Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: Gate against tradeXYZ+0.022%7-day average +0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.022%, 7d avg +0.078%

Together, before fees−0.035%+ Points / potential airdroptradeXYZ: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.056% cheaper against tradeXYZ than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.078%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	357.47	0.0050	pay 0.0006% / 1h	37m 00s	$99.2M	$20.5M	20x
Short	Gate GOOGL_USDT	357.55	0	get 0.0000% / 8h	3h 37m	$3.6M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.5
Price spread: +0.022% → +0.078%: −$5.6
Slippage, 4 orders: −$11.22
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.32
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 3 min ago; Gate: live order book, 1 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, 3 min ago	0.14 bp	9.6 bp −$10	12.4 bp −$124	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.82 bp	13.8 bp −$14	25.0 bp −$250	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
Deribit GOOGL_USDC-PERPETUAL	−0.0086%	1h	357.31	−0.045%	$24K	$155K	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	357.49	+0.006%	$558K	$80K	20x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.55	+0.022%	$3.6M	$7.4M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.69	+0.062%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.65	+0.050%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.090%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.65	+0.050%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.101%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.30	−0.048%	$144K	$48K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.52	+0.014%	$23K	$440K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0029%	8h	357.51	+0.012%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.69	+0.062%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.098%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.28	−0.053%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	357.47	long leg	$99.2M	$20.5M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.37	−0.028%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	0.000%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	−0.084%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.52	+0.014%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.74	+0.076%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0097%	8h	357.62	+0.042%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.61	+0.040%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.090%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.42	−0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.48	+0.003%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0104%	8h	357.67	+0.056%	$72.3M	$141.9M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0104%	8h	357.61	+0.038%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.57	+0.029%	$419K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.48	+0.002%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.48	+0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.54	+0.020%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.66	+0.053%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0216%	4h	357.52	+0.013%	$208K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0224%	8h	357.65	+0.050%	$695K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0236%	8h	357.75	+0.078%	$12.0M	$7.5M	100x	as long as short