Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%

Price spread now: KuCoin against Deribit−0.084%7-day average −0.028% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1721.722% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.084%, 7d avg −0.028%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.056% cheaper against Deribit than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of −0.028%). If the spread goes back, that is −$6 on $10k: about 45 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 5 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.18	0	get 0.0000% / 1h	8m 09s	$24K	$156K	10x
Short	KuCoin GOOGLUSDTM	356.88	0.0100	get 0.0100% / 8h	2h 08m	$3.0M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.084%Rate

Funding earned: $21
Price spread: −0.084% → −0.028%: −$5.6
Slippage, 4 orders: −$153.15
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$156.75
Costs to cover: 1.722%
Break-even: 59.2 days

Slippage from Deribit: live order book, 40 min ago; KuCoin: live order book, 4 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, 40 min ago	0.14 bp	9.2 bp −$9	11.3 bp −$113	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	5.18 bp	48.5 bp −$48	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
Nado GOOGL-PERP	−0.0022%	1h	357.17	−0.002%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	+0.062%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.27	+0.025%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.42	+0.067%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.076%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.083%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.38	+0.056%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	357.18	long leg	$24K	$156K	10x
HTX GOOGL-USDT	0.0000%	8h	357.48	+0.084%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.53	+0.098%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0016%	1h	357.09	−0.025%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.084%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.028%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.34	+0.045%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.017%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	−0.006%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.45	+0.076%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.52	+0.095%	$366K	$426K	20x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.017%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.16	−0.006%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.14	−0.011%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.15	−0.008%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.003%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.30	+0.034%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.28	+0.027%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.37	+0.053%	$72.1M	$143.7M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.14	−0.012%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	356.88	−0.084%	$3.0M	$106K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.20	+0.006%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.25	+0.019%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.34	+0.045%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.031%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0187%	8h	357.40	+0.062%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.33	+0.042%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.077%	$208K	$1.2M	10x	as long as short