Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.034%

Price spread now: HTX against Arcus+0.109%7-day average +0.102% · 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−$35as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.123%−$12 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.109%, 7d avg +0.102%

Together, before fees−0.096%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: −$1 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	356.72	0.0040	pay 0.0005% / 1h	18m 14s	$207K	$278K	10x
Short	HTX GOOGL-USDT	357.11	0	get 0.0000% / 8h	1h 18m	$115K	$211K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$8.46
Price spread: +0.109% → +0.102%: $0.76
Slippage, 4 orders: −$19.4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$43.59
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Arcus: live order book, 25 min ago; HTX: live order book, 23 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, 25 min ago	2.66 bp	7.9 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell HTX live order book, 23 min ago	2.80 bp	8.8 bp −$9	20.8 bp −$208	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	−0.034%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.01	+0.081%	$13.6M	$13.1M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.88	+0.045%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.04	+0.090%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.92	+0.057%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.98	+0.073%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.01	+0.081%	$921	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.85	+0.036%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.11	+0.109%	$115K	$211K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.10	+0.107%	$2.7M	$88K	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	+0.0018%	1h	356.76	+0.013%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0020%	8h	357.15	+0.120%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0020%	1h	356.81	+0.026%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.99	+0.076%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.112%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.97	+0.070%	$1.3M	$4.2M	10x	as long as short
Extended GOOGL-USD	+0.0040%	1h	356.94	+0.062%	$423K	$1.2M	20x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	356.72	long leg	$207K	$278K	10x
Binance GOOGLUSDT	+0.0041%	8h	357.03	+0.087%	$72.0M	$143.7M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	+0.107%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.84	+0.034%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.74	+0.006%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.82	+0.028%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.70	−0.006%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.98	+0.073%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0062%	4h	356.95	+0.064%	$208K	$1.2M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	356.81	+0.025%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.89	+0.048%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.81	+0.026%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.036%	$3.0M	$100K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.81	+0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.87	+0.042%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.85	+0.038%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.00	+0.078%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0141%	8h	357.05	+0.093%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0162%	8h	356.99	+0.076%	$689K	$236K	20x	as long as short