Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.021%

Price spread now: Variational Omni against SoDEX+0.021%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.021% dearer against SoDEX than usual: you sell high and buy low (spread +0.021% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 34 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX GOOGL-USD	357.54	0.0050	pay 0.0006% / 1h	49m 39s	$147	$46K	10x
Short	Variational Omni GOOGL	357.62	0	get 0.0000% / 8h	5h 49m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SoDEX. 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 SoDEXbpFee Variational OmnibpOrdersPrice spread, now +0.021%Rate

Funding earned: −$10.5
Price spread: +0.021% → 0.000%: $2.11
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.39
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 5 min ago	2.61 bp	doesn't fit	9.1 bp −$91	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit GOOGL_USDC-PERPETUAL	−0.0170%	1h	357.39	−0.042%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0068%	1h	357.53	−0.001%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.070%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.55	+0.003%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.025%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.62	+0.021%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.030%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.059%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.092%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.067%	$2.7M	$75K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.39	−0.042%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0026%	8h	357.84	+0.084%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.022%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.062%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.117%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0037%	8h	357.67	+0.038%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	−0.034%	$203K	$274K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.57	+0.008%	$99.0M	$22.5M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	357.73	+0.053%	$17.0M	$9.3M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	−0.045%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	357.54	long leg	$147	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.31	−0.064%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.74	+0.056%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.66	+0.032%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	357.75	+0.059%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.067%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.017%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.23	−0.087%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	−0.022%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	+0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	+0.003%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	−0.020%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0136%	8h	357.68	+0.039%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	0.000%	$209K	$1.2M	10x	as long as short