Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.012%

Price spread now: Coinbase International against Bitget−0.078%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now −0.078%, 7d avg −0.130%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.052% dearer against Bitget than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.130%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GOOGLUSDT	357.18	0.0007	pay 0.0007% / 8h	6h 16m	$17.0M	$9.3M	100x
Short	Coinbase International GOOGL-PERP-INTX	356.90	−0.0024	pay 0.0003% / 1h	16m 35s	$524K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$6.51
Price spread: −0.078% → −0.130%: $5.15
Slippage, 4 orders: −$7.99
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$31.35
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Coinbase International: live order book, 2 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 Bitget live order book, 2 min ago	0.14 bp	9.1 bp −$9	11.3 bp −$113	27.3 bp −$2,727	doesn't fit
Sell Coinbase International live order book, 2 min ago	0.14 bp	8.2 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit

GOOGL on 35 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-INTXshort	−0.0024%	1h	356.90	−0.078%	$524K	$1.1M	10x
Nado GOOGL-PERP	−0.0021%	1h	357.09	−0.026%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	−0.020%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	−0.036%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.21	+0.008%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.95	−0.064%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.30	+0.034%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.16	−0.006%	$2.7M	$73K	10x	as long as short
Variational Omni GOOGL	+0.0002%	8h	356.95	−0.065%	$4.8M	$2.4M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.82	−0.102%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDTlong	+0.0007%	8h	357.18	long leg	$17.0M	$9.3M	100x
Lighter RH GOOGL	+0.0032%	1h	357.20	+0.006%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.017%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.10	−0.022%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.078%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	+0.028%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.01	−0.048%	$98.8M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.86	−0.090%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.05	−0.036%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.126%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0055%	8h	357.10	−0.023%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.16	−0.004%	$293	$253	5x	as long as short
Lighter GOOGL	+0.0072%	1h	357.19	+0.003%	$2.1M	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.21	+0.008%	$72.8M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.12	−0.017%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.83	−0.098%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0094%	8h	357.24	+0.017%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.93	−0.071%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.69	−0.137%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	−0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.06	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.051%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.02	−0.045%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0168%	8h	357.17	−0.003%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0399%	4h	357.01	−0.046%	$208K	$1.2M	10x	as long as short