Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.060%

Price spread now: BloFin against Coinbase International+0.131%7-day average +0.137% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.322%+$32 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.131%, 7d avg +0.137%

Together, before fees+0.297%+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.137%, so right now this pair is about funding alone: +$7 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	357.46	−0.0040	get 0.0005% / 1h	44m 53s	$517K	$1.2M	10x
Short	BloFin GOOGL-USDT	357.93	0.0182	get 0.0182% / 8h	5h 44m	$695K	$231K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.131%Rate

Funding earned: $46.62
Price spread: +0.131% → +0.137%: −$0.56
Slippage, 4 orders: −$7.58
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.48
Costs to cover: 0.296%
Break-even: 4.5 days

Slippage from Coinbase International: live order book, 2 min ago; BloFin: live order book, 64 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	2.24 bp	8.4 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell BloFin live order book, 64 min ago	0.56 bp	6.6 bp −$7	8.0 bp −$80	12.0 bp −$1,199	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	354.12	−0.934%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0040%	1h	357.46	long leg	$517K	$1.2M	10x
Bybit GOOGLUSDT	0.0000%	8h	357.85	+0.109%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.89	+0.120%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.72	+0.073%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.90	+0.123%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.87	+0.116%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.89	+0.120%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.65	+0.053%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.96	+0.140%	$115K	$211K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.96	+0.140%	$2.7M	$114K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.85	+0.109%	$144K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.87	+0.115%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.095%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0044%	8h	357.77	+0.085%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.91	+0.126%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.66	+0.056%	$97.9M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.76	+0.084%	$685K	$421K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.59	+0.036%	$104	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.006%	$2.3M	$4.0M	15x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.81	+0.099%	$426K	$2.4M	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.82	+0.101%	$1.2M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	357.88	+0.117%	$73.1M	$145.5M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.71	+0.070%	$293	$253	5x	as long as short
GRVT GOOGL_USDT_Perp	+0.0066%	8h	357.96	+0.141%	$12K	$463K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.79	+0.091%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.71	+0.070%	$3.0M	$255K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.78	+0.090%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.67	+0.059%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.83	+0.104%	$2.0M	$2.1M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.60	+0.040%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0114%	1h	357.64	+0.049%	$551K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.97	+0.143%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDTshort	+0.0182%	8h	357.93	+0.131%	$695K	$231K	20x
Arcus GOOGL-USD	+0.0199%	1h	357.77	+0.087%	$211K	$213K	10x	as long as short
edgeX GOOGLUSDC	+0.0616%	4h	357.80	+0.095%	$208K	$1.2M	10x	as long as short