Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0007%/8hpaid last 24h +0.035%

Price spread now: OKX against Deribit+0.025%7-day average +0.053% · 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−$32as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.068%−$7 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.025%, 7d avg +0.053%

Together, before fees−0.045%−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.028% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	356.31	0	get 0.0000% / 1h	16m 54s	$23K	$149K	10x
Short	OKX GOOGL-USDT-SWAP	356.40	0.0007	get 0.0007% / 8h	4h 16m	$13.8M	$12.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.025%Rate

Funding earned: $1.54
Price spread: +0.025% → +0.053%: −$2.81
Slippage, 4 orders: −$11.97
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$30.24
Costs to cover: 0.290%
Break-even: 144.3 days

Slippage from Deribit: live order book, 15 min ago; OKX: live order book, 1 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, 15 min ago	3.79 bp	7.3 bp −$7	8.2 bp −$82	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.14 bp	8.1 bp −$8	13.0 bp −$130	43.2 bp −$4,321	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
Hotstuff GOOGL-PERP	−0.0008%	1h	356.49	+0.051%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.36	+0.014%	$11.3M	$7.1M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.27	−0.011%	$3.6M	$7.2M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.43	+0.033%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.48	+0.049%	$23K	$526K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.58	+0.076%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	356.31	long leg	$23K	$149K	10x
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.073%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.61	+0.084%	$2.7M	$62K	10x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0007%	8h	356.40	+0.025%	$13.8M	$12.5M	50x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0008%	8h	356.25	−0.017%	$362K	$482K	20x	as long as short
Extended GOOGL-USD	+0.0016%	1h	356.28	−0.009%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0020%	8h	356.26	−0.015%	$72.9M	$136.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.43	+0.034%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.47	+0.045%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.062%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.22	−0.025%	$98.4M	$25.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.30	−0.003%	$690K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.24	−0.020%	$216	$43K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.63	+0.089%	$292	$253	5x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.42	+0.031%	$2.2M	$4.8M	15x	as long as short
Nado GOOGL-PERP	+0.0055%	1h	356.43	+0.034%	$556K	$78K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.306%	$518K	$1.0M	10x	as long as short
BloFin GOOGL-USDT	+0.0079%	8h	356.33	+0.006%	$701K	$222K	20x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.34	+0.008%	$17.1M	$8.6M	100x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.54	+0.065%	$137K	$48K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0099%	1h	356.45	+0.040%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.61	+0.084%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.17	−0.039%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.47	+0.045%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.38	+0.020%	$11K	$9K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	356.44	+0.036%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.30	−0.002%	$25K	—	10x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.35	+0.011%	$202K	$302K	10x	as long as short
edgeX GOOGLUSDC	+0.0748%	4h	356.48	+0.047%	$208K	$1.2M	10x	as long as short