Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.187%

Price spread now: SunX against edgeX+0.015%74s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1151.146% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.149%−$15 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now +0.015%, 7d avg +0.018%

Together, before fees+0.007%+ Points / potential airdropedgeX: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.149% in total (about -7.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	359.05	0.0245	pay 0.0122% / 4h	2h 01m	$210K	$1.2M	10x
Short	SunX GOOGL-USDT	359.10	0	get 0.0000% / 8h	6h 01m	$1K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$51.43
Price spread: +0.015% → +0.018%: −$0.36
Slippage, 4 orders: −$97.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$166.43
Costs to cover: 1.146%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; SunX: live order book, 10 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, 5 min ago	3.34 bp	8.1 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	44.67 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	358.06	−0.275%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.77	−0.077%	$514K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	359.04	−0.002%	$11.5M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.15	+0.029%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.98	−0.019%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.19	+0.040%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	359.10	+0.015%	$1K	$3.7M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.81	−0.066%	$25K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.19	+0.040%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.14	+0.026%	$2.7M	$111K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0014%	8h	359.10	+0.015%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.90	−0.041%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	359.08	+0.009%	$1.3M	$2.0M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.537%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.22	+0.048%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.01	−0.010%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.86	−0.052%	$98.2M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.94	−0.030%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.79	−0.072%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.75	−0.083%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	359.03	−0.005%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0062%	8h	358.95	−0.028%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0066%	1h	358.97	−0.021%	$553K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.97	−0.021%	$426K	$2.4M	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.89	−0.044%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0081%	8h	359.09	+0.013%	$73.1M	$142.9M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	359.06	+0.003%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.73	−0.088%	$3.0M	$238K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.93	−0.033%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.89	−0.044%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.84	−0.058%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.93	−0.033%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	359.08	+0.009%	$2.0M	$2.2M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0203%	8h	359.30	+0.070%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDT	+0.0204%	8h	359.24	+0.054%	$690K	$242K	20x	as long as short
edgeX GOOGLUSDClong	+0.0245%	4h	359.05	long leg	$210K	$1.2M	10x