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: SunX against Polymarket Perps+0.025%50s7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as 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−$1121.120% of the position

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now +0.025%, 7d avg +0.075%

Together, before fees−0.001%$0 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 SunX 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 +0.075%). Swap the legs. The two prices were read 50 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	358.95	0.0050	pay 0.0006% / 1h	5m 29s	$687K	$413K	10x
Short	SunX GOOGL-USDT	359.04	0	get 0.0000% / 8h	6h 05m	$948	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$10.5
Price spread: +0.025% → +0.075%: −$4.96
Slippage, 4 orders: −$96
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$127.47
Costs to cover: 1.120%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 45 min ago; SunX: live order book, 6 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, 45 min ago	2.79 bp	6.8 bp −$7	9.4 bp −$94	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	44.67 bp	49.2 bp −$49	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	358.53	−0.117%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.76	−0.053%	$516K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	359.07	+0.033%	$11.5M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.14	+0.053%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.99	+0.011%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.14	+0.053%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	359.04	+0.025%	$948	$3.7M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.82	−0.036%	$25K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.18	+0.064%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.32	+0.103%	$2.7M	$108K	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	+0.042%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.90	−0.014%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	359.05	+0.028%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.510%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.15	+0.056%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.02	+0.020%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.91	−0.011%	$98.3M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	358.95	long leg	$687K	$413K	10x
SoDEX GOOGL-USD	+0.0050%	1h	358.83	−0.033%	$110	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.77	−0.050%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	359.11	+0.044%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0067%	8h	359.06	+0.032%	$369K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0071%	1h	358.96	+0.004%	$553K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.91	−0.011%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0088%	8h	359.12	+0.047%	$73.1M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	359.03	+0.021%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	359.06	+0.030%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.82	−0.036%	$3.0M	$233K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	359.03	+0.022%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.95	0.000%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.99	+0.012%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.97	+0.006%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0176%	1h	359.04	+0.025%	$2.0M	$2.2M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0203%	8h	359.30	+0.097%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDT	+0.0206%	8h	359.24	+0.081%	$689K	$241K	20x	as long as short
edgeX GOOGLUSDC	+0.0701%	4h	359.15	+0.057%	$210K	$1.2M	10x	as long as short