Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: Gate against Polymarket Perps+0.031%48s7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as 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−$400.404% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.031%, 7d avg +0.081%

Together, before fees−0.115%−$12 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 Gate is 0.050% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.081%). Swap the legs. The two prices were read 48 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	Polymarket Perps GOOG-USD	356.43	0.0050	pay 0.0006% / 1h	39m 32s	$683K	$437K	10x
Short	Gate GOOGL_USDT	356.54	0	get 0.0000% / 8h	39m 32s	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Polymarket Perps. 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 Polymarket PerpsbpFee GatebpOrdersPrice spread, now +0.031%Rate

Funding earned: −$10.5
Price spread: +0.031% → +0.081%: −$5.03
Slippage, 4 orders: −$17.43
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.97
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 38 min ago; Gate: 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 Polymarket Perps live order book, 38 min ago	2.24 bp	8.3 bp −$8	9.2 bp −$92	10.4 bp −$1,038	doesn't fit
Sell Gate live order book, 4 min ago	2.38 bp	13.2 bp −$13	23.2 bp −$232	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_USDTshort	0.0000%	8h	356.54	+0.031%	$3.6M	$7.5M	100x
SunX GOOGL-USDT	0.0000%	8h	356.70	+0.076%	$2K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.78	+0.098%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.104%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.008%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.38	−0.013%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.65	+0.062%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.194%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.41	−0.006%	$33K	—	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.58	+0.042%	—	$5K	25x	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	+0.0047%	8h	356.59	+0.045%	$23K	$474K	10x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.43	long leg	$683K	$437K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.43	0.000%	$195	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.36	−0.020%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0054%	8h	356.55	+0.034%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.59	+0.045%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0072%	1h	356.41	−0.006%	$98.9M	$25.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.43	0.000%	$22K	$152K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.54	+0.030%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0096%	8h	356.66	+0.065%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.26	−0.048%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.31	−0.034%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	−0.011%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	+0.028%	$10K	$10K	20x	as long as short
Nado GOOGL-PERP	+0.0103%	1h	356.37	−0.017%	$559K	$82K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	+0.041%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0106%	8h	356.75	+0.090%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0115%	8h	356.71	+0.079%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0128%	8h	356.71	+0.078%	$73.0M	$142.9M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.63	+0.057%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0147%	8h	356.75	+0.090%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	+0.045%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0248%	8h	356.59	+0.045%	$689K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.42	−0.003%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0296%	1h	356.66	+0.065%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0343%	4h	356.59	+0.044%	$208K	$1.2M	10x	as long as short