Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0104%/8h= +11.3% APRpaid last 24h +0.051%

Price spread now: BloFin against QFEX+0.031%99s7-day average +0.016% · 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−$270.265% of the position

Long on QFEX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.194%+$19 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.031%, 7d avg +0.016%

Together, before fees+0.255%+$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 99 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	357.50	0.0066	pay 0.0008% / 1h	55m 31s	$1.3M	$4.1M	10x
Short	BloFin GOOGL-USDT	357.61	0.0169	get 0.0169% / 8h	4h 55m	$694K	$231K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.031%Rate

Funding earned: $21.75
Price spread: +0.031% → +0.016%: $1.49
Slippage, 4 orders: −$4.55
Fee QFEX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.31
Costs to cover: 0.265%
Break-even: 8.1 days

Slippage from QFEX: live order book, 6 min ago; BloFin: live order book, 49 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, 6 min ago	1.68 bp	6.7 bp −$7	6.9 bp −$69	10.6 bp −$1,057	doesn't fit
Sell BloFin live order book, 49 min ago	0.42 bp	6.4 bp −$6	8.9 bp −$89	17.3 bp −$1,727	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	−0.0088%	1h	357.32	−0.050%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.33	−0.048%	$530K	$1.2M	10x	as long as short
Nado GOOGL-PERP	−0.0013%	1h	357.37	−0.038%	$552K	$84K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.57	+0.020%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.57	+0.020%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.48	−0.006%	$3.7M	$6.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.62	+0.034%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.50	0.000%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.59	+0.025%	$12K	$465K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.031%	$1K	$3.7M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.31	−0.053%	$29K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.66	+0.045%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.68	+0.050%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0031%	8h	357.57	+0.020%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.64	+0.039%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.53	+0.008%	$144K	$42K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.106%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.60	+0.028%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.51	+0.004%	$430K	$2.8M	20x	as long as short
Binance GOOGLUSDT	+0.0049%	8h	357.64	+0.038%	$73.0M	$145.9M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.38	−0.034%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.44	−0.017%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.35	−0.042%	$106	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.25	−0.070%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.47	−0.008%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0059%	4h	357.50	−0.001%	$208K	$1.2M	10x	as long as short
QFEX GOOGL-USDlong	+0.0066%	1h	357.50	long leg	$1.3M	$4.1M	10x
Pacifica GOOGL	+0.0100%	1h	357.28	−0.062%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.26	−0.067%	$3.0M	$313K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.33	−0.048%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.37	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.37	−0.037%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.62	+0.034%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	357.59	+0.025%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDTshort	+0.0169%	8h	357.61	+0.031%	$694K	$231K	20x
Arcus GOOGL-USD	+0.0303%	1h	357.39	−0.031%	$212K	$222K	10x	as long as short