Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.041%

Price spread now: Coinbase International against Binance−0.078%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.078%, 7d avg −0.135%

Together, before fees−0.117%−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.057% dearer against Binance than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.135%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.32	0.0077	pay 0.0077% / 8h	2h 24m	$72.1M	$143.8M	50x
Short	Coinbase International GOOGL-PERP-INTX	357.04	0.0016	get 0.0002% / 1h	24m 14s	$519K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$12.82
Price spread: −0.078% → −0.135%: $5.68
Slippage, 4 orders: −$7.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$34.67
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

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 Binance live order book, 4 min ago	0.14 bp	5.1 bp −$5	7.8 bp −$78	26.2 bp −$2,617	doesn't fit
Sell Coinbase International live order book, 4 min ago	2.10 bp	7.4 bp −$7	10.4 bp −$104	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
Nado GOOGL-PERP	−0.0008%	1h	357.15	−0.046%	$557K	$86K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.19	−0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.33	+0.003%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.06	−0.072%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.35	+0.009%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.09	−0.064%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.43	+0.031%	$115K	$214K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.36	+0.012%	$2.7M	$87K	10x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.24	−0.023%	$4.8M	$2.4M	—	as long as short
OKX GOOGL-USDT-SWAP	+0.0012%	8h	357.28	−0.011%	$13.7M	$12.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTXshort	+0.0016%	1h	357.04	−0.078%	$519K	$1.1M	10x
Aftermath Perps GOOGLUSD	+0.0021%	1h	356.97	−0.098%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.27	−0.013%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.055%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.93	−0.109%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.38	+0.017%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.23	−0.025%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.08	−0.067%	$98.2M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	−0.078%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.08	−0.067%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.90	−0.117%	$2.3M	$4.8M	15x	as long as short
Aster GOOGLUSDT	+0.0057%	8h	357.41	+0.026%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.27	−0.014%	$293	$253	5x	as long as short
Binance GOOGLUSDTlong	+0.0077%	8h	357.32	long leg	$72.1M	$143.8M	50x
Extended GOOGL-USD	+0.0080%	1h	357.23	−0.025%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.25	−0.018%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.01	−0.086%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.12	−0.055%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.28	−0.011%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.16	−0.044%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	357.12	−0.055%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.07	−0.069%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0198%	8h	357.32	+0.001%	$687K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0210%	8h	357.39	+0.020%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0623%	4h	357.09	−0.064%	$208K	$1.2M	10x	as long as short