Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.015%

Price spread now: QFEX against KuCoin+0.098%7-day average +0.029% · 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−$197as in the Price arb table

costs, in and out, $10k−$2042.040% of the position

Long on KuCoin Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.098%, 7d avg +0.029%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.069% dearer against KuCoin than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of +0.029%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 3 days (−0.002% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.78	0.0100	pay 0.0100% / 8h	6h 14m	$3.0M	$65K	20x
Short	QFEX GOOGL-USD	357.13	0.0039	get 0.0005% / 1h	14m 45s	$1.3M	$4.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$12.85
Price spread: +0.098% → +0.029%: $6.88
Slippage, 4 orders: −$182.01
Fee KuCoin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$209.99
Costs to cover: 2.040%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; QFEX: live order book, 4 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, 3 min ago	6.45 bp	55.9 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 4 min ago	1.26 bp	6.3 bp −$6	6.3 bp −$63	12.0 bp −$1,196	doesn't fit

GOOGL on 35 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	356.92	+0.039%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0022%	1h	357.09	+0.086%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.16	+0.107%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.15	+0.103%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	+0.076%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.25	+0.132%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	+0.070%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.18	+0.112%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.21	+0.121%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.86	+0.024%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0009%	8h	357.24	+0.129%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	+0.140%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.095%	$128K	$45K	30x	as long as short
QFEX GOOGL-USDshort	+0.0039%	1h	357.13	+0.098%	$1.3M	$4.4M	10x
Arcus GOOGL-USD	+0.0040%	1h	356.93	+0.042%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.33	+0.154%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.08	+0.084%	$98.9M	$22.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	+0.036%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.12	+0.095%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.014%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0054%	8h	357.14	+0.102%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.22	+0.122%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.17	+0.110%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.25	+0.132%	$72.8M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0080%	1h	357.27	+0.137%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	+0.101%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0091%	8h	357.31	+0.149%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.98	+0.056%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.78	long leg	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	+0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.10	+0.090%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.04	+0.072%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.10	+0.090%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0165%	8h	357.18	+0.112%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0399%	4h	357.01	+0.066%	$208K	$1.2M	10x	as long as short