Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.032%

Price spread now: Gate against Extended−0.006%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.033%+$3 · spread now −0.006%, 7d avg +0.028%

Together, before fees−0.037%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.034% cheaper against Extended than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	357.63	0.0048	pay 0.0006% / 1h	2m 55s	$426K	$2.6M	20x
Short	Gate GOOGL_USDT	357.61	0	get 0.0000% / 8h	5h 02m	$3.7M	$6.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.08
Price spread: −0.006% → +0.028%: −$3.44
Slippage, 4 orders: −$14.43
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.96
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Gate: 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 Extended live order book, 4 min ago	0.14 bp	3.5 bp −$4	8.9 bp −$89	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.24 bp	16.1 bp −$16	24.9 bp −$249	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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.43	−0.056%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.084%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.66	+0.008%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.72	+0.025%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.61	−0.006%	$3.7M	$6.9M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.75	+0.033%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	+0.025%	$5.0M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.031%	$12K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.74	+0.030%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.85	+0.061%	$115K	$212K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.74	+0.030%	$2.7M	$116K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.73	+0.027%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.53	−0.029%	$144K	$42K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.143%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0034%	8h	357.76	+0.035%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	+0.013%	—	$5K	25x	as long as short
Extended GOOGL-USDlong	+0.0048%	1h	357.63	long leg	$426K	$2.6M	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	−0.045%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.60	−0.009%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.045%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.28	−0.098%	$2.3M	$4.0M	15x	as long as short
Binance GOOGLUSDT	+0.0051%	8h	357.73	+0.027%	$73.0M	$145.9M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.53	−0.029%	$29K	$151K	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.60	−0.009%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.58	−0.015%	$293	$253	5x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.50	−0.037%	$553K	$84K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.38	−0.071%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.096%	$3.0M	$306K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.50	−0.037%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.60	−0.009%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.020%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.46	−0.048%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.71	+0.022%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0171%	8h	357.79	+0.044%	$693K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.53	−0.029%	$212K	$222K	10x	as long as short
edgeX GOOGLUSDC	+0.0331%	4h	357.71	+0.021%	$208K	$1.2M	10x	as long as short