Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0130%/8h= +14.3% APRpaid last 24h +0.156%

Price spread now: edgeX against Extended+0.078%93s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$230.233% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.078%, 7d avg +0.005%

Together, before fees−0.051%+ Points / potential airdropExtended: Active · edgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and edgeX is 0.074% dearer against Extended than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 93 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	Extended GOOGL-USD	357.10	0.0056	pay 0.0007% / 1h	4m 05s	$423K	$2.9M	20x
Short	edgeX GOOGLUSDC	357.38	0.0186	get 0.0093% / 4h	4m 05s	$207K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Extended. 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 ExtendedbpFee edgeXbpOrdersPrice spread, now +0.078%Rate

Funding earned: $27.38
Price spread: +0.078% → +0.005%: $7.35
Slippage, 4 orders: −$9.27
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $11.45
Costs to cover: 0.233%
Break-even: 4.1 days

Slippage from Extended: live order book, 3 min ago; edgeX: live order book, 3 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 Extended live order book, 3 min ago	0.14 bp	3.8 bp −$4	10.8 bp −$108	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.22 bp	8.0 bp −$8	11.3 bp −$113	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.0016%	1h	356.94	−0.044%	$531K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.19	+0.026%	$11.7M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.15	+0.015%	$13.4M	$13.3M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.34	+0.068%	$3.7M	$6.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.36	+0.075%	$5.0M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.42	+0.092%	$12K	$451K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	+0.093%	$1K	$3.4M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.138%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.55	+0.127%	$2.7M	$116K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.45	+0.099%	$1.4M	$1.9M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0033%	1h	357.31	+0.060%	$144K	$40K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.006%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0036%	8h	357.60	+0.142%	$369K	$41K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.43	+0.093%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.28	+0.051%	$98.0M	$20.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.25	+0.043%	$719K	$508K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.24	+0.040%	$85	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.019%	$2.3M	$3.6M	15x	as long as short
Binance GOOGLUSDT	+0.0052%	8h	357.48	+0.106%	$73.0M	$140.9M	50x	as long as short
Bitget GOOGLUSDT	+0.0054%	8h	357.30	+0.057%	$18.1M	$9.4M	100x	as long as short
Extended GOOGL-USDlong	+0.0056%	1h	357.10	long leg	$423K	$2.9M	20x
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.28	+0.051%	$293	—	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.30	+0.057%	$1.2M	$4.0M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0086%	1h	357.24	+0.040%	$29K	$139K	10x	as long as short
Nado GOOGL-PERP	+0.0086%	1h	357.16	+0.019%	$549K	$84K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.05	−0.013%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.08	−0.005%	$3.0M	$371K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.14	+0.012%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.31	+0.060%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.24	+0.039%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.39	+0.082%	$2.0M	$2.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0160%	1h	357.22	+0.034%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0171%	8h	357.50	+0.113%	$688K	$226K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.34	+0.068%	$137K	$60K	20x	as long as short
edgeX GOOGLUSDCshort	+0.0186%	4h	357.38	+0.078%	$207K	$1.2M	10x
Arcus GOOGL-USD	+0.0303%	1h	357.22	+0.034%	$212K	$204K	10x	as long as short