Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0500%/8h= +54.7% APRpaid last 24h +0.156%

Price spread now: edgeX against Injective+0.243%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.333%−$33 · spread now +0.243%, 7d avg −0.064%

Together, before fees−0.275%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and edgeX is 0.307% dearer against Injective than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of −0.064%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	14m 31s	$128K	$45K	30x
Short	edgeX GOOGLUSDC	357.99	0.0533	get 0.0267% / 4h	3h 14m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.243%Rate

Funding earned: $104.93
Price spread: +0.243% → −0.064%: $30.67
Slippage, 4 orders: −$27.59
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $98.99
Costs to cover: 0.366%
Break-even: 0.4 days

Slippage from Injective: live order book, 39 min ago; edgeX: 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 Injective live order book, 39 min ago	10.20 bp	10.2 bp −$10	10.2 bp −$102	57275.1 bp −$5.73M	326374.7 bp −$163.19M
Sell edgeX live order book, 4 min ago	3.35 bp	8.1 bp −$8	11.5 bp −$115	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
Gate GOOGL_USDT	0.0000%	8h	357.88	+0.213%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.02	+0.252%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.05	+0.260%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.75	+0.176%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.246%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.11	+0.277%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	+0.154%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0017%	1h	357.70	+0.162%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.77	+0.183%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.99	+0.244%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0033%	8h	358.02	+0.252%	$24K	$444K	10x	as long as short
Variational Omni GOOGL	+0.0033%	8h	357.99	+0.244%	$4.8M	$2.4M	—	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Arcus GOOGL-USD	+0.0040%	1h	357.73	+0.171%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.92	+0.224%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.76	+0.179%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.70	+0.162%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.81	+0.193%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.64	+0.146%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.89	+0.216%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.87	+0.210%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0082%	8h	357.94	+0.230%	$13.8M	$12.5M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.81	+0.193%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	357.74	+0.174%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.95	+0.232%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.56	+0.123%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.70	+0.162%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.89	+0.216%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.91	+0.222%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.97	+0.238%	$72.6M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.87	+0.209%	$419K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	+0.176%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	357.97	+0.238%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	358.03	+0.255%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0247%	8h	358.03	+0.255%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0533%	4h	357.99	+0.243%	$209K	$1.2M	10x