Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.034%

Price spread now: Arcus against HTX−0.101%7-day average −0.102% · 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−$36as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.101%, 7d avg −0.102%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.17	0	get 0.0000% / 8h	2h 34m	$115K	$215K	30x
Short	Arcus GOOGL-USD	356.81	0.0040	get 0.0005% / 1h	34m 47s	$207K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.101%Rate

Funding earned: $8.46
Price spread: −0.101% → −0.102%: $0.11
Slippage, 4 orders: −$19.69
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$27.62
Costs to cover: 0.362%
Break-even: 29.9 days

Slippage from HTX: live order book, 12 min ago; Arcus: live order book, 14 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 HTX live order book, 12 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Arcus live order book, 14 min ago	2.10 bp	9.6 bp −$10	11.3 bp −$113	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
Gate GOOGL_USDT	0.0000%	8h	356.84	−0.092%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.99	−0.050%	$17.3M	$9.9M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.05	−0.034%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.79	−0.106%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.17	long leg	$115K	$215K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.14	−0.008%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0002%	8h	357.10	−0.018%	$23K	$445K	10x	as long as short
Variational Omni GOOGL	+0.0011%	8h	357.01	−0.045%	$4.7M	$2.4M	—	as long as short
Nado GOOGL-PERP	+0.0015%	1h	356.89	−0.078%	$557K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.87	−0.084%	$520K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.11	−0.018%	$144K	$47K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0029%	8h	356.87	−0.084%	$13.6M	$12.7M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.90	−0.076%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.014%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	356.81	−0.101%	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.14	−0.008%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.03	−0.039%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.71	−0.129%	$98.1M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.88	−0.081%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.80	−0.104%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.75	−0.118%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	356.91	−0.072%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0065%	8h	357.04	−0.036%	$365K	$426K	20x	as long as short
Binance GOOGLUSDT	+0.0085%	8h	356.89	−0.078%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.83	−0.096%	$417K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.82	−0.099%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.83	−0.095%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.87	−0.084%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.93	−0.067%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.91	−0.072%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	356.90	−0.076%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.91	−0.073%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0184%	1h	356.82	−0.098%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0206%	8h	357.20	+0.008%	$691K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0219%	8h	357.00	−0.048%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0986%	4h	357.03	−0.039%	$208K	$1.2M	10x	as long as short