Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.034%

Price spread now: Arcus against SunX−0.089%7-day average −0.070% · 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−$116as in the Price arb table

costs, in and out, $10k−$1151.145% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.097%−$10 · spread now −0.089%, 7d avg −0.070%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.070%, 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	SunX GOOGL-USDT	357.73	0	get 0.0000% / 8h	4h 23m	$1K	$4.1M	20x
Short	Arcus GOOGL-USD	357.41	0.0040	get 0.0005% / 1h	23m 36s	$207K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.089%Rate

Funding earned: $8.46
Price spread: −0.089% → −0.070%: −$1.91
Slippage, 4 orders: −$102.05
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$108
Costs to cover: 1.145%
Break-even: 96.4 days

Slippage from SunX: live order book, 5 min ago; Arcus: live order book, 35 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 SunX live order book, 5 min ago	44.87 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 35 min ago	1.68 bp	9.1 bp −$9	11.0 bp −$110	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.54	−0.053%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.74	+0.003%	$17.5M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.64	−0.025%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.72	−0.004%	$23K	$434K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.73	long leg	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.36	−0.103%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.028%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.74	+0.003%	$2.7M	$86K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	357.63	−0.028%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.77	+0.011%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.171%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.41	−0.089%	$207K	$277K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.66	−0.020%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.020%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.53	−0.056%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.50	−0.064%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.45	−0.078%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.31	−0.117%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.43	−0.084%	$33K	—	20x	as long as short
edgeX GOOGLUSDC	+0.0062%	4h	357.64	−0.026%	$209K	$1.2M	10x	as long as short
Aster GOOGLUSDT	+0.0066%	8h	357.91	+0.051%	$366K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0086%	8h	357.77	+0.010%	$73.1M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.67	−0.016%	$426K	$1.8M	20x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.46	−0.074%	$558K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	−0.083%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.36	−0.103%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	−0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.63	−0.028%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.046%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0108%	8h	357.64	−0.024%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.46	−0.075%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.70	−0.008%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0203%	8h	357.85	+0.034%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0204%	8h	357.70	−0.008%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0280%	1h	357.76	+0.008%	$2.0M	$1.3M	20x	as long as short