Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.017%

Price spread now: Arcus against Aster−0.132%7-day average −0.074% · 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−$61as in the Price arb table

costs, in and out, $10k−$550.547% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.132%, 7d avg −0.074%

Together, before fees+0.095%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.058% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.10	0.0033	pay 0.0033% / 8h	1h 41m	$365K	$424K	20x
Short	Arcus GOOGL-USD	356.63	0.0040	get 0.0005% / 1h	41m 38s	$207K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.132%Rate

Funding earned: $1.47
Price spread: −0.132% → −0.074%: −$5.84
Slippage, 4 orders: −$42.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$59.09
Costs to cover: 0.547%
Break-even: 288.9 days

Slippage from Aster: live order book, 66 min ago; Arcus: live order book, 2 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 Aster live order book, 66 min ago	3.64 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 2 min ago	2.66 bp	10.3 bp −$10	12.6 bp −$126	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	356.60	−0.140%	$511K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	356.68	−0.118%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.86	−0.068%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.72	−0.107%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.00	−0.028%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.94	−0.045%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.01	−0.026%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.92	−0.051%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.65	−0.126%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.06	−0.012%	$115K	$212K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.06	−0.012%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.68	−0.118%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.78	−0.090%	$1.3M	$2.1M	20x	as long as short
Aster GOOGLUSDTlong	+0.0033%	8h	357.10	long leg	$365K	$424K	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.005%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0034%	1h	356.65	−0.127%	$549K	$90K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.80	−0.084%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	356.63	−0.132%	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.91	−0.054%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.63	−0.132%	$98.0M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.66	−0.124%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	−0.129%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.39	−0.199%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.73	−0.105%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0055%	8h	356.81	−0.080%	$72.0M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.74	−0.102%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.69	−0.115%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.63	−0.133%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.143%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.76	−0.096%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.70	−0.112%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.77	−0.092%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0144%	1h	356.80	−0.084%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0174%	8h	356.92	−0.051%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	356.89	−0.059%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0400%	4h	356.88	−0.063%	$208K	$1.2M	10x	as long as short