Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0457%/8h= +50.1% APRpaid last 24h +0.186%

Price spread now: edgeX against Deribit+0.076%75s7-day average +0.033% · 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−$290.287% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.300%+$30 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.076%, 7d avg +0.033%

Together, before fees+0.187%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and edgeX is 0.043% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.033%. The two prices were read 75 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	356.96	0	get 0.0000% / 1h	45m 53s	$24K	$156K	10x
Short	edgeX GOOGLUSDC	357.23	0.0457	get 0.0229% / 4h	2h 45m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.076%Rate

Funding earned: $96.07
Price spread: +0.076% → +0.033%: $4.32
Slippage, 4 orders: −$12.71
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $71.69
Costs to cover: 0.287%
Break-even: 1.8 days

Slippage from Deribit: live order book, 3 min ago; edgeX: live order book, 3 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, 3 min ago	0.14 bp	9.2 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	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
Gate GOOGL_USDT	0.0000%	8h	357.15	+0.053%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.27	+0.087%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.27	+0.087%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	356.96	long leg	$24K	$156K	10x
HTX GOOGL-USDT	0.0000%	8h	357.30	+0.095%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.123%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	+0.109%	$24K	$447K	10x	as long as short
Variational Omni GOOGL	+0.0015%	8h	357.17	+0.060%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	+0.064%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.16	+0.055%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.070%	$1.3M	$2.1M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	357.01	+0.014%	$33K	—	20x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.99	+0.009%	$557K	$86K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.03	+0.020%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	+0.070%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0046%	8h	357.15	+0.053%	$13.7M	$12.5M	50x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.16	+0.056%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	+0.022%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.02	+0.017%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.02	+0.017%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.93	−0.008%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.15	+0.052%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	357.40	+0.124%	$366K	$426K	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	357.23	+0.076%	$72.3M	$143.1M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.14	+0.049%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.00	+0.011%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.04	+0.022%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	+0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	+0.048%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.10	+0.038%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	+0.070%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.21	+0.070%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0212%	8h	357.29	+0.092%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0228%	8h	357.34	+0.106%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0457%	4h	357.23	+0.076%	$208K	$1.2M	10x