Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h −0.010%

Price spread now: Binance against Injective−0.143%77s7-day average −0.197% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$310.314% of the position

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 2 days (all we have)+0.186%+$19 · spread now −0.143%, 7d avg −0.197%

Together, before fees+0.205%+$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.054% dearer against Injective than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.197%. The two prices were read 77 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	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	37m 59s	$128K	$45K	30x
Short	Binance GOOGLUSDT	356.61	0.0129	get 0.0129% / 8h	37m 59s	$73.1M	$142.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Injective. 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 InjectivebpFee BinancebpOrdersPrice spread, now −0.143%Rate

Funding earned: $19.99
Price spread: −0.143% → −0.197%: $5.37
Slippage, 4 orders: −$21.35
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.01
Costs to cover: 0.314%
Break-even: 9.1 days

Slippage from Injective: live order book, 41 min ago; Binance: live order book, 5 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 Injective live order book, 41 min ago	10.24 bp	10.2 bp −$10	10.2 bp −$102	57280.7 bp −$5.73M	326403.2 bp −$163.20M
Sell Binance live order book, 5 min ago	0.14 bp	5.2 bp −$5	7.3 bp −$73	20.7 bp −$2,069	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
Gate GOOGL_USDT	0.0000%	8h	356.49	−0.176%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	−0.143%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.75	−0.104%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	−0.101%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.202%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.41	−0.198%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.63	−0.137%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.52	−0.168%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.59	−0.148%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOOG-USD	+0.0050%	1h	356.36	−0.213%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	−0.235%	$197	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.24	−0.246%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0054%	8h	356.55	−0.159%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.51	−0.171%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0066%	1h	356.28	−0.235%	$98.8M	$25.2M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0089%	8h	356.53	−0.166%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0097%	8h	356.68	−0.123%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.244%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.224%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	−0.204%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	−0.165%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.53	−0.165%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0107%	8h	356.75	−0.105%	$362K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0110%	1h	356.30	−0.229%	$559K	$82K	20x	as long as short
Bitget GOOGLUSDT	+0.0116%	8h	356.64	−0.134%	$16.9M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.56	−0.157%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDTshort	+0.0129%	8h	356.61	−0.143%	$73.1M	$142.9M	50x
OKX GOOGL-USDT-SWAP	+0.0148%	8h	356.64	−0.134%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.49	−0.176%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0176%	1h	356.31	−0.227%	$33K	—	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.42	−0.196%	$23K	$152K	10x	as long as short
BloFin GOOGL-USDT	+0.0248%	8h	356.71	−0.115%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.40	−0.202%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0304%	1h	356.62	−0.140%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0343%	4h	356.59	−0.149%	$208K	$1.2M	10x	as long as short