Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0109%/8h= +12.0% APRpaid last 24h +0.051%

Price spread now: OKX against QFEX+0.022%7-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−$30as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on QFEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.074%+$7 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.022%, 7d avg +0.039%

Together, before fees+0.026%+$3 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: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOOGL-USD	357.60	0.0028	pay 0.0003% / 1h	50m 11s	$1.3M	$4.4M	10x
Short	OKX GOOGL-USDT-SWAP	357.68	0.0137	get 0.0137% / 8h	5h 50m	$13.8M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $22.96
Price spread: +0.022% → +0.039%: −$1.7
Slippage, 4 orders: −$7.88
Fee QFEX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.62
Costs to cover: 0.279%
Break-even: 9.0 days

Slippage from QFEX: live order book, 3 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 QFEX live order book, 3 min ago	1.82 bp	6.8 bp −$7	7.0 bp −$70	12.4 bp −$1,241	doesn't fit
Sell OKX live order book, 3 min ago	0.14 bp	6.9 bp −$7	12.2 bp −$122	doesn't fit	doesn't fit

GOOGL on 35 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
Deribit GOOGL_USDC-PERPETUAL	−0.0170%	1h	357.39	−0.059%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0068%	1h	357.53	−0.018%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.087%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.47	−0.036%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	+0.003%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.004%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.60	0.000%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.042%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.076%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.050%	$2.7M	$75K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.39	−0.058%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	357.81	+0.059%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USDlong	+0.0028%	1h	357.60	long leg	$1.3M	$4.4M	10x
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.045%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.134%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0038%	8h	357.63	+0.008%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.059%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.059%	—	$5K	25x	as long as short
Bitget GOOGLUSDT	+0.0048%	8h	357.73	+0.036%	$17.0M	$9.3M	100x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.55	−0.014%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	−0.062%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.017%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.31	−0.081%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.65	+0.013%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.61	+0.002%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	357.70	+0.028%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.050%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.058%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.20	−0.112%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	−0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.013%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	−0.036%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0137%	8h	357.68	+0.022%	$13.8M	$12.4M	50x
edgeX GOOGLUSDC	+0.0644%	4h	357.54	−0.016%	$209K	$1.2M	10x	as long as short