Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0099%/8h= −10.9% APRpaid last 24h −0.004%

Price spread now: Orderly against Arcus+0.098%7-day average — · you sell dearer than you buy

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

Long on Arcus Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Orderly is 0.098% dearer against Arcus than usual: you sell high and buy low (spread +0.098% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	358.16	0.0199	pay 0.0025% / 1h	54m 42s	$211K	$195K	10x
Short	Orderly PERP_GOOGL_USDC	358.51	0.0100	get 0.0100% / 8h	5h 54m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.098%Rate

Funding earned: −$20.88
Price spread: +0.098% → 0.000%: $9.77
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.61
Costs to cover: 0.105%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 56 min ago; Orderly: no order-book sample. 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 Arcus live order book, 56 min ago	2.65 bp	4.9 bp −$5	10.7 bp −$107	20.9 bp −$2,085	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.90	−0.073%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	358.24	+0.022%	$522K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.36	+0.056%	$11.5M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.47	+0.087%	$13.6M	$13.6M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.34	+0.050%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.43	+0.075%	$17.5M	$9.8M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.61	+0.126%	$2K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.34	+0.050%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.68	+0.145%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.65	+0.137%	$2.7M	$114K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0013%	8h	358.41	+0.071%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.58	+0.118%	$145K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.30	+0.039%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.290%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.64	+0.134%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.14	−0.006%	$98.0M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.48	+0.089%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.30	+0.039%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.18	+0.006%	$2.3M	$3.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.46	+0.084%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	358.22	+0.017%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0063%	8h	358.39	+0.064%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0074%	1h	358.37	+0.059%	$553K	$82K	20x	as long as short
Lighter GOOGL	+0.0080%	1h	358.28	+0.034%	$2.0M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.30	+0.038%	$426K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0082%	8h	358.41	+0.070%	$73.2M	$144.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.33	+0.048%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.26	+0.028%	$3.0M	$245K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.70	+0.151%	$27K	$13K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	358.51	+0.098%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	358.48	+0.090%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.95	+0.221%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0160%	8h	358.75	+0.165%	$23K	$450K	10x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	358.66	+0.138%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USDlong	+0.0199%	1h	358.16	long leg	$211K	$195K	10x
BloFin GOOGL-USDT	+0.0205%	8h	358.61	+0.126%	$689K	$242K	20x	as long as short