Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.034%

Price spread now: SunX against Arcus+0.104%7-day average +0.071% · 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−$115as in the Price arb table

costs, in and out, $10k−$1181.183% of the position

Long on Arcus Short on SunX

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)−0.004%$0 · spread now +0.104%, 7d avg +0.071%

Together, before fees−0.128%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.033% dearer against Arcus than usual: you sell high and buy low (spread +0.104% now, against its 7-day average of +0.071%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. At the pace of the last 4 days (−0.123% in total) that is about 24 hours.

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	17m 21s	$208K	$279K	10x
Short	SunX GOOGL-USDT	357.67	0	get 0.0000% / 8h	17m 21s	$1K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.104%Rate

Funding earned: −$8.46
Price spread: +0.104% → +0.071%: $3.26
Slippage, 4 orders: −$105.78
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$123.48
Costs to cover: 1.183%
Break-even: never at this rate

Slippage from Arcus: live order book, 21 min ago; SunX: live order book, 11 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, 21 min ago	1.68 bp	8.6 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	45.88 bp	50.4 bp −$50	doesn't fit	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
Deribit GOOGL_USDC-PERPETUAL	−0.0114%	1h	357.31	+0.003%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.059%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0007%	1h	357.39	+0.025%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.60	+0.084%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.43	+0.036%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.66	+0.101%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.51	+0.059%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	+0.073%	$23K	$449K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.67	+0.104%	$1K	$4.0M	20x
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.137%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.60	+0.084%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.79	+0.136%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.38	+0.023%	$144K	$44K	10x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.68	+0.106%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.081%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.58	+0.078%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.050%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.47	+0.048%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	357.30	long leg	$208K	$279K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.120%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.44	+0.039%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	+0.017%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.37	+0.020%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.031%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	+0.059%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0051%	8h	357.07	−0.064%	$3.0M	$105K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.32	+0.006%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	+0.0085%	8h	357.65	+0.098%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.32	+0.006%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	+0.053%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.47	+0.049%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.64	+0.095%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	+0.006%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0113%	8h	357.61	+0.087%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0159%	4h	357.53	+0.063%	$208K	$1.2M	10x	as long as short