Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0104%/8h= −11.4% APRpaid last 24h −0.031%

Price spread now: SunX against Aevo+0.103%7-day average — · you sell dearer than you buy

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

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. SunX is 0.103% dearer against Aevo than usual: you sell high and buy low (spread +0.103% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo GOOGL-PERP	357.37	0.0104	pay 0.0013% / 1h	58m 00s	$25K	—	10x
Short	SunX GOOGL-USDT	357.74	0	get 0.0000% / 8h	4h 58m	$1K	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: −$21.84
Price spread: +0.103% → 0.000%: $10.29
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$35.55
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: no order-book sample; SunX: live order book, 4 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 Aevo no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	44.86 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit

Aevo: 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 exchanges

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	−0.0016%	1h	357.33	−0.012%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.50	+0.036%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.50	+0.036%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.43	+0.016%	$3.7M	$6.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.58	+0.058%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	+0.097%	$5.0M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.77	+0.111%	$12K	$467K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.74	+0.103%	$1K	$3.7M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.33	−0.012%	$29K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.72	+0.097%	$115K	$212K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.71	+0.094%	$2.7M	$116K	10x	as long as short
Nado GOOGL-PERP	+0.0030%	1h	357.37	+0.001%	$553K	$83K	20x	as long as short
Aster GOOGLUSDT	+0.0032%	8h	357.57	+0.055%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.60	+0.064%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.53	+0.044%	$144K	$41K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.071%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.61	+0.067%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.45	+0.023%	$426K	$2.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.45	+0.022%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0049%	8h	357.58	+0.058%	$73.0M	$146.0M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	−0.009%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	+0.002%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.33	−0.012%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.33	−0.012%	$2.3M	$4.0M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.40	+0.008%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.45	+0.022%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.27	−0.030%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.30	−0.020%	$3.0M	$312K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.56	+0.053%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.39	+0.005%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERPlong	+0.0104%	1h	357.37	long leg	$25K	—	10x
Phoenix GOOGL	+0.0134%	1h	357.62	+0.069%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.51	+0.039%	$2.0M	$2.1M	20x	as long as short
BloFin GOOGL-USDT	+0.0169%	8h	357.86	+0.136%	$694K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.36	−0.003%	$212K	$222K	10x	as long as short
edgeX GOOGLUSDC	+0.0657%	4h	357.72	+0.098%	$208K	$1.2M	10x	as long as short