Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0023%/8h= +2.5% APRpaid last 24h −0.019%

Price spread now: tradeXYZ against Variational Omni−0.054%7-day average −0.083% · you buy dearer than you sell

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

Long on Variational Omni Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 7 days0.000%$0 · spread now −0.054%, 7d avg −0.083%

Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · tradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.029% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.41	0.0027	pay 0.0027% / 8h	6h 59m	$4.8M	$2.3M	—
Short	tradeXYZ xyz:GOOGL	356.22	0.0050	get 0.0006% / 1h	59m 40s	$98.3M	$22.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.054%Rate

Funding earned: $4.89
Price spread: −0.054% → −0.083%: $2.94
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$10.18
Costs to cover: 0.180%
Break-even: 21.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; tradeXYZ: live order book, 10 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, 5 min ago	2.62 bp	doesn't fit	8.6 bp −$86	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 10 min ago	0.28 bp	10.1 bp −$10	13.0 bp −$130	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	−0.0171%	1h	356.07	−0.096%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.37	−0.012%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.017%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.41	−0.001%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.044%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.49	+0.022%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.20	−0.060%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0020%	8h	356.44	+0.008%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGLlong	+0.0027%	8h	356.41	long leg	$4.8M	$2.3M	—
Lighter GOOGL	+0.0032%	1h	356.41	−0.001%	$2.1M	$1.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.50	+0.025%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	−0.054%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.31	−0.028%	$556K	$80K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.198%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.22	−0.054%	$98.3M	$22.0M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.21	−0.057%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.21	−0.057%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.071%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.36	−0.015%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.43	+0.004%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	356.50	+0.025%	$11.5M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.57	+0.043%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.40	−0.003%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.48	+0.020%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.23	−0.052%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.19	−0.062%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.068%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.27	−0.040%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.31	−0.030%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	−0.032%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.24	−0.048%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.41	−0.001%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0220%	8h	356.45	+0.010%	$647K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.048%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	0.000%	$209K	$1.2M	10x	as long as short