Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h +0.186%

Price spread now: edgeX against Polymarket Perps+0.104%64s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 7 days−0.144%−$14 · spread now +0.104%, 7d avg +0.059%

Together, before fees−0.212%+ Points / potential airdropedgeX: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.045% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.059%): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	356.23	0.0050	pay 0.0006% / 1h	45m 50s	$683K	$440K	10x
Short	edgeX GOOGLUSDC	356.60	0.0028	get 0.0014% / 4h	3h 45m	$210K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$4.61
Price spread: +0.104% → +0.059%: $4.46
Slippage, 4 orders: −$12.21
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$29.36
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 27 min ago; edgeX: 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 Polymarket Perps live order book, 27 min ago	1.82 bp	7.3 bp −$7	8.9 bp −$89	10.0 bp −$995	doesn't fit
Sell edgeX live order book, 3 min ago	3.37 bp	8.0 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	356.32	+0.025%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.52	+0.081%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.17	−0.017%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.53	+0.084%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.62	+0.109%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.44	+0.058%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	+0.129%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0028%	4h	356.60	+0.104%	$210K	$1.2M	10x
Lighter RH GOOGL	+0.0032%	1h	356.42	+0.053%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	+0.031%	$529K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.250%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.15	−0.022%	$98.1M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.23	long leg	$683K	$440K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.23	0.000%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.08	−0.042%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.40	+0.048%	$1.3M	$4.8M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.34	+0.031%	$33K	—	20x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.40	+0.048%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0075%	1h	356.37	+0.040%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0093%	8h	356.46	+0.065%	$292	$253	5x	as long as short
Lighter GOOGL	+0.0096%	1h	356.34	+0.031%	$2.1M	$1.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.51	+0.080%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.95	−0.079%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.46	+0.065%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.26	+0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.34	+0.030%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.60	+0.104%	$364K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.40	+0.048%	$73.1M	$142.4M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.33	+0.027%	$421K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0141%	8h	356.37	+0.039%	$16.9M	$9.3M	100x	as long as short
Bybit GOOGLUSDT	+0.0143%	8h	356.46	+0.065%	$11.5M	$7.7M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.33	+0.028%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0198%	8h	356.40	+0.048%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.70	+0.132%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.41	+0.051%	$202K	$271K	10x	as long as short