Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.025%

Price spread now: Deribit against Variational Omni−0.065%7-day average −0.036% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.099%+$10 on $10k

Price spread, last 4 days (all we have)+0.365%+$37 · spread now −0.065%, 7d avg −0.036%

Together, before fees+0.465%+ Points / potential airdropVariational Omni: Active · farm board+$46 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.029% cheaper against Variational Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	357.66	0	get 0.0000% / 8h	5h 26m	$4.8M	$2.4M	—
Short	Deribit GOOGL_USDC-PERPETUAL	357.43	−0.0002	pay 0.0000% / 1h	26m 04s	$23K	$154K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$0.36
Price spread: −0.065% → −0.036%: −$2.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$10.28
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 37 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 Variational Omni RFQ quote, 3 min ago	2.61 bp	doesn't fit	7.7 bp −$77	doesn't fit	doesn't fit
Sell Deribit live order book, 37 min ago	0.14 bp	3.6 bp −$4	4.4 bp −$44	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	−0.056%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0052%	1h	357.58	−0.022%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	−0.0002%	1h	357.43	−0.065%	$23K	$154K	10x
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	357.66	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.041%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.019%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.80	+0.039%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.033%	$2.7M	$77K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	−0.023%	$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
Bybit GOOGLUSDT	+0.0017%	8h	357.81	+0.041%	$11.8M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0018%	8h	357.62	−0.011%	$366K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	0.000%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.74	+0.022%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.151%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.73	+0.019%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.63	−0.009%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.47	−0.054%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.80	+0.039%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.045%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.059%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.037%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	−0.048%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.71	+0.013%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0075%	8h	357.79	+0.036%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.53	−0.037%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.51	−0.042%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.045%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.58	−0.023%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.61	−0.014%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.029%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.74	+0.022%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.014%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.77	+0.030%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0156%	8h	357.69	+0.008%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0993%	4h	357.75	+0.025%	$209K	$1.2M	10x	as long as short