	−0.050%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDTshort	+0.0144%	8h	357.46	+0.056%	$687K	$236K	20x
Lighter GOOGL	+0.0144%	1h	357.43	+0.048%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDC	+0.0627%	4h	357.28	+0.006%	$208K	$1.2M	10x	as long as short