Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.015%

Price spread now: OKX against Polymarket Perps0.000%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.075%+$7 · spread now 0.000%, 7d avg +0.098%

Together, before fees+0.073%+$7 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 OKX is 0.098% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	358.90	0.0050	pay 0.0006% / 1h	3m 46s	$687K	$413K	10x
Short	OKX GOOGL-USDT-SWAP	358.90	0	get 0.0000% / 8h	6h 03m	$13.5M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$10.5
Price spread: 0.000% → +0.098%: −$9.83
Slippage, 4 orders: −$9.09
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.43
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 47 min ago; OKX: live order book, 3 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, 47 min ago	2.79 bp	6.8 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.28 bp	7.1 bp −$7	14.2 bp −$142	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	358.41	−0.137%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.76	−0.039%	$516K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.92	+0.006%	$11.5M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	358.90	0.000%	$13.5M	$13.5M	50x
Gate GOOGL_USDT	0.0000%	8h	358.77	−0.036%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.99	+0.025%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	359.02	+0.033%	$980	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.81	−0.025%	$25K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.13	+0.064%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.16	+0.072%	$2.7M	$109K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0014%	8h	359.10	+0.056%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.90	+0.001%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.92	+0.006%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.496%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.22	+0.089%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.95	+0.014%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.72	−0.050%	$98.2M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	358.90	long leg	$687K	$413K	10x
SoDEX GOOGL-USD	+0.0050%	1h	358.81	−0.025%	$109	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.77	−0.036%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	358.98	+0.021%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0065%	8h	358.96	+0.018%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0069%	1h	358.90	−0.001%	$553K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.84	−0.017%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0086%	8h	358.95	+0.014%	$73.0M	$142.8M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	358.85	−0.013%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.99	+0.025%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.73	−0.047%	$3.0M	$234K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	359.03	+0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.91	+0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.89	−0.002%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.97	+0.020%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0176%	1h	358.92	+0.006%	$2.0M	$2.2M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0203%	8h	359.30	+0.111%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDT	+0.0208%	8h	359.02	+0.033%	$690K	$241K	20x	as long as short
edgeX GOOGLUSDC	+0.0701%	4h	359.15	+0.071%	$210K	$1.2M	10x	as long as short