Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.008%

Price spread now: Coinbase International against Gate−0.137%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.137%, 7d avg −0.115%

Together, before fees+0.177%+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.022% cheaper against Gate than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.115%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	356.91	0	get 0.0000% / 8h	7h 21m	$3.6M	$7.1M	100x
Short	Coinbase International GOOGL-PERP-INTX	356.42	−0.0080	pay 0.0010% / 1h	21m 05s	$513K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now −0.137%Rate

Funding earned: −$16.8
Price spread: −0.137% → −0.115%: −$2.2
Slippage, 4 orders: −$20.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$64.12
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Coinbase International: live order book, 2 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 Gate live order book, 2 min ago	1.68 bp	14.4 bp −$14	37.0 bp −$370	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	2.10 bp	7.7 bp −$8	10.3 bp −$103	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-INTXshort	−0.0080%	1h	356.42	−0.137%	$513K	$1.1M	10x
Aster GOOGLUSDT	0.0000%	8h	357.16	+0.070%	$367K	$423K	20x	as long as short
Extended GOOGL-USD	0.0000%	1h	357.03	+0.035%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	0.0000%	8h	357.11	+0.056%	$72.3M	$142.0M	50x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.08	+0.048%	$11.5M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.96	+0.014%	$13.5M	$13.2M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	356.91	long leg	$3.6M	$7.1M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.07	+0.045%	$17.3M	$9.7M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.77	−0.041%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.76	−0.042%	$23K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX GOOGL-USDT	0.0000%	8h	357.06	+0.042%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.94	+0.008%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.22	+0.087%	$115K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.01	+0.028%	$2.7M	$91K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0016%	1h	356.83	−0.022%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0021%	8h	357.11	+0.056%	$691K	$234K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	356.69	−0.063%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.04	+0.036%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.059%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.95	+0.011%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.84	−0.020%	$209K	$282K	10x	as long as short
Nado GOOGL-PERP	+0.0043%	1h	356.82	−0.025%	$549K	$88K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	+0.053%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.87	−0.011%	$98.1M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.74	−0.048%	$684K	$414K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.77	−0.039%	$125	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.76	−0.042%	$2.3M	$4.0M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	356.96	+0.015%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0059%	8h	356.65	−0.073%	$3.0M	$159K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.68	−0.064%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.86	−0.014%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.73	−0.050%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.99	+0.022%	$10K	$12K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.91	−0.001%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0184%	1h	357.08	+0.048%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0820%	4h	356.71	−0.057%	$208K	$1.2M	10x	as long as short