Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.019%

Price spread now: Variational Omni against tradeXYZ+0.040%7-day average +0.082% · you sell dearer than you buy

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

Long on tradeXYZ Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.004%$0 · spread now +0.040%, 7d avg +0.082%

Together, before fees−0.002%+ Points / potential airdroptradeXYZ: Active · Variational Omni: Active · farm board$0 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 Variational Omni is 0.043% cheaper against tradeXYZ than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	356.79	0.0050	pay 0.0006% / 1h	24m 27s	$98.1M	$21.4M	20x
Short	Variational Omni GOOGL	356.93	0	get 0.0000% / 8h	1h 24m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.040%Rate

Funding earned: −$10.5
Price spread: +0.040% → +0.082%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$32.75
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 tradeXYZ live order book, 5 min ago	0.14 bp	9.3 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.62 bp	doesn't fit	6.8 bp −$68	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	−0.0024%	1h	356.60	−0.053%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.96	+0.048%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.86	+0.020%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.03	+0.067%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	356.93	+0.040%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.92	+0.037%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.02	+0.064%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.008%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.14	+0.098%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.07	+0.078%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0020%	1h	356.68	−0.030%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0024%	8h	357.10	+0.087%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0028%	1h	356.82	+0.007%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.94	+0.042%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.092%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.90	+0.031%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.68	−0.031%	$207K	$278K	10x	as long as short
Binance GOOGLUSDT	+0.0045%	8h	357.00	+0.059%	$72.0M	$143.7M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.07	+0.078%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.90	+0.032%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	356.79	long leg	$98.1M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.71	−0.022%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.83	+0.011%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.60	−0.053%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.96	+0.046%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	356.80	+0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.86	+0.020%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.93	+0.038%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.056%	$3.0M	$101K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.82	+0.008%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.85	+0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.87	+0.021%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	356.97	+0.050%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0151%	8h	356.98	+0.053%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.00	+0.059%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0929%	4h	356.89	+0.027%	$208K	$1.2M	10x	as long as short