Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0421%/8h= −46.1% APRpaid last 24h −0.147%

Price spread now: Extended against edgeX−0.013%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on edgeX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.069%−$7 · spread now −0.013%, 7d avg −0.008%

Together, before fees−0.079%+ Points / potential airdropedgeX: Active · Extended: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$13 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 -0.010% in total (about -0.5% 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	357.99	0.0533	pay 0.0267% / 4h	3h 14m	$209K	$1.2M	10x
Short	Extended GOOGL-USD	357.94	0.0112	get 0.0014% / 1h	14m 43s	$419K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$88.41
Price spread: −0.013% → −0.008%: −$0.54
Slippage, 4 orders: −$9.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$112.15
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; Extended: 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	3.35 bp	8.1 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	0.14 bp	3.5 bp −$4	13.8 bp −$138	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
Gate GOOGL_USDT	0.0000%	8h	357.90	−0.025%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.07	+0.023%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.05	+0.017%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.75	−0.067%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.003%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.11	+0.034%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.089%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0017%	1h	357.78	−0.060%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.77	−0.060%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.99	0.000%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0033%	8h	358.02	+0.009%	$24K	$444K	10x	as long as short
Variational Omni GOOGL	+0.0033%	8h	357.99	+0.001%	$4.8M	$2.4M	—	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.243%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.74	−0.069%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.01	+0.006%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.76	−0.064%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.79	−0.055%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.81	−0.050%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.63	−0.100%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.95	−0.011%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.87	−0.033%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0083%	8h	357.93	−0.016%	$13.8M	$12.5M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.81	−0.050%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	357.77	−0.061%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.95	−0.011%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.56	−0.120%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.70	−0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.89	−0.027%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.91	−0.021%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.97	−0.005%	$72.6M	$142.6M	50x	as long as short
Extended GOOGL-USDshort	+0.0112%	1h	357.94	−0.013%	$419K	$1.2M	20x
Phoenix GOOGL	+0.0179%	1h	357.75	−0.067%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	357.97	−0.005%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	358.03	+0.012%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0247%	8h	358.07	+0.023%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDClong	+0.0533%	4h	357.99	long leg	$209K	$1.2M	10x