Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0046%/8h= +5.0% APRpaid last 24h +0.038%

Price spread now: Binance against QFEX+0.031%53s7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.237% of the position

Long on QFEX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.054%+$5 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.031%, 7d avg +0.039%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 53 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	QFEX GOOGL-USD	357.16	0.0047	pay 0.0006% / 1h	44m 42s	$1.3M	$4.3M	10x
Short	Binance GOOGLUSDT	357.27	0.0093	get 0.0093% / 8h	2h 44m	$72.3M	$143.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against QFEX. 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 QFEXbpFee BinancebpOrdersPrice spread, now +0.031%Rate

Funding earned: $9.58
Price spread: +0.031% → +0.039%: −$0.86
Slippage, 4 orders: −$3.71
Fee QFEX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$15
Costs to cover: 0.237%
Break-even: 18.0 days

Slippage from QFEX: live order book, 4 min ago; Binance: live order book, 13 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 QFEX live order book, 4 min ago	1.40 bp	6.4 bp −$6	6.4 bp −$64	12.2 bp −$1,221	doesn't fit
Sell Binance live order book, 13 min ago	0.14 bp	5.3 bp −$5	8.6 bp −$86	21.1 bp −$2,105	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_USDT	0.0000%	8h	357.18	+0.006%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.30	+0.039%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	+0.020%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.93	−0.064%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.35	+0.053%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.067%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0010%	8h	357.26	+0.028%	$23K	$448K	10x	as long as short
Variational Omni GOOGL	+0.0015%	8h	357.17	+0.003%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	+0.008%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.16	−0.001%	$144K	$47K	10x	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	357.26	+0.028%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.011%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.99	−0.047%	$557K	$86K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.00	−0.045%	$207K	$278K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0045%	8h	357.15	−0.003%	$13.7M	$12.6M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	+0.022%	—	$5K	25x	as long as short
QFEX GOOGL-USDlong	+0.0047%	1h	357.16	long leg	$1.3M	$4.3M	10x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	−0.034%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	−0.034%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.036%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.93	−0.064%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.16	0.000%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.04	−0.034%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	357.42	+0.074%	$366K	$426K	20x	as long as short
Binance GOOGLUSDTshort	+0.0093%	8h	357.27	+0.031%	$72.3M	$143.1M	50x
Extended GOOGL-USD	+0.0096%	1h	357.18	+0.007%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.02	−0.041%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.06	−0.028%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	−0.008%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.09	−0.019%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.02	−0.039%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	357.25	+0.025%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0213%	8h	357.29	+0.036%	$692K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0229%	8h	357.35	+0.053%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0830%	4h	357.24	+0.021%	$208K	$1.2M	10x	as long as short