Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0048%/8h= +5.2% APRpaid last 24h +0.039%

Price spread now: Binance against QFEX+0.014%53s7-day average +0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.243% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.057%+$6 on $10k

Price spread, last 2 days (all we have)−0.012%−$1 · spread now +0.014%, 7d avg +0.014%

Together, before fees+0.045%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 53 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	QFEX GOOGL-USD	356.19	0.0064	pay 0.0008% / 1h	22m 51s	$1.3M	$4.7M	10x
Short	Binance GOOGLUSDT	356.24	0.0111	get 0.0111% / 8h	7h 22m	$72.8M	$142.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.014%Rate

Funding earned: $9.99
Price spread: +0.014% → +0.014%: $0.05
Slippage, 4 orders: −$4.34
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.3
Costs to cover: 0.243%
Break-even: 17.0 days

Slippage from QFEX: live order book, 6 min ago; Binance: 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 QFEX live order book, 6 min ago	1.40 bp	6.4 bp −$6	7.1 bp −$71	12.8 bp −$1,284	doesn't fit
Sell Binance live order book, 5 min ago	0.14 bp	5.9 bp −$6	8.5 bp −$85	24.5 bp −$2,450	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
Hotstuff GOOGL-PERP	−0.0032%	1h	356.16	−0.008%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.27	+0.022%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.53	+0.095%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.26	+0.020%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.07	−0.034%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.43	+0.067%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.129%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.16	−0.007%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.31	+0.034%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.095%	$528K	$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	+0.261%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.21	+0.006%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0046%	1h	356.05	−0.039%	$556K	$80K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.30	+0.031%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0049%	8h	356.48	+0.080%	$4.8M	$2.3M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.11	−0.022%	$98.2M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.036%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.11	−0.022%	$177	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.011%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USDlong	+0.0064%	1h	356.19	long leg	$1.3M	$4.7M	10x
Paradex GOOGL-USD-PERP	+0.0076%	8h	356.26	+0.019%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	356.42	+0.065%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	356.42	+0.064%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0096%	8h	356.34	+0.042%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.04	−0.043%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.079%	$3.0M	$64K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.30	+0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.11	−0.022%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.14	−0.015%	$25K	—	10x	as long as short
Binance GOOGLUSDTshort	+0.0111%	8h	356.24	+0.014%	$72.8M	$142.0M	50x
Extended GOOGL-USD	+0.0112%	1h	356.17	−0.006%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	+0.062%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0191%	8h	356.41	+0.062%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0233%	8h	356.31	+0.034%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	+0.014%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0538%	4h	356.48	+0.081%	$209K	$1.2M	10x	as long as short