Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h −0.017%

Price spread now: Polymarket Perps against Bybit−0.064%7-day average −0.105% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days−0.039%−$4 · spread now −0.064%, 7d avg −0.105%

Together, before fees−0.058%−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.041% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	358.57	0.0047	pay 0.0047% / 8h	6h 57m	$11.5M	$7.4M	100x
Short	Polymarket Perps GOOG-USD	358.34	0.0050	get 0.0006% / 1h	57m 25s	$686K	$413K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.67
Price spread: −0.064% → −0.105%: $4.13
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.21
Costs to cover: 0.190%
Break-even: 156.4 days

Slippage unknown: Bybit: live order book, 6 min ago; Polymarket Perps: live order book, 36 min ago. Net counts fees only.

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	7.6 bp −$8	12.7 bp −$127	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 36 min ago	363.13 bp	doesn't fit	doesn't fit	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	−0.0056%	1h	358.32	−0.070%	$514K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.53	−0.011%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.44	−0.036%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.56	−0.003%	$17.3M	$9.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.44	−0.037%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.54	−0.008%	$1K	$3.8M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.69	+0.033%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.67	+0.028%	$2.7M	$96K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	358.36	−0.059%	$368K	$423K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.46	−0.030%	$424K	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0026%	8h	358.55	−0.006%	$72.7M	$142.3M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.46	−0.029%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.46	−0.031%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.404%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.61	+0.012%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.59	+0.006%	—	$5K	25x	as long as short
Bybit GOOGLUSDTlong	+0.0047%	8h	358.57	long leg	$11.5M	$7.4M	100x
Hotstuff GOOGL-PERP	+0.0048%	1h	358.35	−0.061%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.46	−0.031%	$1.3M	$4.1M	10x	as long as short
Polymarket Perps GOOG-USDshort	+0.0050%	1h	358.34	−0.064%	$686K	$413K	10x
SoDEX GOOGL-USD	+0.0050%	1h	358.35	−0.061%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.20	−0.103%	$2.3M	$4.0M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0056%	1h	358.38	−0.053%	$98.1M	$21.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0057%	1h	358.41	−0.045%	$24K	$149K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.44	−0.037%	$294	$253	5x	as long as short
Nado GOOGL-PERP	+0.0066%	1h	358.32	−0.070%	$551K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.33	−0.067%	$211K	$283K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0085%	8h	358.14	−0.120%	$3.0M	$183K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.43	−0.039%	$138K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.48	−0.026%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.31	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.44	−0.036%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0101%	8h	358.56	−0.003%	$682K	$237K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	−0.049%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0184%	1h	358.54	−0.008%	$2.0M	$1.7M	20x	as long as short
edgeX GOOGLUSDC	+0.0272%	4h	358.55	−0.005%	$209K	$1.2M	10x	as long as short