Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.026%

Price spread now: Bybit against ApeX Omni+0.106%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Bybit

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bybit is 0.106% dearer against ApeX Omni than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GOOGLUSDT	357.48	0.0100	pay 0.0013% / 1h	35m 30s	$22K	$10K	50x
Short	Bybit GOOGLUSDT	357.86	0.0186	get 0.0186% / 8h	4h 35m	$12.0M	$7.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.106%Rate

Funding earned: $17.98
Price spread: +0.106% → 0.000%: $10.63
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $7.61
Costs to cover: 0.210%
Break-even: 4.0 days

Slippage unknown: ApeX Omni: no order-book sample; Bybit: live order book, 3 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 ApeX Omni no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.14 bp	8.1 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit

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	357.54	+0.017%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.66	+0.050%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	+0.068%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.79	+0.087%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.78	+0.084%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	+0.008%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.112%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.86	+0.106%	$2.7M	$86K	10x	as long as short
Bitget GOOGLUSDT	+0.0005%	8h	357.80	+0.090%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.62	+0.040%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.79	+0.087%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.101%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.011%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	+0.073%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.050%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.52	+0.011%	$99.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.50	+0.006%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	+0.017%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.022%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.55	+0.020%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0057%	8h	357.88	+0.112%	$366K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0077%	8h	357.79	+0.087%	$73.1M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.70	+0.062%	$426K	$1.8M	20x	as long as short
Nado GOOGL-PERP	+0.0094%	1h	357.51	+0.008%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.70	+0.062%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.33	−0.042%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDTlong	+0.0100%	1h	357.48	long leg	$22K	$10K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	+0.003%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.62	+0.038%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.67	+0.054%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.58	+0.028%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.71	+0.064%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDTshort	+0.0186%	8h	357.86	+0.106%	$12.0M	$7.6M	100x
BloFin GOOGL-USDT	+0.0195%	8h	357.74	+0.073%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	+0.081%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0572%	4h	357.70	+0.061%	$209K	$1.2M	10x	as long as short