Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni+0.113%103s7-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 Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. Variational Omni is 0.113% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.113% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.8 days. 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	ApeX Omni GOOGLUSDT	356.28	0.0100	pay 0.0013% / 1h	23m 42s	$21K	$9K	50x
Short	Variational Omni GOOGL	356.68	0	get 0.0000% / 8h	4h 23m	$4.3M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.113%Rate

Funding earned: −$21
Price spread: +0.113% → 0.000%: $11.32
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$19.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: ApeX Omni: no order-book sample; Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	2.62 bp	doesn't fit	4.6 bp −$46	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
Bybit GOOGLUSDT	0.0000%	8h	356.61	+0.093%	$11.3M	$7.1M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.47	+0.053%	$3.6M	$7.2M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	356.68	+0.113%	$4.3M	$2.3M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.46	+0.050%	$23K	$523K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.76	+0.135%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.46	+0.051%	$23K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.87	+0.166%	$115K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.79	+0.143%	$2.7M	$58K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0012%	8h	356.56	+0.079%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0015%	8h	356.47	+0.052%	$362K	$482K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	356.56	+0.079%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	356.54	+0.072%	$73.1M	$135.8M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.65	+0.104%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.236%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.77	+0.138%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.88	+0.168%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.43	+0.042%	$98.3M	$25.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.64	+0.101%	$691K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.44	+0.045%	$213	$43K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	+0.008%	$2.2M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.59	+0.087%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0055%	1h	356.77	+0.138%	$557K	$78K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.298%	$518K	$1.0M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.64	+0.101%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.41	+0.036%	$137K	$48K	20x	as long as short
Bitget GOOGLUSDT	+0.0094%	8h	356.56	+0.079%	$17.1M	$8.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0095%	1h	356.21	−0.019%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	+0.074%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.23	−0.014%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDTlong	+0.0100%	1h	356.28	long leg	$21K	$9K	50x
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.57	+0.081%	$11K	$9K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	356.67	+0.109%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.56	+0.080%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0108%	8h	356.66	+0.107%	$700K	$220K	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.67	+0.109%	$202K	$302K	10x	as long as short
edgeX GOOGLUSDC	+0.0940%	4h	356.51	+0.066%	$208K	$1.1M	10x	as long as short