Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%

Price spread now: Extended against KuCoin+0.053%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$177as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1801.797% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.088%−$9 · spread now +0.053%, 7d avg +0.018%

Together, before fees−0.060%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.035% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.18	0.0100	pay 0.0100% / 8h	7h 00m	$3.0M	$65K	20x
Short	Extended GOOGL-USD	356.37	0.0096	get 0.0012% / 1h	0m 20s	$421K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$0.84
Price spread: +0.053% → +0.018%: $3.46
Slippage, 4 orders: −$162.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$177.1
Costs to cover: 1.797%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Extended: 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 KuCoin live order book, 2 min ago	5.20 bp	74.0 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	0.14 bp	3.5 bp −$4	10.5 bp −$105	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
Deribit GOOGL_USDC-PERPETUAL	−0.0003%	1h	356.09	−0.025%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.38	+0.056%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.083%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.45	+0.076%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.56	+0.107%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	+0.093%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.20	+0.006%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0023%	8h	356.44	+0.073%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.065%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.43	+0.070%	$2.1M	$1.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.52	+0.095%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	+0.011%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.31	+0.037%	$556K	$80K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.264%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.087%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.22	+0.011%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.21	+0.008%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.24	+0.017%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.21	+0.008%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.36	+0.051%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.43	+0.071%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.59	+0.116%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0078%	8h	356.52	+0.095%	$11.5M	$7.5M	100x	as long as short
Extended GOOGL-USDshort	+0.0096%	1h	356.37	+0.053%	$421K	$1.8M	20x
Binance GOOGLUSDT	+0.0100%	8h	356.45	+0.077%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.26	+0.022%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.18	long leg	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.27	+0.025%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.31	+0.035%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.034%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.24	+0.017%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0180%	8h	356.45	+0.076%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0220%	8h	356.45	+0.076%	$647K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	+0.017%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	+0.065%	$209K	$1.2M	10x	as long as short