Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0039%/8h= +4.3% APRpaid last 24h −0.171%

Price spread now: Orderly against edgeX+0.010%71s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 71 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	edgeX GOOGLUSDC	356.68	0.0061	pay 0.0031% / 4h	2h 33m	$209K	$1.2M	10x
Short	Orderly PERP_GOOGL_USDC	356.71	0.0100	get 0.0100% / 8h	6h 33m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.010%Rate

Funding earned: $8.17
Price spread: +0.010% → 0.000%: $0.98
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.85
Costs to cover: 0.150%
Break-even: 12.0 days

Slippage unknown: edgeX: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	3.36 bp	8.1 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 35 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	−0.0255%	1h	356.48	−0.055%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	356.77	+0.027%	$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	−0.0005%	1h	356.71	+0.011%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.79	+0.032%	$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	356.84	+0.046%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.96	+0.080%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.85	+0.049%	$2.7M	$67K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.49	−0.053%	$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	356.77	+0.027%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.54	−0.038%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.94	+0.074%	—	$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	356.54	−0.038%	$684K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.79	+0.032%	$156	$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	356.87	+0.055%	$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	356.84	+0.045%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	356.73	+0.016%	$365K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.79	+0.031%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.015%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	356.86	+0.051%	$72.8M	$141.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.61	−0.018%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.44	−0.066%	$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_USDCshort	+0.0100%	8h	356.71	+0.010%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.68	+0.001%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0127%	8h	357.03	+0.100%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.98	+0.085%	$13.8M	$12.8M	50x	as long as short