Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0196%/8h= +21.4% APRpaid last 24h +0.041%

Price spread now: Bybit against Polymarket Perps+0.115%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Polymarket Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 7 days−0.022%−$2 · spread now +0.115%, 7d avg +0.104%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.104%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.011% in total (about 0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	357.23	0.0050	pay 0.0006% / 1h	42m 46s	$685K	$429K	10x
Short	Bybit GOOGLUSDT	357.64	0.0246	get 0.0246% / 8h	3h 42m	$12.0M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Polymarket Perps. 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 Polymarket PerpsbpFee BybitbpOrdersPrice spread, now +0.115%Rate

Funding earned: $41.09
Price spread: +0.115% → +0.104%: $1.08
Slippage, 4 orders: −$10.19
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $12.98
Costs to cover: 0.292%
Break-even: 4.8 days

Slippage from Polymarket Perps: live order book, 10 min ago; Bybit: live order book, 5 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 Polymarket Perps live order book, 10 min ago	1.68 bp	7.5 bp −$7	8.4 bp −$84	9.5 bp −$955	doesn't fit
Sell Bybit live order book, 5 min ago	0.14 bp	8.3 bp −$8	11.1 bp −$111	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
Gate GOOGL_USDT	0.0000%	8h	357.40	+0.048%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.59	+0.101%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.50	+0.076%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.21	−0.006%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.52	+0.081%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.081%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.084%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.14	−0.025%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	+0.045%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.52	+0.081%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	+0.059%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.031%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	357.33	+0.028%	$557K	$80K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	−0.028%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.53	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	+0.031%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	357.23	long leg	$685K	$429K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.31	+0.022%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.045%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.38	+0.042%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.62	+0.109%	$366K	$426K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	357.28	+0.014%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	+0.056%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.022%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.24	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.34	+0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	+0.031%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0106%	8h	357.45	+0.062%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.53	+0.085%	$72.5M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.43	+0.055%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0112%	8h	357.46	+0.065%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	+0.028%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	+0.073%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDTshort	+0.0246%	8h	357.64	+0.115%	$12.0M	$7.5M	100x
Lighter GOOGL	+0.0264%	1h	357.50	+0.076%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	−0.015%	$208K	$1.2M	10x	as long as short