Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.051%

Price spread now: OKX against SoDEX+0.059%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. OKX is 0.059% dearer against SoDEX than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX GOOGL-USD	357.06	0.0050	pay 0.0006% / 1h	59m 16s	$129	$46K	10x
Short	OKX GOOGL-USDT-SWAP	357.27	0	get 0.0000% / 8h	7h 59m	$13.5M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against SoDEX. 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 SoDEXbpFee OKXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$10.5
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.62
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; OKX: live order book, 4 min ago. Net counts fees only.

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 SoDEX no order-book sample	—	—	—	—	—
Sell OKX live order book, 4 min ago	0.14 bp	5.1 bp −$5	5.1 bp −$51	doesn't fit	doesn't fit

SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit GOOGL_USDC-PERPETUAL	−0.0170%	1h	357.06	0.000%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	356.87	−0.053%	$512K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.29	+0.064%	$11.5M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.27	+0.059%	$13.5M	$12.9M	50x
Gate GOOGL_USDT	0.0000%	8h	357.27	+0.059%	$3.6M	$7.0M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.28	+0.062%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.49	+0.120%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.55	+0.137%	$23K	$448K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	357.04	−0.006%	$549K	$88K	20x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.57	+0.143%	$1K	$4.0M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.63	+0.160%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.47	+0.115%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0002%	8h	357.42	+0.102%	$366K	$422K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.22	+0.045%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	357.21	+0.043%	$72.0M	$143.5M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.33	+0.076%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.01	−0.014%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.017%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.36	+0.084%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	+0.020%	$207K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0045%	8h	357.12	+0.017%	$3.0M	$119K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.43	+0.104%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.28	+0.062%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.07	+0.003%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.05	−0.003%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	357.06	long leg	$129	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.008%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.32	+0.072%	$293	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0098%	8h	357.24	+0.050%	$687K	$236K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.41	+0.097%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	+0.084%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.18	+0.034%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.25	+0.055%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	+0.073%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.09	+0.008%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0508%	4h	357.58	+0.145%	$209K	$1.2M	10x	as long as short