Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0041%/8h= −4.5% APRpaid last 24h +0.011%

Price spread now: Bitget against tradeXYZ+0.045%7-day average +0.093% · 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−$40as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.045%, 7d avg +0.093%

Together, before fees−0.001%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.048% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.093%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.08	0.0050	pay 0.0006% / 1h	14m 46s	$98.9M	$22.6M	20x
Short	Bitget GOOGLUSDT	357.24	0.0009	get 0.0009% / 8h	6h 14m	$17.0M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$8.61
Price spread: +0.045% → +0.093%: −$4.84
Slippage, 4 orders: −$4.8
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.25
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 5 min ago; Bitget: live order book, 4 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 tradeXYZ live order book, 5 min ago	0.14 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.14 bp	6.8 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit

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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.92	−0.045%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0022%	1h	357.09	+0.002%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.16	+0.022%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.15	+0.019%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	−0.008%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.25	+0.048%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	−0.014%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.18	+0.028%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.21	+0.036%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.86	−0.060%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDTshort	+0.0009%	8h	357.24	+0.045%	$17.0M	$9.3M	100x
Lighter RH GOOGL	+0.0032%	1h	357.28	+0.056%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.011%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.13	+0.014%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.93	−0.042%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.33	+0.070%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.08	long leg	$98.9M	$22.6M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.048%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.12	+0.011%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.098%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0054%	8h	357.14	+0.018%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.22	+0.038%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.17	+0.026%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.25	+0.048%	$72.8M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0080%	1h	357.27	+0.053%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	+0.017%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0091%	8h	357.31	+0.064%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.98	−0.028%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.78	−0.084%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	−0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.10	+0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.04	−0.012%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.10	+0.006%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0165%	8h	357.18	+0.028%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0399%	4h	357.01	−0.018%	$208K	$1.2M	10x	as long as short