Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.178%

Price spread now: edgeX against Deribit+0.043%75s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

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

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.230%+$23 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.043%, 7d avg +0.033%

Together, before fees+0.189%+ Points / potential airdropedgeX: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	356.52	0	get 0.0000% / 1h	36m 19s	$23K	$153K	10x
Short	edgeX GOOGLUSDC	356.68	0.0061	get 0.0031% / 4h	2h 36m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Deribit. 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 DeribitbpFee edgeXbpOrdersPrice spread, now +0.043%Rate

Funding earned: $12.83
Price spread: +0.043% → +0.033%: $1
Slippage, 4 orders: −$16.66
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$18.83
Costs to cover: 0.327%
Break-even: 17.3 days

Slippage from Deribit: live order book, 32 min ago; edgeX: live order book, 3 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 Deribit live order book, 32 min ago	0.14 bp	12.8 bp −$13	15.5 bp −$155	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	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	−0.0024%	1h	356.40	−0.034%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.034%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.74	+0.062%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.79	+0.076%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.059%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	+0.070%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	356.52	long leg	$23K	$153K	10x
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.112%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.079%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	356.59	+0.020%	$556K	$80K	20x	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	+0.0008%	1h	356.47	−0.014%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	+0.062%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.83	+0.087%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.168%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.039%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.008%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.85	+0.093%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.70	+0.050%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	−0.011%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.69	+0.048%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.014%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.79	+0.076%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0061%	4h	356.68	+0.043%	$209K	$1.2M	10x
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	+0.069%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.69	+0.049%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	+0.028%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0093%	8h	356.79	+0.076%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.70	+0.051%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.001%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.38	−0.039%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.65	+0.036%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.61	+0.024%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.96	+0.123%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.93	+0.115%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.014%	$651K	$234K	20x	as long as short