Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0047%/8h= −5.1% APRpaid last 24h +0.013%

Price spread now: Bitget against QFEX+0.028%7-day average +0.040% · 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−$29as in the Price arb table

costs, in and out, $10k−$280.282% of the position

Long on QFEX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.028%, 7d avg +0.040%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOOGL-USD	357.23	0.0047	pay 0.0006% / 1h	25m 27s	$1.3M	$4.3M	10x
Short	Bitget GOOGLUSDT	357.33	0	get 0.0000% / 8h	2h 25m	$17.3M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.028%Rate

Funding earned: −$9.86
Price spread: +0.028% → +0.040%: −$1.2
Slippage, 4 orders: −$6.15
Fee QFEX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.21
Costs to cover: 0.282%
Break-even: never at this rate

Slippage from QFEX: live order book, 3 min ago; Bitget: 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 QFEX live order book, 3 min ago	1.12 bp	6.1 bp −$6	7.5 bp −$75	14.1 bp −$1,410	doesn't fit
Sell Bitget live order book, 3 min ago	0.28 bp	7.5 bp −$8	11.6 bp −$116	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
Nado GOOGL-PERP	−0.0006%	1h	357.17	−0.018%	$557K	$86K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.17	−0.017%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	357.33	+0.028%	$17.3M	$9.9M	100x
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.06	−0.048%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.29	+0.017%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.06	−0.048%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.35	+0.034%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.15	−0.022%	$2.7M	$87K	10x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.24	+0.002%	$4.8M	$2.4M	—	as long as short
OKX GOOGL-USDT-SWAP	+0.0013%	8h	357.26	+0.008%	$13.7M	$12.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.185%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	356.89	−0.094%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.30	+0.020%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.031%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.88	−0.098%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.36	+0.036%	—	$5K	25x	as long as short
QFEX GOOGL-USDlong	+0.0047%	1h	357.23	long leg	$1.3M	$4.3M	10x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.06	−0.048%	$98.2M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.05	−0.050%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.98	−0.070%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.109%	$2.3M	$4.8M	15x	as long as short
Aster GOOGLUSDT	+0.0058%	8h	357.41	+0.050%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.25	+0.006%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.03	−0.056%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0078%	8h	357.31	+0.022%	$72.1M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.21	−0.006%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.26	+0.008%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.16	−0.020%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	−0.022%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.31	+0.022%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.14	−0.024%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.07	−0.045%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0200%	8h	357.28	+0.014%	$690K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0211%	8h	357.38	+0.042%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0623%	4h	357.09	−0.039%	$208K	$1.2M	10x	as long as short