Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.004%

Price spread now: Arcus against Orderly−0.098%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Arcus is 0.098% cheaper against Orderly than usual: you would sell low and buy high (spread −0.098% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	358.51	0.0100	pay 0.0100% / 8h	5h 54m	$10K	$11K	20x
Short	Arcus GOOGL-USD	358.16	0.0199	get 0.0025% / 1h	54m 33s	$211K	$195K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Orderly. 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 OrderlybpFee ArcusbpOrdersPrice spread, now −0.098%Rate

Funding earned: $20.88
Price spread: −0.098% → 0.000%: −$9.76
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $0.62
Costs to cover: 0.105%
Break-even: 6.8 days

Slippage unknown: Orderly: no order-book sample; Arcus: live order book, 57 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Arcus live order book, 57 min ago	2.65 bp	6.3 bp −$6	7.0 bp −$70	16.8 bp −$1,676	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.90	−0.170%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	358.24	−0.075%	$522K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.36	−0.042%	$11.5M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.47	−0.011%	$13.5M	$13.6M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.34	−0.047%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.46	−0.014%	$17.5M	$9.8M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.61	+0.028%	$2K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.34	−0.047%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.68	+0.047%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.65	+0.039%	$2.7M	$114K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0013%	8h	358.41	−0.027%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.58	+0.021%	$145K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.30	−0.059%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.388%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.43	−0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.08	−0.120%	$98.0M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.23	−0.078%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.30	−0.059%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.18	−0.092%	$2.3M	$3.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.32	−0.053%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	358.22	−0.080%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0063%	8h	358.39	−0.033%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0075%	1h	358.12	−0.108%	$552K	$82K	20x	as long as short
Lighter GOOGL	+0.0080%	1h	358.28	−0.064%	$2.0M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.30	−0.060%	$426K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0082%	8h	358.40	−0.030%	$73.2M	$144.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.33	−0.050%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.26	−0.070%	$3.0M	$245K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.70	+0.053%	$27K	$13K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	358.51	long leg	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	358.48	−0.007%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.95	+0.123%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0160%	8h	358.75	+0.067%	$23K	$450K	10x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	358.66	+0.041%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USDshort	+0.0199%	1h	358.16	−0.098%	$211K	$195K	10x
BloFin GOOGL-USDT	+0.0205%	8h	358.61	+0.028%	$689K	$242K	20x	as long as short