Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.151%

Price spread now: Coinbase International against edgeX−0.080%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.080%, 7d avg −0.119%

Together, before fees+0.184%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.038% dearer against edgeX than usual: you sell high and buy low (spread −0.080% now, against its 7-day average of −0.119%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours. Mind the row above: over the last 7 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.097% in total (about 5.0% 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	edgeX GOOGLUSDC	356.53	0.0208	pay 0.0104% / 4h	12m 42s	$210K	$1.2M	10x
Short	Coinbase International GOOGL-PERP-INTX	356.24	0.0008	get 0.0001% / 1h	12m 42s	$530K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$42.02
Price spread: −0.080% → −0.119%: $3.84
Slippage, 4 orders: −$11.56
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$68.74
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; Coinbase International: live order book, 6 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 edgeX live order book, 6 min ago	3.22 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	0.84 bp	8.5 bp −$8	11.3 bp −$113	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	356.45	−0.022%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	+0.023%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	+0.049%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.61	+0.023%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTXshort	+0.0008%	1h	356.24	−0.080%	$530K	$1.1M	10x
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.38	−0.040%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	+0.015%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.166%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	356.58	+0.014%	$23K	$472K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.46	−0.019%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.30	−0.064%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.30	−0.064%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.29	−0.066%	$180	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.103%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0059%	8h	356.56	+0.010%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.49	−0.010%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0088%	8h	356.49	−0.010%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.20	−0.092%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.066%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.34	−0.052%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.44	−0.024%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.49	−0.011%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0109%	8h	356.74	+0.061%	$363K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0112%	1h	356.24	−0.080%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0127%	8h	356.66	+0.037%	$11.5M	$7.8M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.55	+0.007%	$422K	$1.6M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	356.27	−0.072%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0130%	8h	356.61	+0.023%	$73.1M	$143.0M	50x	as long as short
Bitget GOOGLUSDT	+0.0132%	8h	356.56	+0.009%	$16.8M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.29	−0.066%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0180%	8h	356.60	+0.021%	$13.8M	$12.9M	50x	as long as short
edgeX GOOGLUSDClong	+0.0208%	4h	356.53	long leg	$210K	$1.2M	10x
BloFin GOOGL-USDT	+0.0249%	8h	356.57	+0.012%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.34	−0.052%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.54	+0.004%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0452%	1h	356.47	−0.016%	$23K	$152K	10x	as long as short