Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.019%

Price spread now: Variational Omni against tradeXYZ+0.014%7-day average +0.083% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days+0.035%+$4 · spread now +0.014%, 7d avg +0.083%

Together, before fees+0.032%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.070% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.10	0.0050	pay 0.0006% / 1h	12m 51s	$98.9M	$22.6M	20x
Short	Variational Omni GOOGL	357.15	0	get 0.0000% / 8h	6h 12m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: −$10.5
Price spread: +0.014% → +0.083%: −$6.96
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.46
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 7 min ago; Variational Omni: RFQ quote, 1 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 tradeXYZ live order book, 7 min ago	0.14 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	9.0 bp −$90	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	356.86	−0.067%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0022%	1h	357.04	−0.016%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	+0.003%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.15	+0.014%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.22	+0.034%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	+0.036%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.02	−0.022%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.25	+0.042%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.28	+0.050%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.94	−0.044%	$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 GOOGLUSDT	+0.0013%	8h	357.24	+0.039%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	357.08	−0.006%	$33K	—	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.031%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.006%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.13	+0.008%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.98	−0.034%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.26	+0.045%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.10	long leg	$98.9M	$22.6M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.053%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.10	0.000%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.067%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0053%	8h	357.08	−0.005%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.17	+0.019%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.15	+0.014%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0074%	8h	357.24	+0.039%	$72.8M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0080%	1h	357.20	+0.028%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.12	+0.006%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0091%	8h	357.32	+0.062%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.039%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.78	−0.090%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.06	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.07	−0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.05	−0.013%	$25K	—	10x	as long as short
edgeX GOOGLUSDC	+0.0160%	4h	357.19	+0.025%	$208K	$1.2M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0163%	8h	357.19	+0.025%	$13.8M	$12.7M	50x	as long as short