Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0201%/8h= +22.0% APRpaid last 24h +0.029%

Price spread now: Arcus against GRVT−0.050%54s7-day average −0.061% · 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—prices read too far apart to compare

costs, in and out, $10k−$280.278% of the position

Long on GRVT Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.103%+$10 on $10k

Price spread, last 3 days (all we have)+0.024%+$2 · spread now −0.050%, 7d avg −0.061%

Together, before fees+0.127%+ Points / potential airdropGRVT: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	356.52	0.0049	pay 0.0049% / 8h	25m 59s	$23K	$473K	10x
Short	Arcus GOOGL-USD	356.34	0.0250	get 0.0031% / 1h	25m 59s	$202K	$271K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against GRVT. 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 GRVTbpFee ArcusbpOrdersPrice spread, now −0.050%Rate

Funding earned: $42.11
Price spread: −0.050% → −0.061%: $1.09
Slippage, 4 orders: −$14.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $15.41
Costs to cover: 0.278%
Break-even: 4.4 days

Slippage from GRVT: live order book, 52 min ago; Arcus: live order book, 52 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 GRVT live order book, 52 min ago	1.96 bp	9.6 bp −$10	13.0 bp −$130	doesn't fit	doesn't fit
Sell Arcus live order book, 52 min ago	2.25 bp	5.9 bp −$6	6.2 bp −$62	16.1 bp −$1,606	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
Hotstuff GOOGL-PERP	0.0000%	1h	356.31	−0.059%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.44	−0.022%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.63	+0.031%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.73	+0.059%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.039%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.034%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.36	−0.045%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	+0.017%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.168%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.47	−0.014%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perplong	+0.0049%	8h	356.52	long leg	$23K	$473K	10x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.31	−0.059%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.34	−0.050%	$185	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.118%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0055%	1h	356.32	−0.056%	$98.9M	$25.2M	20x	as long as short
Variational Omni GOOGL	+0.0060%	8h	356.59	+0.021%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.52	0.000%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0091%	8h	356.48	−0.011%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.20	−0.091%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.30	−0.062%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.32	−0.056%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.45	−0.020%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.47	−0.013%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0110%	8h	356.67	+0.043%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0115%	1h	356.24	−0.078%	$559K	$82K	20x	as long as short
Bybit GOOGLUSDT	+0.0115%	8h	356.63	+0.031%	$11.5M	$7.7M	100x	as long as short
Bitget GOOGLUSDT	+0.0126%	8h	356.60	+0.022%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.51	−0.003%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0131%	8h	356.57	+0.014%	$73.1M	$142.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.29	−0.065%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0167%	8h	356.65	+0.036%	$13.9M	$12.9M	50x	as long as short
Arcus GOOGL-USDshort	+0.0250%	1h	356.34	−0.050%	$202K	$271K	10x
BloFin GOOGL-USDT	+0.0251%	8h	356.65	+0.036%	$694K	$236K	20x	as long as short
Lighter GOOGL	+0.0288%	1h	356.55	+0.008%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0396%	1h	356.45	−0.020%	$23K	$152K	10x	as long as short
edgeX GOOGLUSDC	+0.0842%	4h	356.48	−0.012%	$210K	$1.2M	10x	as long as short