Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.017%

Price spread now: SoDEX against Bybit−0.067%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SoDEX is 0.067% cheaper against Bybit than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.71	0.0072	pay 0.0072% / 8h	7h 34m	$11.5M	$7.6M	100x
Short	SoDEX GOOGL-USD	357.47	0.0050	get 0.0006% / 1h	34m 56s	$118	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$4.59
Price spread: −0.067% → 0.000%: −$6.71
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$30.3
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; SoDEX: no order-book sample. 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, 3 min ago	0.42 bp	8.0 bp −$8	12.3 bp −$123	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0080%	1h	357.28	−0.120%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.82	+0.030%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.71	0.000%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	−0.022%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.025%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.63	−0.023%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	−0.039%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	−0.003%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.49	−0.062%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.022%	$115K	$209K	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	357.72	+0.003%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.74	+0.008%	$72.3M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.63	−0.022%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	−0.064%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	−0.034%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.165%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.57	−0.039%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.115%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	−0.081%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	+0.003%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.49	−0.062%	$98.4M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.098%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	357.47	−0.067%	$118	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.148%	$2.3M	$4.1M	15x	as long as short
Nado GOOGL-PERP	+0.0054%	1h	357.45	−0.072%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.58	−0.037%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0058%	8h	357.24	−0.131%	$3.0M	$143K	20x	as long as short
Bybit GOOGLUSDTlong	+0.0072%	8h	357.71	long leg	$11.5M	$7.6M	100x
BloFin GOOGL-USDT	+0.0087%	8h	357.67	−0.011%	$686K	$234K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.36	−0.098%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	−0.094%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	−0.095%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.53	−0.050%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.49	−0.062%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.63	−0.022%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0385%	4h	357.49	−0.060%	$209K	$1.2M	10x	as long as short