Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0663%/8h= −72.6% APRpaid last 24h −0.164%

Price spread now: Bitget against edgeX+0.022%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.022%, 7d avg +0.040%

Together, before fees−0.021%+ Points / potential airdropedgeX: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$20 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% 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	edgeX GOOGLUSDC	357.31	0.0663	pay 0.0332% / 4h	2h 04m	$208K	$1.2M	10x
Short	Bitget GOOGLUSDT	357.39	0	get 0.0000% / 8h	2h 04m	$17.3M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$139.24
Price spread: +0.022% → +0.040%: −$1.83
Slippage, 4 orders: −$11.12
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$173.19
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Bitget: 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 edgeX live order book, 4 min ago	3.22 bp	8.0 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.98 bp	8.4 bp −$8	12.2 bp −$122	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	−0.0023%	1h	357.15	−0.046%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.28	−0.009%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.23	−0.023%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	357.39	+0.022%	$17.3M	$9.9M	100x
Variational Omni GOOGL	0.0000%	8h	357.30	−0.003%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	+0.019%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.38	+0.019%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.10	−0.060%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.41	+0.027%	$115K	$214K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.047%	$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	+0.0008%	1h	357.12	−0.054%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.121%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	−0.009%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	−0.009%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.054%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	−0.054%	$207K	$278K	10x	as long as short
Aster GOOGLUSDT	+0.0044%	8h	357.45	+0.038%	$366K	$426K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	+0.024%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	−0.020%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.06	−0.071%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	−0.051%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.13	−0.051%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.079%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.27	−0.013%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.26	−0.014%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.30	−0.004%	$72.0M	$143.6M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.09	−0.061%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	−0.121%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	−0.043%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	−0.046%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	−0.026%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.29	−0.006%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	−0.029%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0185%	8h	357.36	+0.013%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0194%	8h	357.35	+0.010%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDClong	+0.0663%	4h	357.31	long leg	$208K	$1.2M	10x