Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.028%

Price spread now: Deribit against KuCoin+0.073%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2632.628% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.073%, 7d avg +0.028%

Together, before fees+0.054%+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.045% dearer against KuCoin than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.028%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.0 days. Mind the row above: over the last 5 days funding on this pair paid +0.091%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.68	0.0075	pay 0.0075% / 8h	56m 59s	$3.0M	$101K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.94	0	get 0.0000% / 1h	56m 59s	$24K	$157K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$15.75
Price spread: +0.073% → +0.028%: $4.51
Slippage, 4 orders: −$243.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$273.99
Costs to cover: 2.628%
Break-even: never at this rate

Slippage from KuCoin: live order book, 10 min ago; Deribit: live order book, 46 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 KuCoin live order book, 10 min ago	6.03 bp	147.3 bp −$147	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 46 min ago	0.14 bp	3.6 bp −$4	4.7 bp −$47	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	−0.0048%	1h	356.60	−0.022%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0006%	1h	356.92	+0.069%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.08	+0.112%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.02	+0.095%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	+0.140%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.18	+0.141%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.21	+0.148%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.09	+0.115%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.94	+0.073%	$24K	$157K	10x
HTX GOOGL-USDT	0.0000%	8h	357.21	+0.149%	$115K	$210K	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	357.20	+0.146%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0010%	8h	357.24	+0.156%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.06	+0.107%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0032%	8h	357.10	+0.117%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.03	+0.098%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.00	+0.089%	$427K	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.123%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.03	+0.098%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.93	+0.070%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.23	+0.154%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.95	+0.076%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	+0.039%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.95	+0.076%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	+0.076%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.04	+0.101%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.01	+0.093%	$33K	—	20x	as long as short
KuCoin GOOGLUSDTMlong	+0.0075%	8h	356.68	long leg	$3.0M	$101K	20x
Phoenix GOOGL	+0.0090%	1h	357.13	+0.126%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.89	+0.058%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	+0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.99	+0.087%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.94	+0.074%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0115%	8h	357.10	+0.118%	$11.5M	$7.9M	100x	as long as short
Lighter GOOGL	+0.0120%	1h	357.07	+0.109%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0127%	8h	357.16	+0.135%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0128%	4h	357.21	+0.150%	$208K	$1.2M	10x	as long as short