Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.6% APRpaid last 24h −0.135%

Price spread now: Bybit against edgeX−0.038%81s7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

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

costs, in and out, $10k−$330.331% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.058%+$6 · spread now −0.038%, 7d avg +0.046%

Together, before fees+0.056%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Bybit is 0.083% cheaper against edgeX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.046%). Swap the legs. The two prices were read 81 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	edgeX GOOGLUSDC	357.21	0.0128	pay 0.0064% / 4h	56m 12s	$208K	$1.2M	10x
Short	Bybit GOOGLUSDT	357.08	0.0114	get 0.0114% / 8h	56m 12s	$11.5M	$7.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$3.01
Price spread: −0.038% → +0.046%: −$8.33
Slippage, 4 orders: −$13.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$44.4
Costs to cover: 0.331%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Bybit: live order book, 2 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, 3 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.84 bp	7.7 bp −$8	16.8 bp −$168	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	−0.0048%	1h	356.60	−0.172%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0008%	1h	356.92	−0.082%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.08	−0.038%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.95	−0.074%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.15	−0.018%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.18	−0.009%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.21	−0.002%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.08	−0.038%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.92	−0.083%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.007%	$115K	$211K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.19	−0.007%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0010%	8h	357.24	+0.008%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.06	−0.043%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0031%	8h	357.05	−0.046%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	−0.063%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.99	−0.063%	$423K	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.027%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.03	−0.052%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.088%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.19	−0.007%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.88	−0.094%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.111%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.92	−0.083%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.074%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.03	−0.053%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.01	−0.057%	$33K	—	20x	as long as short
KuCoin GOOGLUSDTM	+0.0073%	8h	356.71	−0.141%	$3.0M	$101K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	−0.024%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.87	−0.096%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	−0.049%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.98	−0.066%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.95	−0.075%	$25K	—	10x	as long as short
Bybit GOOGLUSDTshort	+0.0114%	8h	357.08	−0.038%	$11.5M	$7.9M	100x
Lighter GOOGL	+0.0120%	1h	357.05	−0.046%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0127%	8h	357.16	−0.015%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDClong	+0.0128%	4h	357.21	long leg	$208K	$1.2M	10x