Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: SoDEX against SunX−0.103%7-day average — · you buy dearer than you sell

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

Long on SunX Short on SoDEX

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

Funding pays, the price is against you. SoDEX is 0.103% cheaper against SunX than usual: you would sell low and buy high (spread −0.103% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 6.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	359.44	0	get 0.0000% / 8h	6h 00m	$1K	$3.7M	20x
Short	SoDEX GOOGL-USD	359.07	0.0050	get 0.0006% / 1h	0m 06s	$115	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $10.5
Price spread: −0.103% → 0.000%: −$10.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$15.79
Costs to cover: 0.160%
Break-even: 17.5 days

Slippage unknown: SunX: live order book, 11 min ago; SoDEX: no order-book sample. 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 SunX live order book, 11 min ago	44.67 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

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 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	−0.1600%	1h	358.22	−0.339%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.77	−0.186%	$514K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	359.39	−0.014%	$11.5M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.34	−0.028%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	359.27	−0.047%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.25	−0.053%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	359.44	long leg	$1K	$3.7M	20x
HTX GOOGL-USDT	0.0000%	8h	359.57	+0.036%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.55	+0.031%	$2.7M	$112K	10x	as long as short
Variational Omni GOOGL	+0.0011%	8h	359.14	−0.083%	$5.0M	$2.3M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.97	−0.131%	$145K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	359.28	−0.045%	$1.3M	$2.0M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.645%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.38	−0.017%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.28	−0.045%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	359.12	−0.089%	$98.3M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	359.20	−0.067%	$688K	$413K	10x	as long as short
SoDEX GOOGL-USDshort	+0.0050%	1h	359.07	−0.103%	$115	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	359.01	−0.120%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	359.28	−0.043%	$295	$253	5x	as long as short
Aster GOOGLUSDT	+0.0062%	8h	359.10	−0.094%	$369K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0065%	1h	359.17	−0.076%	$554K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0080%	1h	359.32	−0.034%	$426K	$2.4M	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	359.12	−0.089%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0083%	8h	359.44	0.000%	$73.4M	$142.9M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	359.29	−0.042%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.95	−0.136%	$3.0M	$238K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.93	−0.142%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	359.21	−0.064%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.96	−0.133%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.93	−0.142%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	359.28	−0.045%	$2.0M	$2.2M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0170%	8h	359.08	−0.099%	$23K	$448K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0196%	1h	359.21	−0.064%	$25K	$147K	10x	as long as short
BloFin GOOGL-USDT	+0.0201%	8h	359.08	−0.100%	$690K	$242K	20x	as long as short
edgeX GOOGLUSDC	+0.0245%	4h	359.05	−0.109%	$210K	$1.2M	10x	as long as short