Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h −0.038%

Price spread now: Polymarket Perps against Binance−0.048%7-day average −0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days−0.052%−$5 · spread now −0.048%, 7d avg −0.097%

Together, before fees−0.054%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.050% dearer against Binance than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.097%): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.002% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.15	0.0061	pay 0.0061% / 8h	1h 51m	$72.1M	$143.6M	50x
Short	Polymarket Perps GOOG-USD	356.98	0.0050	get 0.0006% / 1h	51m 19s	$685K	$430K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$2.21
Price spread: −0.048% → −0.097%: $4.95
Slippage, 4 orders: −$5.92
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.18
Costs to cover: 0.239%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Polymarket Perps: live order book, 57 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, 7 min ago	0.14 bp	5.3 bp −$5	7.6 bp −$76	26.0 bp −$2,601	doesn't fit
Sell Polymarket Perps live order book, 57 min ago	2.10 bp	6.1 bp −$6	7.3 bp −$73	8.8 bp −$878	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	356.88	−0.076%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.02	−0.036%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.99	−0.045%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.017%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.09	−0.016%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.008%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	0.000%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.81	−0.095%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.22	+0.020%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.25	+0.028%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.063%	$554K	$88K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.22	+0.020%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.09	−0.017%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	−0.034%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.26	+0.031%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.95	−0.056%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.073%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	+0.028%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.91	−0.067%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	356.98	−0.048%	$685K	$430K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.91	−0.067%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.087%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.06	−0.025%	$293	$253	5x	as long as short
Binance GOOGLUSDTlong	+0.0061%	8h	357.15	long leg	$72.1M	$143.6M	50x
Extended GOOGL-USD	+0.0064%	1h	357.05	−0.027%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	−0.062%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.95	−0.057%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.70	−0.126%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.91	−0.067%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.041%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0176%	1h	357.12	−0.008%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.13	−0.006%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.16	+0.003%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0703%	4h	357.11	−0.011%	$208K	$1.2M	10x	as long as short