Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.064%

Price spread now: Deribit against BloFin−0.067%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.115%−$11 on $10k

Price spread, last 3 days (all we have)+0.008%+$1 · spread now −0.067%, 7d avg −0.051%

Together, before fees−0.107%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	356.31	0.0233	pay 0.0233% / 8h	7h 23m	$690K	$234K	20x
Short	Deribit GOOGL_USDC-PERPETUAL	356.07	0	get 0.0000% / 1h	23m 12s	$23K	$153K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$48.86
Price spread: −0.067% → −0.051%: −$1.64
Slippage, 4 orders: −$10.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$79.8
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; Deribit: live order book, 50 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 BloFin live order book, 48 min ago	0.14 bp	6.1 bp −$6	7.0 bp −$70	13.2 bp −$1,323	doesn't fit
Sell Deribit live order book, 50 min ago	0.14 bp	3.6 bp −$4	7.2 bp −$72	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
Hotstuff GOOGL-PERP	−0.0032%	1h	356.16	−0.042%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.28	−0.008%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.53	+0.061%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.26	−0.014%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.07	−0.067%	$23K	$153K	10x
HTX GOOGL-USDT	0.0000%	8h	356.43	+0.034%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.095%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.16	−0.041%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.31	0.000%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.129%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.23	−0.022%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0046%	1h	356.05	−0.073%	$556K	$80K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.30	−0.003%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0049%	8h	356.48	+0.047%	$4.8M	$2.3M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.10	−0.059%	$98.2M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.070%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.11	−0.056%	$177	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.045%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.19	−0.034%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0076%	8h	356.26	−0.015%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	356.42	+0.031%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0092%	8h	356.43	+0.035%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0099%	8h	356.35	+0.011%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.04	−0.077%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.112%	$3.0M	$64K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.30	−0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.11	−0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.14	−0.049%	$25K	—	10x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.16	−0.042%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0113%	8h	356.26	−0.013%	$72.8M	$142.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	+0.028%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0191%	8h	356.41	+0.028%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDTlong	+0.0233%	8h	356.31	long leg	$690K	$234K	20x
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.020%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0538%	4h	356.48	+0.047%	$209K	$1.2M	10x	as long as short