Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.031%

Price spread now: Injective against Gate+0.112%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.112%, 7d avg +0.062%

Together, before fees−0.107%−$11 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 Injective is 0.050% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	356.72	0	get 0.0000% / 8h	1h 41m	$3.6M	$7.5M	100x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	41m 07s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.112%Rate

Funding earned: $7
Price spread: +0.112% → +0.062%: $5.02
Slippage, 4 orders: −$30.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$33.92
Costs to cover: 0.459%
Break-even: 40.9 days

Slippage from Gate: live order book, 2 min ago; Injective: 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 Gate live order book, 2 min ago	1.82 bp	11.5 bp −$12	18.7 bp −$187	doesn't fit	doesn't fit
Sell Injective live order book, 3 min ago	9.94 bp	10.0 bp −$10	10.0 bp −$100	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.034%	$511K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	356.68	−0.011%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.86	+0.039%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	356.72	long leg	$3.6M	$7.5M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.00	+0.078%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.94	+0.062%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.91	+0.053%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.83	+0.031%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.56	−0.045%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.95	+0.064%	$115K	$212K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.03	+0.087%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.65	−0.018%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.78	+0.017%	$1.3M	$2.1M	20x	as long as short
Aster GOOGLUSDT	+0.0033%	8h	357.16	+0.123%	$365K	$424K	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	+0.112%	$128K	$45K	30x
Nado GOOGL-PERP	+0.0034%	1h	356.65	−0.020%	$549K	$90K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.80	+0.022%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.63	−0.025%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.87	+0.042%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.64	−0.022%	$98.0M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.60	−0.034%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	−0.022%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.39	−0.093%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.73	+0.002%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0055%	8h	356.83	+0.031%	$72.0M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.74	+0.006%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.63	−0.025%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.63	−0.026%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.036%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.76	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.66	−0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.67	−0.013%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0144%	1h	356.82	+0.028%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0174%	8h	356.90	+0.050%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	356.90	+0.050%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0400%	4h	356.88	+0.044%	$208K	$1.2M	10x	as long as short