Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.021%

Price spread now: KuCoin against Deribit−0.053%7-day average −0.028% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$218as in the Price arb table

costs, in and out, $10k−$2152.153% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now −0.053%, 7d avg −0.028%

Together, before fees−0.132%−$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.025% cheaper against Deribit than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.028%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 5 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.093% in total (about -7.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.34	−0.0142	get 0.0018% / 1h	37m 46s	$24K	$155K	10x
Short	KuCoin GOOGLUSDTM	357.15	0.0100	get 0.0100% / 8h	3h 37m	$3.0M	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.053%Rate

Funding earned: $50.74
Price spread: −0.053% → −0.028%: −$2.5
Slippage, 4 orders: −$196.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$167.11
Costs to cover: 2.153%
Break-even: 30.1 days

Slippage from Deribit: live order book, 16 min ago; KuCoin: 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 Deribit live order book, 16 min ago	0.14 bp	7.8 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	7.28 bp	117.6 bp −$118	doesn't fit	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
Deribit GOOGL_USDC-PERPETUALlong	−0.0142%	1h	357.34	long leg	$24K	$155K	10x
Gate GOOGL_USDT	0.0000%	8h	357.53	+0.053%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.63	+0.081%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.51	+0.048%	$987	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.73	+0.109%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.65	+0.087%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERP	+0.0004%	1h	357.49	+0.042%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.064%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.27	−0.019%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.51	+0.048%	$4.8M	$2.4M	—	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	357.68	+0.095%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.49	+0.042%	$23K	$440K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.062%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.25	−0.025%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	+0.112%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.45	+0.031%	$99.2M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	+0.006%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.44	+0.028%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	−0.048%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.50	+0.045%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.78	+0.123%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0098%	8h	357.61	+0.076%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.61	+0.076%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.15	−0.053%	$3.0M	$91K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	−0.022%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.48	+0.039%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0104%	8h	357.62	+0.079%	$72.3M	$141.9M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0104%	8h	357.61	+0.074%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.56	+0.062%	$419K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.50	+0.044%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.44	+0.028%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	−0.003%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.66	+0.090%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0226%	8h	357.58	+0.067%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0236%	8h	357.73	+0.109%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0359%	4h	357.48	+0.039%	$208K	$1.2M	10x	as long as short