Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.155%

Price spread now: Extended against edgeX+0.012%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.012%, 7d avg −0.009%

Together, before fees−0.023%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.022% dearer against edgeX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.68	0.0061	pay 0.0031% / 4h	2h 34m	$209K	$1.2M	10x
Short	Extended GOOGL-USD	356.72	0.0088	get 0.0011% / 1h	34m 59s	$421K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.012%Rate

Funding earned: $5.65
Price spread: +0.012% → −0.009%: $2.16
Slippage, 4 orders: −$9.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$15.43
Costs to cover: 0.232%
Break-even: 26.1 days

Slippage from edgeX: live order book, 4 min ago; Extended: 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 edgeX live order book, 4 min ago	3.36 bp	8.1 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.14 bp	3.5 bp −$4	11.5 bp −$115	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-PERPETUAL	−0.0086%	1h	356.53	−0.041%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	356.72	+0.013%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.40	−0.077%	$529K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0002%	1h	356.65	−0.007%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.78	+0.029%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.021%	$16.9M	$9.2M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.015%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	+0.027%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.95	+0.077%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.87	+0.055%	$2.7M	$67K	10x	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	356.50	−0.050%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	+0.018%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.89	+0.060%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.125%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.67	−0.001%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.51	−0.046%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.89	+0.060%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.78	+0.029%	$98.7M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.53	−0.041%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.74	+0.018%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.51	−0.046%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.86	+0.052%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDClong	+0.0061%	4h	356.68	long leg	$209K	$1.2M	10x
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.79	+0.033%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	356.71	+0.011%	$365K	$458K	20x	as long as short
Extended GOOGL-USDshort	+0.0088%	1h	356.72	+0.012%	$421K	$1.8M	20x
Phoenix GOOGL	+0.0090%	1h	356.62	−0.015%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	356.84	+0.048%	$72.7M	$141.5M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.56	−0.033%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.41	−0.074%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.57	−0.029%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.70	+0.007%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.66	−0.004%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0126%	8h	357.00	+0.091%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.94	+0.074%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.057%	$651K	$234K	20x	as long as short