Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.019%

Price spread now: tradeXYZ against Variational Omni−0.068%7-day average −0.082% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.068%, 7d avg −0.082%

Together, before fees+0.030%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.082%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.77	0	get 0.0000% / 8h	1h 38m	$4.8M	$2.4M	—
Short	tradeXYZ xyz:GOOGL	356.53	0.0050	get 0.0006% / 1h	38m 08s	$98.0M	$21.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.068%Rate

Funding earned: $10.5
Price spread: −0.068% → −0.082%: $1.45
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6.05
Costs to cover: 0.180%
Break-even: 11.0 days

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; tradeXYZ: live order book, 12 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, 1 min ago	2.62 bp	doesn't fit	7.1 bp −$71	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 12 min ago	0.14 bp	9.5 bp −$9	doesn't fit	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.048%	$511K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	356.53	−0.068%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.71	−0.018%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.59	−0.051%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.82	+0.013%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	356.77	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.83	+0.017%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.71	−0.018%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.079%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.019%	$114K	$212K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	356.89	+0.033%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.60	−0.050%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.64	−0.037%	$1.3M	$2.1M	20x	as long as short
Aster GOOGLUSDT	+0.0033%	8h	357.06	+0.080%	$365K	$424K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.097%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.70	−0.020%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.55	−0.062%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.74	−0.009%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0049%	1h	356.49	−0.080%	$549K	$90K	20x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.53	−0.068%	$98.0M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.53	−0.068%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.53	−0.068%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.46	−0.088%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.67	−0.028%	$292	$253	5x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.73	−0.012%	$72.0M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.62	−0.042%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.63	−0.040%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.066%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.54	−0.065%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.59	−0.051%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.58	−0.054%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	−0.050%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0152%	1h	356.69	−0.023%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0174%	8h	356.81	+0.010%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.83	+0.016%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0924%	4h	356.80	+0.007%	$208K	$1.2M	10x	as long as short