Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h −0.031%

Price spread now: Arcus against OKX−0.081%47s7-day average −0.074% · 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−$300.300% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.081%, 7d avg −0.074%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 47 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	OKX GOOGL-USDT-SWAP	357.62	0	get 0.0000% / 8h	15m 47s	$13.6M	$12.8M	50x
Short	Arcus GOOGL-USD	357.33	0.0040	get 0.0005% / 1h	15m 47s	$208K	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.081%Rate

Funding earned: $8.46
Price spread: −0.081% → −0.074%: −$0.69
Slippage, 4 orders: −$15.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$22.23
Costs to cover: 0.300%
Break-even: 25.4 days

Slippage from OKX: live order book, 2 min ago; Arcus: live order book, 23 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 OKX live order book, 2 min ago	0.14 bp	6.6 bp −$7	10.9 bp −$109	doesn't fit	doesn't fit
Sell Arcus live order book, 23 min ago	1.68 bp	8.9 bp −$9	11.1 bp −$111	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
Deribit GOOGL_USDC-PERPETUAL	−0.0281%	1h	357.31	−0.087%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.148%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0008%	1h	357.49	−0.036%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAPlong	0.0000%	8h	357.62	long leg	$13.6M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	357.51	−0.031%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.67	+0.014%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	0.000%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	−0.017%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.67	+0.014%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.77	+0.042%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.69	+0.020%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.82	+0.056%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.42	−0.057%	$144K	$44K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	357.45	−0.048%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.67	+0.014%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	−0.008%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.59	−0.010%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.140%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.58	−0.011%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.33	−0.081%	$208K	$279K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.78	+0.045%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.034%	$98.2M	$21.4M	20x	as long as short
KuCoin GOOGLUSDTM	+0.0050%	8h	357.16	−0.129%	$3.0M	$106K	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.41	−0.059%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.43	−0.053%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.120%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.62	0.000%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0084%	8h	357.67	+0.014%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.41	−0.059%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.36	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	−0.023%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.67	+0.014%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.32	−0.084%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0113%	8h	357.61	−0.003%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0159%	4h	357.53	−0.026%	$208K	$1.2M	10x	as long as short