Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.034%

Price spread now: Gate against Arcus+0.045%7-day average +0.051% · 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−$44as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Arcus Short on Gate

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)+0.018%+$2 · spread now +0.045%, 7d avg +0.051%

Together, before fees−0.103%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, 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	Arcus GOOGL-USD	357.64	0.0040	pay 0.0005% / 1h	3m 14s	$208K	$277K	10x
Short	Gate GOOGL_USDT	357.80	0	get 0.0000% / 8h	5h 03m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.045%Rate

Funding earned: −$8.46
Price spread: +0.045% → +0.051%: −$0.65
Slippage, 4 orders: −$23.54
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$52.15
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Arcus: live order book, 60 min ago; Gate: live order book, 5 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	2.66 bp	9.1 bp −$9	16.4 bp −$164	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	1.82 bp	13.8 bp −$14	22.9 bp −$229	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	−0.0064%	1h	357.46	−0.050%	$524K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.65	+0.003%	$33K	—	20x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.63	−0.003%	$558K	$80K	20x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.80	+0.045%	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	357.92	+0.077%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.92	+0.078%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.94	+0.084%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.96	+0.089%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.00	+0.101%	$2.7M	$81K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.68	+0.011%	$24K	$155K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0006%	1h	357.62	−0.004%	$144K	$50K	10x	as long as short
Aster GOOGLUSDT	+0.0028%	8h	357.65	+0.002%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.80	+0.045%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.93	+0.081%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.145%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	357.64	long leg	$208K	$277K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.85	+0.059%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.86	+0.062%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0048%	8h	357.96	+0.090%	$73.1M	$141.4M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.70	+0.017%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.67	+0.008%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.70	+0.017%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.61	−0.008%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0061%	8h	357.94	+0.084%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0074%	8h	357.82	+0.051%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	+0.056%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.47	−0.048%	$3.0M	$70K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.60	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.64	0.000%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.75	+0.030%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0105%	8h	358.06	+0.117%	$12.0M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0107%	8h	357.89	+0.070%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.78	+0.039%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.97	+0.092%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0168%	8h	357.94	+0.084%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0510%	4h	357.91	+0.077%	$209K	$1.2M	10x	as long as short