Funding you earn now, next payment 08:00 UTC−0.0139%/8h= −15.2% APRnext payment −$1.39 per $10,000 · paid last 24h +0.009%
Price spread now: OKX against Bybit−0.042%7-day average −0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$300.303% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.042%, 7d avg −0.005%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.037% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.005%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GOOGLUSDT | 357.69 | 0.0240 | pay 0.0240% / 8h | 3h 40m | $12.0M | $7.5M | 100x |
| Short | OKX GOOGL-USDT-SWAP | 357.54 | 0.0101 | get 0.0101% / 8h | 3h 40m | $13.8M | $12.4M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
OKX against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$29.17
- Price spread: −0.042% → −0.005%
- −$3.68
- Slippage, 4 orders
- −$9.31
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$63.16
- Costs to cover
- 0.303%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; OKX: 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 Bybit live order book, 3 min ago | 0.14 bp | 8.4 bp −$8 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell OKX live order book, 3 min ago | 0.14 bp | 5.2 bp −$5 | 10.3 bp −$103 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GOOGL_USDT | 0.0000% | 8h | 357.48 | −0.059% | $3.6M | $7.4M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 357.62 | −0.020% | $17.4M | $9.6M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.56 | −0.036% | $965 | $4.1M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 357.33 | −0.101% | $24K | $155K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.69 | 0.000% | $115K | $220K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.59 | −0.028% | $2.7M | $85K | 10x | as long as short |
| Coinbase International GOOGL-PERP-INTX | +0.0016% | 1h | 357.11 | −0.162% | $522K | $1.1M | 10x | as long as short |
| Nado GOOGL-PERP | +0.0018% | 1h | 357.43 | −0.073% | $558K | $80K | 20x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0027% | 1h | 357.22 | −0.132% | $144K | $48K | 10x | as long as short |
| Variational Omni GOOGL | +0.0029% | 8h | 357.51 | −0.050% | $4.8M | $2.4M | — | as long as short |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH GOOGL | +0.0032% | 1h | 357.63 | −0.017% | $1.3M | $2.1M | 20x | as long as short |
| GRVT GOOGL_USDT_Perp | +0.0032% | 8h | 357.44 | −0.070% | $23K | $436K | 10x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.159% | $128K | $45K | 30x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 357.21 | −0.134% | $207K | $277K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.66 | −0.008% | — | $5K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 357.41 | −0.078% | $99.2M | $20.5M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.31 | −0.106% | $685K | $429K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.39 | −0.084% | $140 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.17 | −0.145% | $2.3M | $4.9M | 15x | as long as short |
| QFEX GOOGL-USD | +0.0064% | 1h | 357.44 | −0.070% | $1.3M | $4.2M | 10x | as long as short |
| Aster GOOGLUSDT | +0.0089% | 8h | 357.77 | +0.022% | $366K | $426K | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.49 | −0.055% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.15 | −0.151% | $3.0M | $91K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.26 | −0.120% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.43 | −0.073% | $10K | $11K | 20x | as long as short |
| OKX GOOGL-USDT-SWAPshort | +0.0101% | 8h | 357.54 | −0.042% | $13.8M | $12.4M | 50x | |
| Extended GOOGL-USD | +0.0104% | 1h | 357.45 | −0.067% | $419K | $1.8M | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.40 | −0.081% | $25K | — | 10x | as long as short |
| Binance GOOGLUSDT | +0.0108% | 8h | 357.56 | −0.037% | $72.5M | $141.9M | 50x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0108% | 8h | 357.54 | −0.041% | $293 | $253 | 5x | as long as short |
| Phoenix GOOGL | +0.0179% | 1h | 357.33 | −0.101% | $137K | $36K | 20x | as long as short |
| Lighter GOOGL | +0.0224% | 1h | 357.54 | −0.042% | $2.0M | $1.3M | 20x | as long as short |
| Hotstuff GOOGL-PERP | +0.0224% | 1h | 357.36 | −0.092% | $33K | — | 20x | as long as short |
| BloFin GOOGL-USDT | +0.0228% | 8h | 357.52 | −0.048% | $693K | $234K | 20x | as long as short |
| Bybit GOOGLUSDTlong | +0.0240% | 8h | 357.69 | long leg | $12.0M | $7.5M | 100x | |
| edgeX GOOGLUSDC | +0.0523% | 4h | 357.44 | −0.070% | $208K | $1.2M | 10x | as long as short |
Bybit GOOGLUSDT
OKX GOOGL-USDT-SWAP
Gate GOOGL_USDT
Bitget GOOGLUSDT
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Coinbase International GOOGL-PERP-INTX
Aftermath Perps GOOGLUSD
Variational Omni GOOGL
Lighter RH GOOGL
GRVT GOOGL_USDT_Perp
Injective GOOGL/USDC PERP
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Aster GOOGLUSDT
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Extended GOOGL-USD
Binance GOOGLUSDT
Paradex GOOGL-USD-PERP
Phoenix GOOGL
Lighter GOOGL
BloFin GOOGL-USDT
edgeX GOOGLUSDC