Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0517%/8h= +56.6% APRpaid last 24h +0.102%

Price spread now: edgeX against BloFin+0.023%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

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

costs, in and out, $10k−$300.299% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.023%, 7d avg −0.021%

Together, before fees−0.311%+ Points / potential airdropedgeX: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and edgeX is 0.044% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.230%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.230% in total (about -12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	357.61	0.0100	pay 0.0100% / 8h	6m 14s	$687K	$236K	20x
Short	edgeX GOOGLUSDC	357.69	0.0617	get 0.0309% / 4h	6m 14s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $108.64
Price spread: +0.023% → −0.021%: $4.45
Slippage, 4 orders: −$8.85
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $83.23
Costs to cover: 0.299%
Break-even: 1.6 days

Slippage from BloFin: live order book, 10 min ago; edgeX: live order book, 3 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, 10 min ago	0.14 bp	7.7 bp −$8	9.3 bp −$93	15.1 bp −$1,508	doesn't fit
Sell edgeX live order book, 3 min ago	3.21 bp	8.0 bp −$8	11.3 bp −$113	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.145%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0010%	1h	357.37	−0.067%	$550K	$88K	20x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	357.34	−0.076%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.64	+0.008%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.50	−0.031%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.66	+0.014%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.022%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.035%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	0.000%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.42	−0.053%	$24K	$157K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.74	+0.036%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.042%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0002%	8h	357.71	+0.029%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.63	+0.006%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.53	−0.022%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	357.62	+0.002%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.48	−0.036%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.137%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.50	−0.031%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.41	−0.056%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.18	−0.120%	$3.0M	$111K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	+0.020%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.37	−0.067%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.35	−0.073%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.36	−0.070%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.059%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	357.50	−0.030%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	357.58	−0.008%	$11.5M	$7.8M	100x	as long as short
BloFin GOOGL-USDTlong	+0.0100%	8h	357.61	long leg	$687K	$236K	20x
Pacifica GOOGL	+0.0100%	1h	357.33	−0.079%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.36	−0.070%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.44	−0.048%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.56	−0.014%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.55	−0.017%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDCshort	+0.0617%	4h	357.69	+0.023%	$209K	$1.2M	10x