Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Deribit against Gate−0.061%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.102%+$10 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.061%, 7d avg −0.032%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.029% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.85	0	get 0.0000% / 8h	5h 46m	$3.7M	$6.8M	100x
Short	Deribit GOOGL_USDC-PERPETUAL	357.63	0	get 0.0000% / 1h	46m 43s	$29K	$152K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → −0.032%: −$2.93
Slippage, 4 orders: −$18.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$43.12
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 64 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, 5 min ago	2.37 bp	13.7 bp −$14	22.9 bp −$229	doesn't fit	doesn't fit
Sell Deribit live order book, 64 min ago	0.14 bp	9.7 bp −$10	12.8 bp −$128	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	357.90	+0.014%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.46	−0.109%	$517K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.97	+0.034%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.90	+0.014%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.85	long leg	$3.7M	$6.8M	100x
Bitget GOOGLUSDT	0.0000%	8h	358.00	+0.042%	$17.4M	$9.8M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.87	+0.006%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	357.63	−0.061%	$29K	$152K	10x
HTX GOOGL-USDT	0.0000%	8h	358.13	+0.078%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.02	+0.048%	$2.7M	$114K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0004%	8h	358.09	+0.068%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.85	+0.001%	$144K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.90	+0.014%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.204%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0045%	8h	358.13	+0.079%	$368K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	−0.011%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.57	−0.078%	$685K	$421K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.58	−0.075%	$111	$46K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.70	−0.042%	$97.9M	$21.9M	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.51	−0.095%	$2.3M	$4.0M	15x	as long as short
edgeX GOOGLUSDC	+0.0051%	4h	358.14	+0.080%	$209K	$1.2M	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.80	−0.014%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.78	−0.020%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0062%	8h	358.00	+0.043%	$73.1M	$145.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.89	+0.012%	$426K	$2.4M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0087%	8h	358.09	+0.067%	$12K	$459K	10x	as long as short
Lighter GOOGL	+0.0096%	1h	357.87	+0.006%	$2.0M	$2.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.86	+0.004%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.81	−0.011%	$3.0M	$254K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.99	+0.039%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.79	−0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.81	−0.010%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0112%	1h	357.56	−0.081%	$551K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.97	+0.034%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0188%	8h	357.98	+0.036%	$693K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.78	−0.020%	$211K	$210K	10x	as long as short