Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0385%/8h= −42.1% APRpaid last 24h −0.188%

Price spread now: Deribit against edgeX−0.012%75s7-day average −0.035% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.284% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.328%−$33 on $10k

Price spread, last 4 days (all we have)+0.295%+$30 · spread now −0.012%, 7d avg −0.035%

Together, before fees−0.033%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.023% dearer against edgeX than usual: you sell high and buy low (spread −0.012% now, against its 7-day average of −0.035%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. The two prices were read 75 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	357.49	0.0385	pay 0.0192% / 4h	3h 36m	$209K	$1.2M	10x
Short	Deribit GOOGL_USDC-PERPETUAL	357.45	0	get 0.0000% / 1h	36m 07s	$24K	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.012%Rate

Funding earned: −$80.81
Price spread: −0.012% → −0.035%: $2.27
Slippage, 4 orders: −$12.43
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$106.97
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Deribit: live order book, 62 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	3.22 bp	7.9 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit
Sell Deribit live order book, 62 min ago	0.14 bp	3.6 bp −$4	5.8 bp −$58	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	−0.0080%	1h	357.28	−0.060%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.78	+0.081%	$366K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.58	+0.024%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.49	−0.001%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.71	+0.061%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.24	−0.072%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.021%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.55	+0.016%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	357.45	−0.012%	$24K	$148K	10x
HTX GOOGL-USDT	0.0000%	8h	357.75	+0.072%	$115K	$209K	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	357.69	+0.055%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.60	+0.031%	$72.3M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.49	−0.001%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	−0.005%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.60	+0.030%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.105%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.45	−0.012%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.054%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.35	−0.040%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.65	+0.044%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.45	−0.012%	$98.4M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.31	−0.051%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.43	−0.018%	$117	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.088%	$2.3M	$4.2M	15x	as long as short
KuCoin GOOGLUSDTM	+0.0057%	8h	357.23	−0.074%	$3.0M	$142K	20x	as long as short
Nado GOOGL-PERP	+0.0058%	1h	357.40	−0.025%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.53	+0.011%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0073%	8h	357.63	+0.038%	$11.5M	$7.6M	100x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.07	−0.119%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0090%	8h	357.63	+0.038%	$686K	$233K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.38	−0.033%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.21	−0.079%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.52	+0.007%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.45	−0.012%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.65	+0.044%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDClong	+0.0385%	4h	357.49	long leg	$209K	$1.2M	10x