Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0060%/8h= −6.5% APRpaid last 24h +0.004%

Price spread now: Arcus against KuCoin+0.067%7-day average +0.007% · 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−$206as in the Price arb table

costs, in and out, $10k−$2122.119% of the position

Long on KuCoin Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.101%−$10 · spread now +0.067%, 7d avg +0.007%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.060% dearer against KuCoin than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.007%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.3 days. Mind the row above: over the last 4 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.88	0.0100	pay 0.0100% / 8h	2h 04m	$3.0M	$106K	20x
Short	Arcus GOOGL-USD	357.12	0.0040	get 0.0005% / 1h	4m 49s	$207K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.067%Rate

Funding earned: −$12.54
Price spread: +0.067% → +0.007%: $6
Slippage, 4 orders: −$195.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$218.4
Costs to cover: 2.119%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Arcus: live order book, 44 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 KuCoin live order book, 2 min ago	6.16 bp	142.1 bp −$142	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 44 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
Nado GOOGL-PERP	−0.0023%	1h	357.15	+0.076%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.28	+0.112%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.23	+0.098%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.39	+0.143%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.30	+0.118%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	+0.140%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.38	+0.140%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.10	+0.062%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.41	+0.149%	$115K	$214K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.168%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0008%	1h	357.12	+0.067%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	0.000%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.112%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	+0.112%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.067%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.12	+0.067%	$207K	$278K	10x
Aster GOOGLUSDT	+0.0044%	8h	357.45	+0.160%	$366K	$426K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	+0.146%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.101%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.06	+0.050%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	+0.070%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.13	+0.070%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	+0.042%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.27	+0.108%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.26	+0.107%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.30	+0.118%	$72.0M	$143.6M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.09	+0.060%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.88	long leg	$3.0M	$106K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	+0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	+0.076%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	+0.096%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.29	+0.115%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	+0.092%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0185%	8h	357.36	+0.134%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0194%	8h	357.35	+0.132%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0663%	4h	357.31	+0.121%	$208K	$1.2M	10x	as long as short