Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.034%

Price spread now: Arcus against Gate−0.014%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.014%, 7d avg −0.051%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Arcus is 0.037% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	358.71	0	get 0.0000% / 8h	6h 19m	$3.7M	$6.8M	100x
Short	Arcus GOOGL-USD	358.66	0.0081	get 0.0010% / 1h	19m 45s	$211K	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now −0.014%Rate

Funding earned: $17.01
Price spread: −0.014% → −0.051%: $3.73
Slippage, 4 orders: −$14.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.3
Costs to cover: 0.340%
Break-even: 12.5 days

Slippage from Gate: live order book, 2 min ago; Arcus: live order book, 31 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 Gate live order book, 2 min ago	0.98 bp	11.3 bp −$11	19.2 bp −$192	doesn't fit	doesn't fit
Sell Arcus live order book, 31 min ago	2.65 bp	6.3 bp −$6	7.0 bp −$70	16.8 bp −$1,676	doesn't fit

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
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.00	−0.198%	$516K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.89	+0.050%	$13.5M	$13.4M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	358.71	long leg	$3.7M	$6.8M	100x
Bitget GOOGLUSDT	0.0000%	8h	358.92	+0.059%	$17.5M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.85	+0.039%	$5.0M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.87	+0.045%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.04	+0.092%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.01	+0.084%	$2.7M	$106K	10x	as long as short
Bybit GOOGLUSDT	+0.0013%	8h	358.83	+0.033%	$11.5M	$7.5M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	358.62	−0.024%	$145K	$43K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	358.80	+0.025%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.443%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0041%	8h	358.55	−0.045%	$368K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.92	+0.059%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.80	+0.025%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.61	−0.028%	$98.3M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.74	+0.008%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.65	−0.017%	$114	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.50	−0.059%	$2.3M	$3.9M	15x	as long as short
Extended GOOGL-USD	+0.0056%	1h	358.81	+0.028%	$424K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0062%	8h	358.89	+0.050%	$73.3M	$141.6M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	358.77	+0.016%	$294	$253	5x	as long as short
Arcus GOOGL-USDshort	+0.0081%	1h	358.66	−0.014%	$211K	$279K	10x
Nado GOOGL-PERP	+0.0083%	1h	358.64	−0.020%	$552K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0085%	1h	358.69	−0.006%	$24K	$148K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.55	−0.046%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.50	−0.059%	$3.0M	$220K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.50	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.82	+0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.73	+0.007%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	358.63	−0.022%	$33K	—	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0115%	8h	358.84	+0.037%	$24K	$446K	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.51	−0.056%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0177%	8h	358.74	+0.008%	$687K	$238K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	358.82	+0.031%	$2.0M	$2.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0843%	4h	358.78	+0.020%	$209K	$1.2M	10x	as long as short