Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0038%/8h= −4.2% APRpaid last 24h −0.030%

Price spread now: GRVT against Arcus+0.043%54s7-day average +0.063% · 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—prices read too far apart to compare

costs, in and out, $10k−$230.226% of the position

Long on Arcus Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.098%−$10 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.043%, 7d avg +0.063%

Together, before fees−0.167%+ Points / potential airdropGRVT: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.020% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.063%). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	358.46	0.0081	pay 0.0010% / 1h	55m 49s	$211K	$283K	10x
Short	GRVT GOOGL_USDT_Perp	358.61	0.0043	get 0.0043% / 8h	6h 55m	$23K	$451K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$7.98
Price spread: +0.043% → +0.063%: −$2.05
Slippage, 4 orders: −$9.14
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.67
Costs to cover: 0.226%
Break-even: never at this rate

Slippage from Arcus: live order book, 37 min ago; GRVT: live order book, 37 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, 37 min ago	2.24 bp	4.5 bp −$4	10.8 bp −$108	21.0 bp −$2,101	doesn't fit
Sell GRVT live order book, 37 min ago	0.28 bp	5.5 bp −$6	9.9 bp −$99	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	−0.0056%	1h	358.32	−0.039%	$514K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.66	+0.056%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.39	−0.020%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.60	+0.039%	$17.3M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.62	+0.043%	$5.0M	$2.5M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.68	+0.061%	$1K	$3.8M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.76	+0.084%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.82	+0.100%	$2.7M	$98K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	358.42	−0.010%	$368K	$423K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.42	−0.010%	$424K	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GOOGLUSDT	+0.0026%	8h	358.53	+0.020%	$72.7M	$142.2M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.40	−0.016%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.55	+0.025%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.374%	$128K	$45K	30x	as long as short
Bybit GOOGLUSDT	+0.0037%	8h	358.52	+0.017%	$11.5M	$7.4M	100x	as long as short
GRVT GOOGL_USDT_Perpshort	+0.0043%	8h	358.61	+0.043%	$23K	$451K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	358.68	+0.061%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	358.39	−0.020%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.60	+0.039%	$1.3M	$4.1M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.49	+0.008%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.48	+0.006%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.20	−0.073%	$2.3M	$4.0M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0053%	1h	358.39	−0.020%	$98.1M	$21.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.57	+0.030%	$294	$253	5x	as long as short
Nado GOOGL-PERP	+0.0067%	1h	358.46	−0.001%	$551K	$81K	20x	as long as short
Arcus GOOGL-USDlong	+0.0081%	1h	358.46	long leg	$211K	$283K	10x
Deribit GOOGL_USDC-PERPETUAL	+0.0085%	1h	358.45	−0.003%	$24K	$150K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0086%	8h	358.21	−0.070%	$3.0M	$185K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.43	−0.008%	$138K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.63	+0.047%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.31	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.53	+0.020%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0104%	8h	358.58	+0.033%	$685K	$237K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.49	+0.008%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0192%	1h	358.61	+0.042%	$2.0M	$1.8M	20x	as long as short
edgeX GOOGLUSDC	+0.0272%	4h	358.55	+0.026%	$209K	$1.2M	10x	as long as short