Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.044%

Price spread now: Extended against SunX−0.029%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1061.056% of the position

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.029%, 7d avg −0.031%

Together, before fees+0.034%+ Points / potential airdropExtended: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.031%, 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	SunX GOOGL-USDT	357.64	0	get 0.0000% / 8h	3h 06m	$1K	$4.1M	20x
Short	Extended GOOGL-USD	357.54	0.0104	get 0.0013% / 1h	6m 24s	$419K	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against SunX. 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 SunXbpFee ExtendedbpOrdersPrice spread, now −0.029%Rate

Funding earned: $21.84
Price spread: −0.029% → −0.031%: $0.21
Slippage, 4 orders: −$92.62
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$83.56
Costs to cover: 1.056%
Break-even: 33.8 days

Slippage from SunX: live order book, 12 min ago; Extended: live order book, 2 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 SunX live order book, 12 min ago	44.83 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	0.14 bp	3.5 bp −$4	10.8 bp −$108	doesn't fit	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	357.50	−0.039%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.65	+0.003%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.64	long leg	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.081%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.68	+0.011%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.68	+0.011%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0008%	1h	357.46	−0.051%	$558K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	+0.008%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.50	−0.040%	$144K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0029%	8h	357.67	+0.008%	$24K	$442K	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	357.64	0.000%	$1.3M	$2.1M	20x	as long as short
Variational Omni GOOGL	+0.0032%	8h	357.57	−0.020%	$4.8M	$2.4M	—	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.145%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.38	−0.073%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	+0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.41	−0.064%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	−0.073%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.42	−0.062%	$157	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.26	−0.106%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.56	−0.022%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.58	−0.017%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0070%	8h	357.56	−0.022%	$13.7M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.53	−0.031%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.44	−0.055%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.49	−0.042%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.44	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.48	−0.045%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0103%	8h	357.63	−0.003%	$72.4M	$142.9M	50x	as long as short
Extended GOOGL-USDshort	+0.0104%	1h	357.54	−0.029%	$419K	$1.2M	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.51	−0.036%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.42	−0.062%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.46	−0.050%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.65	+0.003%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0224%	8h	357.62	−0.006%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0241%	8h	357.74	+0.028%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0954%	4h	357.60	−0.012%	$208K	$1.2M	10x	as long as short