Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.005%

Price spread now: Injective against KuCoin+0.045%100s7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as 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−$1501.501% of the position

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now +0.045%, 7d avg +0.106%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.106%). Swap the legs. The two prices were read 100 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	KuCoin GOOGLUSDTM	356.96	0.0100	pay 0.0100% / 8h	4h 07m	$3.0M	$365K	20x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	7m 43s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.045%Rate

Funding earned: −$14
Price spread: +0.045% → +0.106%: −$6.13
Slippage, 4 orders: −$138.05
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$170.21
Costs to cover: 1.501%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Injective: live order book, 34 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, 2 min ago	8.96 bp	39.5 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 34 min ago	10.50 bp	33.1 bp −$33	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
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	356.94	−0.006%	$531K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.39	+0.120%	$11.7M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.38	+0.118%	$13.4M	$13.3M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	+0.095%	$3.7M	$6.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.29	+0.092%	$5.0M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.36	+0.111%	$12K	$451K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	+0.132%	$2K	$3.4M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.58	+0.174%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	+0.134%	$2.7M	$116K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	+0.120%	$1.4M	$1.9M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0033%	1h	357.33	+0.105%	$144K	$40K	10x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x
Aster GOOGLUSDT	+0.0034%	8h	357.57	+0.171%	$369K	$41K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.38	+0.118%	—	$5K	25x	as long as short
Bitget GOOGLUSDT	+0.0047%	8h	357.38	+0.118%	$18.1M	$9.5M	100x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.29	+0.091%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0050%	8h	357.42	+0.129%	$73.0M	$141.5M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.22	+0.073%	$98.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.26	+0.084%	$719K	$508K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	+0.073%	$92	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.88	−0.022%	$2.3M	$3.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.24	+0.077%	$293	—	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.30	+0.095%	$1.3M	$4.0M	10x	as long as short
Nado GOOGL-PERP	+0.0084%	1h	357.21	+0.069%	$549K	$85K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.03	+0.021%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.96	long leg	$3.0M	$365K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.02	+0.017%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	+0.095%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.28	+0.091%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.34	+0.106%	$2.0M	$2.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0136%	1h	357.09	+0.036%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0168%	8h	357.49	+0.148%	$689K	$226K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.26	+0.084%	$29K	$143K	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.23	+0.076%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.20	+0.067%	$212K	$204K	10x	as long as short
edgeX GOOGLUSDC	+0.0972%	4h	357.32	+0.100%	$207K	$1.2M	10x	as long as short