Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0182%/8h= +20.0% APRpaid last 24h +0.043%

Price spread now: OKX against Deribit+0.098%46s7-day average +0.056% · 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−$290.288% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.050%−$5 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.098%, 7d avg +0.056%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.042% dearer against Deribit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.056%. Mind the row above: over the last 5 days funding on this pair cost −0.050%, so the current rate has only just turned in your favour. The two prices were read 46 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	356.51	0	get 0.0000% / 1h	37m 31s	$23K	$153K	10x
Short	OKX GOOGL-USDT-SWAP	356.86	0.0182	get 0.0182% / 8h	6h 37m	$13.8M	$12.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $38.28
Price spread: +0.098% → +0.056%: $4.24
Slippage, 4 orders: −$11.77
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $13.74
Costs to cover: 0.288%
Break-even: 4.5 days

Slippage from Deribit: live order book, 31 min ago; OKX: live order book, 1 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, 31 min ago	0.14 bp	12.8 bp −$13	15.5 bp −$155	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.14 bp	5.3 bp −$5	9.9 bp −$99	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.40	−0.031%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.036%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.69	+0.050%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.067%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.061%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.71	+0.056%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	356.51	long leg	$23K	$153K	10x
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.093%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.059%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0002%	1h	356.60	+0.025%	$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	356.38	−0.037%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	+0.042%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.77	+0.073%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.171%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.042%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.48	−0.008%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	+0.084%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.75	+0.067%	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.67	+0.045%	$98.6M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	−0.025%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.65	+0.039%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.40	−0.031%	$2.3M	$4.9M	15x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.046%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.75	+0.066%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	356.68	+0.049%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.70	+0.053%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0094%	8h	356.72	+0.060%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.64	+0.037%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.53	+0.005%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.35	−0.045%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	+0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.63	+0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	+0.025%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0118%	8h	356.91	+0.112%	$11.6M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0182%	8h	356.86	+0.098%	$13.8M	$12.8M	50x
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.011%	$651K	$234K	20x	as long as short