Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h 0.000%

Price spread now: Injective against Variational Omni−0.246%7-day average +0.061% · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.042%−$4 on $10k

Price spread, last 4 days (all we have)+0.329%+$33 · spread now −0.246%, 7d avg +0.061%

Together, before fees+0.287%+ Points / potential airdropVariational Omni: Active · farm board+$29 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.308% cheaper against Variational Omni than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.061%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	358.00	0.0028	pay 0.0028% / 8h	3h 16m	$4.8M	$2.4M	—
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	16m 50s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.246%Rate

Funding earned: $1.17
Price spread: −0.246% → +0.061%: −$30.78
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$29.63
Costs to cover: 0.000%
Break-even: 184.4 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Injective: live order book, 37 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 Variational Omni RFQ quote, 2 min ago	2.61 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell Injective live order book, 37 min ago	10.20 bp	10.2 bp −$10	10.2 bp −$102	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
Gate GOOGL_USDT	0.0000%	8h	357.92	−0.023%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.08	+0.022%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.04	+0.011%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.99	−0.003%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.12	+0.033%	$2.7M	$85K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.80	−0.057%	$24K	$156K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.093%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0018%	1h	357.75	−0.070%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.81	−0.055%	$145K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.98	−0.007%	$24K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGLlong	+0.0028%	8h	358.00	long leg	$4.8M	$2.4M	—
Lighter RH GOOGL	+0.0032%	1h	358.04	+0.011%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.246%	$128K	$45K	30x
Arcus GOOGL-USD	+0.0040%	1h	357.73	−0.076%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.98	−0.006%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.81	−0.054%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.78	−0.062%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.80	−0.057%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.63	−0.104%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.79	−0.059%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.95	−0.015%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.92	−0.022%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	357.78	−0.061%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0084%	8h	357.99	−0.003%	$13.8M	$12.5M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.98	−0.007%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.59	−0.115%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.71	−0.082%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.87	−0.037%	$10K	$11K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.96	−0.012%	$419K	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.92	−0.022%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	358.06	+0.016%	$72.5M	$142.6M	50x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	−0.070%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	358.04	+0.011%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	358.01	+0.002%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	358.12	+0.033%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	−0.004%	$209K	$1.2M	10x	as long as short