Funding you earn now, next payment 03:00 UTC−0.0012%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.019%
Price spread now: QFEX against Arcus+0.073%7-day average +0.055% · 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−$29as in the Price arb table
costs, in and out, $10k−$310.313% of the position
Funding, last 4 days (all we have)−0.097%−$10 on $10k
+Price spread, last 4 days (all we have)−0.028%−$3 · spread now +0.073%, 7d avg +0.055%
=The price spread sits at its 7-day average of +0.055%, so right now this pair is about funding alone: $0 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 | 357.30 | 0.0040 | pay 0.0005% / 1h | 54m 52s | $202K | $272K | 10x |
| Short | QFEX GOOGL-USD | 357.56 | 0.0028 | get 0.0003% / 1h | 54m 52s | $1.3M | $4.4M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2.6
- Price spread: +0.073% → +0.055%
- $1.82
- Slippage, 4 orders
- −$16.77
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$32.04
- Costs to cover
- 0.313%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 9 min ago; QFEX: live order book, 8 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, 9 min ago | 2.66 bp | 9.1 bp −$9 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 8 min ago | 1.12 bp | 6.1 bp −$6 | 6.1 bp −$61 | 11.7 bp −$1,170 | doesn't fit |
GOOGL on 35 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 | −0.0064% | 1h | 357.41 | +0.031% | $524K | $1.1M | 10x | as long as short |
| Nado GOOGL-PERP | −0.0055% | 1h | 357.52 | +0.060% | $558K | $80K | 20x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 357.54 | +0.067% | $3.6M | $7.5M | 100x | as long as short |
| Variational Omni GOOGL | 0.0000% | 8h | 357.58 | +0.077% | $4.8M | $2.4M | — | as long as short |
| GRVT GOOGL_USDT_Perp | 0.0000% | 8h | 357.57 | +0.075% | $24K | $436K | 10x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.66 | +0.101% | $1K | $4.1M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 357.45 | +0.042% | $23K | $154K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.77 | +0.132% | $115K | $223K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.64 | +0.095% | $2.7M | $74K | 10x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0006% | 1h | 357.23 | −0.020% | $144K | $50K | 10x | as long as short |
Show all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOOGL-USDshort | +0.0028% | 1h | 357.56 | +0.073% | $1.3M | $4.4M | 10x | |
| Lighter RH GOOGL | +0.0032% | 1h | 357.69 | +0.109% | $1.3M | $2.3M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.050% | $128K | $45K | 30x | as long as short |
| Bitget GOOGLUSDT | +0.0034% | 8h | 357.64 | +0.095% | $17.0M | $9.3M | 100x | as long as short |
| Bybit GOOGLUSDT | +0.0038% | 8h | 357.73 | +0.120% | $11.7M | $7.4M | 100x | as long as short |
| Arcus GOOGL-USDlong | +0.0040% | 1h | 357.30 | long leg | $202K | $272K | 10x | |
| Aster GOOGLUSDT | +0.0041% | 8h | 357.52 | +0.062% | $365K | $458K | 20x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.76 | +0.129% | — | $5K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 357.47 | +0.048% | $99.0M | $22.5M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.28 | −0.006% | $685K | $431K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.46 | +0.045% | $149 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.24 | −0.017% | $2.3M | $4.8M | 15x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0055% | 8h | 357.65 | +0.098% | $293 | $253 | 5x | as long as short |
| Binance GOOGLUSDT | +0.0061% | 8h | 357.69 | +0.109% | $72.9M | $141.5M | 50x | as long as short |
| Extended GOOGL-USD | +0.0064% | 1h | 357.58 | +0.080% | $421K | $1.8M | 20x | as long as short |
| Hotstuff GOOGL-PERP | +0.0064% | 1h | 357.45 | +0.042% | $33K | — | 20x | as long as short |
| Phoenix GOOGL | +0.0090% | 1h | 357.27 | −0.008% | $137K | $36K | 20x | as long as short |
| Lighter GOOGL | +0.0096% | 1h | 357.71 | +0.115% | $2.1M | $1.2M | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.39 | +0.025% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.22 | −0.022% | $3.0M | $65K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.42 | +0.034% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.46 | +0.045% | $10K | $10K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.48 | +0.052% | $25K | — | 10x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0142% | 8h | 357.71 | +0.115% | $13.8M | $12.5M | 50x | as long as short |
| edgeX GOOGLUSDC | +0.0298% | 4h | 357.53 | +0.064% | $209K | $1.2M | 10x | as long as short |
Coinbase International GOOGL-PERP-INTX
Gate GOOGL_USDT
Variational Omni GOOGL
GRVT GOOGL_USDT_Perp
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aftermath Perps GOOGLUSD
Lighter RH GOOGL
Injective GOOGL/USDC PERP
Bitget GOOGLUSDT
Bybit GOOGLUSDT
Aster GOOGLUSDT
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Paradex GOOGL-USD-PERP
Binance GOOGLUSDT
Extended GOOGL-USD
Phoenix GOOGL
Lighter GOOGL
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
OKX GOOGL-USDT-SWAP
edgeX GOOGLUSDC