Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0724%/8h= −79.2% APRpaid last 24h −0.186%

Price spread now: Polymarket Perps against edgeX−0.071%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on edgeX Short on Polymarket Perps

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+0.112%+$11 · spread now −0.071%, 7d avg −0.059%

Together, before fees+0.179%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.059%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.067%, 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 0.067% in total (about 3.5% 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	356.43	0.0774	pay 0.0387% / 4h	2h 57m	$209K	$1.2M	10x
Short	Polymarket Perps GOOG-USD	356.18	0.0050	get 0.0006% / 1h	57m 23s	$683K	$441K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$151.95
Price spread: −0.071% → −0.059%: −$1.18
Slippage, 4 orders: −$12.03
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$182.16
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Polymarket Perps: live order book, 11 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, 1 min ago	3.23 bp	8.1 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	1.54 bp	5.5 bp −$6	6.0 bp −$60	8.1 bp −$807	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	−0.0115%	1h	356.07	−0.102%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.22	−0.060%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0006%	1h	356.25	−0.052%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.34	−0.026%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	+0.005%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.39	−0.012%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.038%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.033%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.18	−0.070%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0016%	8h	356.44	+0.002%	$16.9M	$9.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0027%	8h	356.41	−0.006%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.35	−0.023%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.45	+0.005%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.193%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.33	−0.029%	$1.3M	$4.6M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.22	−0.060%	$202K	$271K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	+0.005%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.19	−0.068%	$98.3M	$22.1M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	356.18	−0.071%	$683K	$441K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.19	−0.068%	$162	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.22	−0.060%	$2.2M	$4.8M	15x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	356.43	−0.001%	$11.5M	$7.5M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.19	−0.068%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.38	−0.016%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0077%	8h	356.58	+0.040%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.32	−0.032%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.41	−0.007%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.38	−0.016%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.11	−0.091%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.052%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.22	−0.060%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.26	−0.050%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	−0.037%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.50	+0.019%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	356.49	+0.016%	$647K	$234K	20x	as long as short
edgeX GOOGLUSDClong	+0.0774%	4h	356.43	long leg	$209K	$1.2M	10x