Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h +0.013%

Price spread now: Aster against Arcus+0.130%7-day average +0.072% · 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−$39as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Arcus Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.069%−$7 · spread now +0.130%, 7d avg +0.072%

Together, before fees−0.112%+ Points / potential airdropAster: Stage 5 · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.058% dearer against Arcus than usual: you sell high and buy low (spread +0.130% now, against its 7-day average of +0.072%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 3 days (−0.043% in total) that is about 4.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	356.27	0.0169	pay 0.0021% / 1h	23m 40s	$202K	$271K	10x
Short	Aster GOOGLUSDT	356.73	0.0077	get 0.0077% / 8h	1h 23m	$362K	$455K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Arcus. 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 ArcusbpFee AsterbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$19.49
Price spread: +0.130% → +0.072%: $5.79
Slippage, 4 orders: −$32.43
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$58.63
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Arcus: live order book, 60 min ago; Aster: live order book, 59 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 Arcus live order book, 60 min ago	1.54 bp	5.4 bp −$5	9.7 bp −$97	19.2 bp −$1,923	doesn't fit
Sell Aster live order book, 59 min ago	2.11 bp	8.0 bp −$8	10.8 bp −$108	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	−0.0024%	1h	356.19	−0.022%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	356.26	−0.003%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.35	+0.022%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.53	+0.073%	$977	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.67	+0.112%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.079%	$2.7M	$64K	10x	as long as short
Variational Omni GOOGL	+0.0008%	8h	356.52	+0.070%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0012%	8h	356.44	+0.048%	$23K	$484K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.27	0.000%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.52	+0.070%	$1.4M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.239%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.48	+0.059%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.37	+0.028%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.27	0.000%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	+0.003%	$185	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.028%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0052%	8h	356.51	+0.067%	$11.5M	$7.7M	100x	as long as short
tradeXYZ xyz:GOOGL	+0.0053%	1h	356.27	0.000%	$98.1M	$24.9M	20x	as long as short
Aster GOOGLUSDTshort	+0.0077%	8h	356.73	+0.130%	$362K	$455K	20x
Bitget GOOGLUSDT	+0.0086%	8h	356.50	+0.065%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0089%	8h	356.47	+0.056%	$292	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0092%	8h	356.51	+0.067%	$13.8M	$12.8M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.41	+0.039%	$421K	$1.6M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.37	+0.028%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.11	−0.045%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.08	−0.053%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	+0.053%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0102%	8h	356.48	+0.059%	$73.0M	$142.2M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.42	+0.042%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.36	+0.025%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0135%	1h	356.14	−0.036%	$557K	$82K	20x	as long as short
Arcus GOOGL-USDlong	+0.0169%	1h	356.27	long leg	$202K	$271K	10x
BloFin GOOGL-USDT	+0.0216%	8h	356.56	+0.081%	$690K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.51	+0.067%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0536%	1h	356.43	+0.045%	$22K	$151K	10x	as long as short
edgeX GOOGLUSDC	+0.0803%	4h	356.45	+0.050%	$208K	$1.2M	10x	as long as short