Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0791%/8h= −86.6% APRpaid last 24h −0.165%

Price spread now: Variational Omni against edgeX+0.010%74s7-day average +0.029% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.489%−$49 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.010%, 7d avg +0.029%

Together, before fees−0.487%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$49 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: −$24 a day on $10k at the current rate. The two prices were read 74 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	356.62	0.0814	pay 0.0407% / 4h	2h 38m	$209K	$1.2M	10x
Short	Variational Omni GOOGL	356.66	0.0022	get 0.0022% / 8h	6h 38m	$4.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.010%Rate

Funding earned: −$166.16
Price spread: +0.010% → +0.029%: −$1.91
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$177.07
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 1 min ago	3.36 bp	8.1 bp −$8	11.1 bp −$111	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	5.2 bp −$52	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	−0.0024%	1h	356.40	−0.063%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.005%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.69	+0.019%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.035%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.71	+0.025%	$24K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.71	+0.024%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.51	−0.032%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.061%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.027%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0004%	1h	356.61	−0.003%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.38	−0.069%	$144K	$51K	10x	as long as short
Variational Omni GOOGLshort	+0.0022%	8h	356.66	+0.010%	$4.7M	$2.4M	—
Lighter RH GOOGL	+0.0032%	1h	356.76	+0.038%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.139%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.010%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.46	−0.046%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.82	+0.055%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.74	+0.033%	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.64	+0.005%	$98.5M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.47	−0.043%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.65	+0.007%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.40	−0.063%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.71	+0.023%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	356.65	+0.006%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.70	+0.021%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0095%	8h	356.73	+0.030%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.64	+0.005%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.53	−0.027%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.085%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.36	−0.074%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.63	+0.002%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	−0.007%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0116%	8h	356.92	+0.083%	$11.6M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.77	+0.041%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.043%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDClong	+0.0814%	4h	356.62	long leg	$209K	$1.2M	10x