Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0164%/8h= +18.0% APRpaid last 24h +0.015%

Price spread now: KuCoin against Coinbase International+0.011%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1391.391% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.235%−$23 · spread now +0.011%, 7d avg +0.056%

Together, before fees−0.200%−$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.045% cheaper against Coinbase International than usual: you would sell low and buy high (spread +0.011% now, against its 7-day average of +0.056%). If the spread goes back, that is −$5 on $10k: about 22 hours of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.034% in total) that is about 9.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International GOOGL-PERP-INTX	357.46	−0.0064	get 0.0008% / 1h	25m 49s	$524K	$1.1M	10x
Short	KuCoin GOOGLUSDTM	357.50	0.0100	get 0.0100% / 8h	5h 25m	$3.0M	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.011%Rate

Funding earned: $34.44
Price spread: +0.011% → +0.056%: −$4.51
Slippage, 4 orders: −$117.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$109.13
Costs to cover: 1.391%
Break-even: 29.2 days

Slippage from Coinbase International: live order book, 3 min ago; KuCoin: live order book, 11 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, 3 min ago	1.96 bp	8.5 bp −$9	11.2 bp −$112	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	3.36 bp	58.4 bp −$58	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-INTXlong	−0.0064%	1h	357.46	long leg	$524K	$1.1M	10x
Nado GOOGL-PERP	−0.0052%	1h	357.58	+0.035%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0002%	1h	357.43	−0.008%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	+0.042%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	+0.056%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.098%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.076%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.80	+0.095%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.090%	$2.7M	$77K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	+0.033%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0017%	8h	357.81	+0.098%	$11.8M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0018%	8h	357.61	+0.043%	$366K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.056%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.74	+0.078%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.095%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.73	+0.075%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.63	+0.048%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.47	+0.003%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.80	+0.095%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	+0.011%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.003%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	+0.020%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	+0.008%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.71	+0.069%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0075%	8h	357.79	+0.092%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.53	+0.020%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.51	+0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.50	+0.011%	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.58	+0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.61	+0.042%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	+0.027%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.74	+0.078%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.070%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.77	+0.087%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0156%	8h	357.69	+0.064%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0993%	4h	357.75	+0.081%	$209K	$1.2M	10x	as long as short