Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.162%

Price spread now: edgeX against KuCoin+0.092%113s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as 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−$2202.197% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.092%, 7d avg +0.030%

Together, before fees+0.022%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and edgeX is 0.063% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 113 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% 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	KuCoin GOOGLUSDTM	357.15	0.0100	pay 0.0100% / 8h	3h 37m	$3.0M	$91K	20x
Short	edgeX GOOGLUSDC	357.48	0.0359	get 0.0179% / 4h	3h 37m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against KuCoin. 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 KuCoinbpFee edgeXbpOrdersPrice spread, now +0.092%Rate

Funding earned: $54.39
Price spread: +0.092% → +0.030%: $6.26
Slippage, 4 orders: −$198.75
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$159.1
Costs to cover: 2.197%
Break-even: 27.5 days

Slippage from KuCoin: live order book, 4 min ago; edgeX: live order book, 1 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 KuCoin live order book, 4 min ago	7.28 bp	86.3 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.22 bp	7.9 bp −$8	10.9 bp −$109	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
Deribit GOOGL_USDC-PERPETUAL	−0.0142%	1h	357.34	+0.053%	$24K	$155K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.53	+0.106%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.63	+0.134%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.51	+0.101%	$987	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.73	+0.162%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.65	+0.140%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERP	+0.0004%	1h	357.49	+0.095%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.011%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.27	+0.034%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.51	+0.101%	$4.8M	$2.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.68	+0.148%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.49	+0.095%	$23K	$440K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.25	+0.028%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	+0.165%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.45	+0.084%	$99.2M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	+0.059%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.44	+0.081%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	+0.006%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.50	+0.098%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.78	+0.177%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0098%	8h	357.61	+0.129%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.61	+0.129%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	357.15	long leg	$3.0M	$91K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	+0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.48	+0.092%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0104%	8h	357.62	+0.132%	$72.3M	$141.9M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0104%	8h	357.61	+0.128%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.56	+0.115%	$419K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.50	+0.097%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.44	+0.081%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	+0.050%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.66	+0.143%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0226%	8h	357.58	+0.120%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0236%	8h	357.73	+0.162%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0359%	4h	357.48	+0.092%	$208K	$1.2M	10x