Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.006%

Price spread now: ApeX Omni against Variational Omni−0.060%103s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. ApeX Omni is 0.060% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). The two prices were read 103 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	Variational Omni GOOGL	357.35	0	get 0.0000% / 8h	33m 43s	$4.8M	$2.4M	—
Short	ApeX Omni GOOGLUSDT	357.13	0.0100	get 0.0013% / 1h	33m 43s	$22K	$10K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.060%Rate

Funding earned: $21
Price spread: −0.060% → 0.000%: −$6.03
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $4.97
Costs to cover: 0.100%
Break-even: 5.3 days

Slippage unknown: Variational Omni: RFQ quote, just now; ApeX Omni: no order-book sample. 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 Variational Omni RFQ quote, just now	2.62 bp	doesn't fit	13.7 bp −$137	doesn't fit	doesn't fit
Sell ApeX Omni no order-book sample	—	—	—	—	—

ApeX Omni: 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 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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	356.60	−0.209%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.41	+0.018%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.35	+0.001%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.51	+0.046%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	357.35	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.42	+0.021%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.54	+0.054%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.30	−0.013%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.068%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.51	+0.046%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0009%	1h	357.34	−0.001%	$550K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.48	+0.039%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.23	−0.032%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.37	+0.007%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.36	+0.005%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.063%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.39	+0.013%	$1.3M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.46	+0.032%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.18	−0.046%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.57	+0.063%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.27	−0.021%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.24	−0.029%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.31	−0.010%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.088%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.42	+0.021%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0062%	8h	356.99	−0.099%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.23	−0.032%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDTshort	+0.0100%	1h	357.13	−0.060%	$22K	$10K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.33	−0.004%	$10K	$11K	20x	as long as short
Bybit GOOGLUSDT	+0.0102%	8h	357.51	+0.046%	$11.5M	$7.9M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.38	+0.010%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.08	−0.074%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.20	−0.041%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0144%	8h	357.46	+0.032%	$687K	$236K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.43	+0.024%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDC	+0.0627%	4h	357.28	−0.018%	$208K	$1.2M	10x	as long as short