Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h +0.003%

Price spread now: Variational Omni against Arcus+0.031%7-day average +0.055% · you sell dearer than you buy

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

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.031%, 7d avg +0.055%

Together, before fees−0.173%+ Points / potential airdropVariational Omni: Active · farm board−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.024% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	356.27	0.0169	pay 0.0021% / 1h	25m 59s	$202K	$271K	10x
Short	Variational Omni GOOGL	356.38	0	get 0.0000% / 8h	1h 25m	$4.6M	$2.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.031%Rate

Funding earned: −$35.56
Price spread: +0.031% → +0.055%: −$2.45
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.51
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 58 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 58 min ago	1.54 bp	5.4 bp −$5	9.7 bp −$97	19.2 bp −$1,923	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	5.2 bp −$52	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	356.19	−0.022%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	356.31	+0.011%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.38	+0.031%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	356.38	+0.031%	$4.6M	$2.5M	—
SunX GOOGL-USDT	0.0000%	8h	356.56	+0.081%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.63	+0.101%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.079%	$2.7M	$64K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0012%	8h	356.44	+0.048%	$23K	$484K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.23	−0.012%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.49	+0.062%	$1.4M	$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
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.239%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.41	+0.039%	$1.3M	$4.8M	10x	as long as short
Bybit GOOGLUSDT	+0.0046%	8h	356.51	+0.067%	$11.5M	$7.7M	100x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.38	+0.031%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.26	−0.003%	$98.1M	$25.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.003%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.31	+0.011%	$190	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.028%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0065%	8h	356.57	+0.085%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0080%	8h	356.41	+0.038%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0081%	8h	356.56	+0.081%	$16.9M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.46	+0.053%	$422K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0088%	8h	356.52	+0.070%	$13.8M	$12.8M	50x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	356.52	+0.070%	$73.0M	$142.3M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.43	+0.045%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.03	−0.067%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.08	−0.053%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.36	+0.025%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.35	+0.022%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0130%	1h	356.19	−0.023%	$558K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.37	+0.028%	$137K	$48K	20x	as long as short
Arcus GOOGL-USDlong	+0.0169%	1h	356.27	long leg	$202K	$271K	10x
BloFin GOOGL-USDT	+0.0209%	8h	356.55	+0.079%	$688K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.49	+0.062%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0452%	1h	356.36	+0.025%	$22K	$151K	10x	as long as short
edgeX GOOGLUSDC	+0.0803%	4h	356.45	+0.050%	$208K	$1.2M	10x	as long as short