Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h −0.037%

Price spread now: Deribit against Bybit−0.045%7-day average −0.060% · 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−$30as in the Price arb table

costs, in and out, $10k−$310.314% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 3 days (all we have)−0.007%−$1 · spread now −0.045%, 7d avg −0.060%

Together, before fees+0.042%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.58	0	get 0.0000% / 8h	4h 23m	$11.3M	$7.1M	100x
Short	Deribit GOOGL_USDC-PERPETUAL	356.42	0	get 0.0000% / 1h	23m 10s	$23K	$149K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.045%Rate

Funding earned: $0
Price spread: −0.045% → −0.060%: $1.53
Slippage, 4 orders: −$13.4
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$29.87
Costs to cover: 0.314%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; Deribit: live order book, 9 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 Bybit live order book, 9 min ago	0.28 bp	8.6 bp −$9	12.2 bp −$122	doesn't fit	doesn't fit
Sell Deribit live order book, 9 min ago	3.79 bp	7.3 bp −$7	8.8 bp −$88	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
Bybit GOOGLUSDTlong	0.0000%	8h	356.58	long leg	$11.3M	$7.1M	100x
Gate GOOGL_USDT	0.0000%	8h	356.39	−0.053%	$3.6M	$7.2M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.68	+0.029%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.054%	$23K	$521K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.49	−0.025%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.42	−0.045%	$23K	$149K	10x
HTX GOOGL-USDT	0.0000%	8h	356.61	+0.008%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.020%	$2.7M	$59K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0012%	8h	356.55	−0.008%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0015%	8h	356.39	−0.054%	$362K	$482K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	356.47	−0.032%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	356.52	−0.017%	$73.1M	$135.8M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.62	+0.011%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.151%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.53	−0.014%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.66	+0.022%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.39	−0.053%	$98.3M	$25.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.39	−0.053%	$691K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.40	−0.050%	$213	$43K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.076%	$2.2M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.59	+0.003%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	356.44	−0.040%	$556K	$78K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.381%	$518K	$1.0M	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.34	−0.067%	$137K	$48K	20x	as long as short
Bitget GOOGLUSDT	+0.0094%	8h	356.53	−0.014%	$17.1M	$8.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0096%	1h	356.38	−0.056%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.011%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.20	−0.107%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	+0.011%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.47	−0.031%	$11K	$9K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	356.62	+0.011%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.43	−0.041%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0105%	8h	356.51	−0.020%	$700K	$221K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0176%	1h	356.43	−0.042%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.39	−0.053%	$202K	$302K	10x	as long as short
edgeX GOOGLUSDC	+0.0834%	4h	356.80	+0.061%	$208K	$1.1M	10x	as long as short