Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0047%/8h= +5.1% APRpaid last 24h 0.000%

Price spread now: Bitget against Coinbase International+0.113%7-day average +0.132% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 3 days (all we have)−0.147%−$15 · spread now +0.113%, 7d avg +0.132%

Together, before fees−0.113%−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.132%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	355.48	0.0024	pay 0.0003% / 1h	31m 48s	$526K	$1.1M	10x
Short	Bitget GOOGLUSDT	355.88	0.0071	get 0.0071% / 8h	3h 31m	$17.1M	$9.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.113%Rate

Funding earned: $9.87
Price spread: +0.113% → +0.132%: −$1.95
Slippage, 4 orders: −$10.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$24.75
Costs to cover: 0.327%
Break-even: 24.6 days

Slippage from Coinbase International: live order book, 2 min ago; Bitget: live order book, 2 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 Coinbase International live order book, 2 min ago	2.67 bp	8.7 bp −$9	10.9 bp −$109	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.42 bp	8.3 bp −$8	12.7 bp −$127	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
Aster GOOGLUSDT	0.0000%	8h	355.94	+0.129%	$361K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.01	+0.149%	$11.3M	$7.3M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	355.79	+0.087%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	355.85	+0.104%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	355.82	+0.095%	$23K	$532K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	355.96	+0.135%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	355.81	+0.093%	$23K	$150K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.05	+0.160%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.00	+0.146%	$2.7M	$63K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0011%	8h	355.99	+0.143%	$13.8M	$12.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0013%	1h	355.67	+0.054%	$144K	$55K	10x	as long as short
Extended GOOGL-USD	+0.0016%	1h	355.90	+0.119%	$422K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0016%	8h	355.95	+0.132%	$72.8M	$140.3M	50x	as long as short
Coinbase International GOOGL-PERP-INTXlong	+0.0024%	1h	355.48	long leg	$526K	$1.1M	10x
Lighter RH GOOGL	+0.0032%	1h	356.03	+0.155%	$1.4M	$2.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.461%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0041%	1h	355.88	+0.113%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.08	+0.169%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.86	+0.107%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	355.80	+0.090%	$682K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.86	+0.107%	$211	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.67	+0.053%	$2.2M	$4.8M	15x	as long as short
Nado GOOGL-PERP	+0.0051%	1h	355.83	+0.100%	$555K	$80K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	355.96	+0.136%	$292	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0066%	8h	355.95	+0.132%	$694K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0070%	4h	355.88	+0.114%	$207K	$1.2M	10x	as long as short
Bitget GOOGLUSDTshort	+0.0071%	8h	355.88	+0.113%	$17.1M	$9.0M	100x
Phoenix GOOGL	+0.0090%	1h	355.79	+0.087%	$137K	$48K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.94	+0.129%	$43K	$44K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.60	+0.034%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.68	+0.056%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	355.84	+0.101%	$10K	$10K	20x	as long as short
Arcus GOOGL-USD	+0.0103%	1h	355.80	+0.090%	$201K	$302K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	355.87	+0.110%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	355.81	+0.093%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	356.04	+0.158%	$2.0M	$1.0M	20x	as long as short