Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%

Price spread now: KuCoin against Injective+0.143%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$950.947% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.143%, 7d avg −0.108%

Together, before fees−0.232%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.251% dearer against Injective than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of −0.108%.

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	43m 17s	$128K	$45K	30x
Short	KuCoin GOOGLUSDTM	357.63	0.0100	get 0.0100% / 8h	5h 43m	$3.0M	$258K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.143%Rate

Funding earned: $14
Price spread: +0.143% → −0.108%: $25.08
Slippage, 4 orders: −$82.7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$55.64
Costs to cover: 0.947%
Break-even: 34.8 days

Slippage from Injective: live order book, 3 min ago; KuCoin: 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 Injective live order book, 3 min ago	10.05 bp	10.1 bp −$10	10.1 bp −$101	57277.3 bp −$5.73M	326385.9 bp −$163.19M
Sell KuCoin live order book, 2 min ago	6.71 bp	25.4 bp −$25	doesn't fit	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	354.22	−0.812%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.46	+0.095%	$517K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.96	+0.235%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.95	+0.232%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.80	+0.190%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.90	+0.218%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.87	+0.211%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.01	+0.249%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.14	+0.286%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.01	+0.249%	$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
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.75	+0.176%	$29K	$152K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.87	+0.209%	$144K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.92	+0.224%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Aster GOOGLUSDT	+0.0044%	8h	357.87	+0.210%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.97	+0.238%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.69	+0.160%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.82	+0.196%	$685K	$422K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.65	+0.148%	$111	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.57	+0.126%	$2.3M	$4.0M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.79	+0.187%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.92	+0.224%	$1.3M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	358.01	+0.249%	$73.1M	$145.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.88	+0.214%	$426K	$2.4M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0066%	8h	357.96	+0.236%	$12K	$463K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	+0.202%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.63	+0.143%	$3.0M	$258K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.68	+0.157%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.74	+0.174%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.89	+0.216%	$2.0M	$2.1M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.69	+0.159%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0113%	1h	357.70	+0.164%	$552K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.61	+0.137%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0180%	8h	357.99	+0.244%	$695K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.81	+0.193%	$211K	$213K	10x	as long as short
edgeX GOOGLUSDC	+0.0718%	4h	357.82	+0.195%	$208K	$1.2M	10x	as long as short