Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h +0.039%

Price spread now: Bybit against tradeXYZ+0.098%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on tradeXYZ Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.055%−$5 · spread now +0.098%, 7d avg +0.098%

Together, before fees−0.042%+ Points / potential airdroptradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.48	0.0050	pay 0.0006% / 1h	22m 48s	$99.1M	$21.4M	20x
Short	Bybit GOOGLUSDT	357.83	0.0023	get 0.0023% / 8h	5h 22m	$11.8M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against tradeXYZ. 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 tradeXYZbpFee BybitbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$5.69
Price spread: +0.098% → +0.098%: $0
Slippage, 4 orders: −$5.59
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.29
Costs to cover: 0.346%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 6 min ago; Bybit: live order book, 5 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 tradeXYZ live order book, 6 min ago	0.14 bp	9.6 bp −$10	13.8 bp −$138	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.56 bp	7.9 bp −$8	11.7 bp −$117	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
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.006%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0048%	1h	357.53	+0.014%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.58	+0.028%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	+0.051%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.073%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	+0.062%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.036%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.82	+0.095%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.076%	$2.7M	$78K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.58	+0.028%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0016%	8h	357.54	+0.016%	$365K	$458K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0016%	1h	357.50	+0.006%	$33K	—	20x	as long as short
Bybit GOOGLUSDTshort	+0.0023%	8h	357.83	+0.098%	$11.8M	$7.5M	100x
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.050%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.70	+0.062%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.101%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.71	+0.065%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.59	+0.030%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.45	−0.008%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.75	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.48	long leg	$99.1M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.006%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.49	+0.003%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.011%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.64	+0.044%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0056%	4h	357.66	+0.051%	$209K	$1.2M	10x	as long as short
Bitget GOOGLUSDT	+0.0072%	8h	357.76	+0.078%	$17.1M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.001%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	+0.006%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.52	+0.011%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.52	+0.011%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	357.72	+0.067%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	+0.017%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.73	+0.070%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0144%	8h	357.69	+0.059%	$697K	$234K	20x	as long as short