Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0660%/8h= +72.3% APRpaid last 24h +0.200%

Price spread now: edgeX against Arcus+0.067%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Arcus Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.477%+$48 on $10k

Price spread, last 4 days (all we have)−0.296%−$30 · spread now +0.067%, 7d avg +0.051%

Together, before fees+0.181%+ Points / potential airdropedgeX: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$20 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	357.45	0.0040	pay 0.0005% / 1h	17m 14s	$207K	$277K	10x
Short	edgeX GOOGLUSDC	357.69	0.0700	get 0.0350% / 4h	17m 14s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Arcus. 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 ArcusbpFee edgeXbpOrdersPrice spread, now +0.067%Rate

Funding earned: $138.6
Price spread: +0.067% → +0.051%: $1.57
Slippage, 4 orders: −$18.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $108.09
Costs to cover: 0.321%
Break-even: 1.5 days

Slippage from Arcus: live order book, 41 min ago; edgeX: live order book, 2 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 Arcus live order book, 41 min ago	1.68 bp	6.8 bp −$7	15.5 bp −$155	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	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	−0.0048%	1h	357.54	+0.025%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	+0.053%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.098%	$17.5M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.77	+0.089%	$23K	$434K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.79	+0.095%	$826	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.52	+0.020%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.126%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.80	+0.098%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0004%	8h	357.76	+0.086%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.59	+0.039%	$144K	$48K	10x	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	357.78	+0.092%	$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
Arcus GOOGL-USDlong	+0.0040%	1h	357.45	long leg	$207K	$277K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.76	+0.087%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.059%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.56	+0.031%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.51	+0.017%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.56	+0.031%	$141	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.020%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	357.92	+0.132%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0082%	1h	357.54	+0.024%	$558K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.67	+0.061%	$426K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	357.55	+0.028%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0089%	8h	357.77	+0.089%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.50	+0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.33	−0.034%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.51	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.65	+0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.64	+0.054%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.68	+0.065%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.64	+0.053%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0112%	8h	357.75	+0.084%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0209%	8h	357.78	+0.092%	$696K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0210%	8h	357.86	+0.115%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0272%	1h	357.78	+0.092%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0700%	4h	357.69	+0.067%	$209K	$1.2M	10x