Funding you earn now, next payment 03:00 UTC−0.0088%/8h= −9.7% APRnext payment −$0.11 per $10,000 · paid last 24h −0.021%
Price spread now: Coinbase International against Arcus+0.031%7-day average −0.065% · 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−$21as in the Price arb table
costs, in and out, $10k−$300.304% of the position
Funding, last 4 days (all we have)−0.104%−$10 on $10k
+Price spread, last 4 days (all we have)+0.077%+$8 · spread now +0.031%, 7d avg −0.065%
=The price spread pays, funding is against you. Coinbase International is 0.096% dearer against Arcus than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.065%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus GOOGL-USD | 357.43 | 0.0040 | pay 0.0005% / 1h | 5m 42s | $207K | $277K | 10x |
| Short | Coinbase International GOOGL-PERP-INTX | 357.54 | −0.0048 | pay 0.0006% / 1h | 5m 42s | $526K | $1.1M | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$18.54
- Price spread: +0.031% → −0.065%
- $9.61
- Slippage, 4 orders
- −$15.92
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$39.35
- Costs to cover
- 0.304%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 53 min ago; Coinbase International: live order book, 3 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, 53 min ago | 1.68 bp | 6.8 bp −$7 | 15.5 bp −$155 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 1.96 bp | 7.0 bp −$7 | 9.9 bp −$99 | 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-INTXshort | −0.0048% | 1h | 357.54 | +0.031% | $526K | $1.1M | 10x | |
| Gate GOOGL_USDT | 0.0000% | 8h | 357.58 | +0.042% | $3.6M | $7.4M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 357.79 | +0.101% | $17.4M | $9.6M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.69 | +0.073% | $769 | $4.1M | 20x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.84 | +0.115% | $115K | $220K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.83 | +0.112% | $2.7M | $86K | 10x | as long as short |
| GRVT GOOGL_USDT_Perp | +0.0001% | 8h | 357.72 | +0.081% | $23K | $432K | 10x | as long as short |
| Variational Omni GOOGL | +0.0015% | 8h | 357.64 | +0.059% | $4.8M | $2.3M | — | as long as short |
| Hotstuff GOOGL-PERP | +0.0016% | 1h | 357.46 | +0.008% | $33K | — | 20x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0021% | 1h | 357.63 | +0.056% | $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 | 357.67 | +0.067% | $1.3M | $2.1M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.087% | $128K | $45K | 30x | as long as short |
| Arcus GOOGL-USDlong | +0.0040% | 1h | 357.43 | long leg | $207K | $277K | 10x | |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.65 | +0.062% | — | $5K | 25x | as long as short |
| QFEX GOOGL-USD | +0.0050% | 1h | 357.64 | +0.059% | $1.3M | $4.2M | 10x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.44 | +0.003% | $686K | $429K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.46 | +0.008% | $144 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.36 | −0.020% | $2.3M | $4.9M | 15x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0052% | 1h | 357.46 | +0.008% | $99.1M | $20.5M | 20x | as long as short |
| Aster GOOGLUSDT | +0.0077% | 8h | 357.83 | +0.113% | $366K | $426K | 20x | as long as short |
| Nado GOOGL-PERP | +0.0079% | 1h | 357.40 | −0.008% | $557K | $80K | 20x | as long as short |
| Extended GOOGL-USD | +0.0096% | 1h | 357.59 | +0.044% | $423K | $1.8M | 20x | as long as short |
| Binance GOOGLUSDT | +0.0097% | 8h | 357.69 | +0.072% | $72.7M | $141.2M | 50x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.64 | +0.058% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.25 | −0.050% | $3.0M | $91K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.43 | 0.000% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.50 | +0.020% | $10K | $10K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.54 | +0.031% | $25K | — | 10x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0109% | 8h | 357.58 | +0.041% | $293 | $253 | 5x | as long as short |
| Phoenix GOOGL | +0.0112% | 1h | 357.55 | +0.034% | $138K | $36K | 20x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0113% | 8h | 357.67 | +0.067% | $13.8M | $12.4M | 50x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | +0.0114% | 1h | 357.45 | +0.006% | $24K | $155K | 10x | as long as short |
| BloFin GOOGL-USDT | +0.0215% | 8h | 357.75 | +0.090% | $695K | $234K | 20x | as long as short |
| Bybit GOOGLUSDT | +0.0224% | 8h | 357.75 | +0.090% | $12.0M | $7.5M | 100x | as long as short |
| Lighter GOOGL | +0.0280% | 1h | 357.67 | +0.067% | $2.0M | $1.3M | 20x | as long as short |
| edgeX GOOGLUSDC | +0.0953% | 4h | 357.68 | +0.070% | $209K | $1.2M | 10x | as long as short |
Coinbase International GOOGL-PERP-INTX
Gate GOOGL_USDT
Bitget GOOGLUSDT
SunX GOOGL-USDT
HTX GOOGL-USDT
Phemex GOOGLUSDT
GRVT GOOGL_USDT_Perp
Variational Omni GOOGL
Aftermath Perps GOOGLUSD
Lighter RH GOOGL
Injective GOOGL/USDC PERP
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
tradeXYZ xyz:GOOGL
Aster GOOGLUSDT
Extended GOOGL-USD
Binance GOOGLUSDT
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Paradex GOOGL-USD-PERP
Phoenix GOOGL
OKX GOOGL-USDT-SWAP
Deribit GOOGL_USDC-PERPETUAL
BloFin GOOGL-USDT
Bybit GOOGLUSDT
Lighter GOOGL
edgeX GOOGLUSDC