Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0365%/8h= +40.0% APRpaid last 24h −0.011%

Price spread now: SunX against Deribit+0.120%7-day average +0.051% · 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−$104as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.156%−$16 on $10k

Price spread, last 3 days (all we have)−0.049%−$5 · spread now +0.120%, 7d avg +0.051%

Together, before fees−0.205%−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and SunX is 0.069% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.051%. Mind the row above: over the last 5 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.156% in total (about -12.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.32	−0.0365	get 0.0046% / 1h	47m 57s	$23K	$154K	10x
Short	SunX GOOGL-USDT	357.75	0	get 0.0000% / 8h	5h 47m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $76.72
Price spread: +0.120% → +0.051%: $6.9
Slippage, 4 orders: −$96.28
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$27.66
Costs to cover: 1.113%
Break-even: 9.5 days

Slippage from Deribit: live order book, 15 min ago; SunX: live order book, 10 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	0.14 bp	8.9 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	44.89 bp	49.4 bp −$49	doesn't fit	doesn't fit	doesn't fit

GOOGL on 35 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
Deribit GOOGL_USDC-PERPETUALlong	−0.0365%	1h	357.32	long leg	$23K	$154K	10x
Nado GOOGL-PERP	−0.0067%	1h	357.59	+0.077%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.008%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.087%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.083%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.092%	$23K	$437K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.75	+0.120%	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.157%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.123%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.41	+0.025%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0024%	8h	357.81	+0.137%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.084%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.123%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.056%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0036%	8h	357.65	+0.092%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	+0.031%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.146%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	+0.062%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.40	+0.022%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	+0.062%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	0.000%	$2.3M	$4.8M	15x	as long as short
Bitget GOOGLUSDT	+0.0053%	8h	357.72	+0.112%	$17.0M	$9.3M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.72	+0.113%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.65	+0.092%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.54	+0.062%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0056%	8h	357.75	+0.120%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0096%	1h	357.78	+0.129%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	+0.043%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.30	−0.006%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	+0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.59	+0.076%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	+0.069%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	+0.062%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0135%	8h	357.72	+0.112%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	+0.062%	$209K	$1.2M	10x	as long as short