Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0565%/8h= −61.9% APRpaid last 24h −0.177%

Price spread now: QFEX against edgeX+0.063%57s7-day average 0.000% · 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—prices read too far apart to compare

costs, in and out, $10k−$290.293% of the position

Long on edgeX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.580%−$58 on $10k

Price spread, last 7 days−0.058%−$6 · spread now +0.063%, 7d avg 0.000%

Together, before fees−0.638%+ Points / potential airdropedgeX: Active · farm board−$64 on $10k · with fees, hour by hour

The price spread pays, funding is against you. QFEX is 0.063% dearer against edgeX than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of 0.000%): +$6 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 9 hours. The two prices were read 57 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	357.18	0.0629	pay 0.0314% / 4h	3h 41m	$208K	$1.2M	10x
Short	QFEX GOOGL-USD	357.40	0.0064	get 0.0008% / 1h	41m 56s	$1.3M	$4.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$118.72
Price spread: +0.063% → 0.000%: $6.27
Slippage, 4 orders: −$10.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$141.71
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; QFEX: live order book, 11 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, 2 min ago	3.22 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell QFEX live order book, 11 min ago	1.68 bp	6.7 bp −$7	7.6 bp −$76	13.6 bp −$1,361	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	357.49	+0.088%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.66	+0.135%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.53	+0.099%	$829	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.38	+0.057%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.75	+0.161%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.63	+0.127%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.069%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	357.16	−0.003%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	+0.060%	$4.8M	$2.4M	—	as long as short
Nado GOOGL-PERP	+0.0030%	1h	357.35	+0.050%	$557K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.64	+0.130%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	+0.074%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.016%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	−0.005%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.62	+0.124%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.41	+0.065%	$99.2M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.34	+0.046%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.37	+0.054%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.030%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USDshort	+0.0064%	1h	357.40	+0.063%	$1.3M	$4.2M	10x
Aster GOOGLUSDT	+0.0088%	8h	357.81	+0.179%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	+0.071%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.007%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.24	+0.018%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.46	+0.079%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.50	+0.091%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0105%	8h	357.59	+0.116%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.63	+0.127%	$72.5M	$141.5M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0111%	8h	357.50	+0.092%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.53	+0.098%	$422K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	357.32	+0.040%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	+0.043%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	+0.088%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0245%	8h	357.73	+0.155%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0248%	1h	357.61	+0.121%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDClong	+0.0629%	4h	357.18	long leg	$208K	$1.2M	10x