Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h −0.019%

Price spread now: Extended against Bybit−0.035%7-day average −0.051% · 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−$22as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days−0.049%−$5 · spread now −0.035%, 7d avg −0.051%

Together, before fees−0.054%+ Points / potential airdropExtended: Active · farm board−$5 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.62	0.0075	pay 0.0075% / 8h	2m 39s	$11.5M	$7.8M	100x
Short	Extended GOOGL-USD	357.49	0.0024	get 0.0003% / 1h	2m 39s	$427K	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$10.65
Price spread: −0.035% → −0.051%: $1.61
Slippage, 4 orders: −$7.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$32.22
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; Extended: live order book, 1 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, 6 min ago	0.28 bp	8.0 bp −$8	10.4 bp −$104	doesn't fit	doesn't fit
Sell Extended live order book, 1 min ago	0.14 bp	3.5 bp −$4	9.6 bp −$96	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	−0.148%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0004%	1h	357.32	−0.085%	$549K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.46	−0.045%	$13.6M	$12.9M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.42	−0.056%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.51	−0.031%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.69	+0.020%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	−0.012%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.58	−0.011%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	−0.003%	$2K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.72	+0.028%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.70	+0.022%	$2.7M	$88K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.39	−0.064%	$24K	$157K	10x	as long as short
Aster GOOGLUSDT	+0.0004%	8h	357.73	+0.032%	$366K	$422K	20x	as long as short
Extended GOOGL-USDshort	+0.0024%	1h	357.49	−0.035%	$427K	$2.5M	20x
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.66	+0.011%	$144K	$44K	10x	as long as short
Binance GOOGLUSDT	+0.0027%	8h	357.58	−0.011%	$72.1M	$143.2M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.46	−0.045%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.140%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.47	−0.042%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.064%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0044%	8h	357.19	−0.120%	$3.0M	$115K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.70	+0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.45	−0.048%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.073%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.36	−0.073%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.084%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.46	−0.045%	$293	$253	5x	as long as short
Bybit GOOGLUSDTlong	+0.0075%	8h	357.62	long leg	$11.5M	$7.8M	100x
Pacifica GOOGL	+0.0100%	1h	357.38	−0.066%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.32	−0.084%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.52	−0.028%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0103%	8h	357.61	−0.003%	$688K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.47	−0.042%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.39	−0.064%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.54	−0.022%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDC	+0.0623%	4h	357.57	−0.014%	$209K	$1.2M	10x	as long as short