Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0228%/8hpaid last 24h +0.008%

Price spread now: Arcus against Bitget+0.037%50s7-day average −0.066% · 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—prices read too far apart to compare

costs, in and out, $10k−$300.299% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.117%−$12 · spread now +0.037%, 7d avg −0.066%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Arcus is 0.102% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.066%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GOOGLUSDT	355.77	0.0088	pay 0.0088% / 8h	4h 04m	$17.1M	$8.8M	100x
Short	Arcus GOOGL-USD	355.90	0.0316	get 0.0039% / 1h	4m 46s	$201K	$302K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bitget. 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 BitgetbpFee ArcusbpOrdersPrice spread, now +0.037%Rate

Funding earned: $47.83
Price spread: +0.037% → −0.066%: $10.22
Slippage, 4 orders: −$13.4
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $28.15
Costs to cover: 0.299%
Break-even: 2.9 days

Slippage from Bitget: live order book, 3 min ago; Arcus: live order book, 28 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 Bitget live order book, 3 min ago	0.56 bp	9.6 bp −$10	12.6 bp −$126	doesn't fit	doesn't fit
Sell Arcus live order book, 28 min ago	1.54 bp	4.3 bp −$4	5.3 bp −$53	7.8 bp −$778	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
Hotstuff GOOGL-PERP	−0.0024%	1h	356.00	+0.065%	$33K	—	20x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.04	+0.077%	$362K	$486K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	355.84	+0.020%	$11.3M	$7.2M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	355.69	−0.022%	$3.6M	$7.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.05	+0.080%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.14	+0.104%	$23K	$527K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.11	+0.096%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.12	+0.098%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.18	+0.115%	$2.7M	$62K	10x	as long as short
edgeX GOOGLUSDC	+0.0006%	4h	356.21	+0.124%	$208K	$1.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0007%	8h	355.83	+0.017%	$13.8M	$12.6M	50x	as long as short
Binance GOOGLUSDT	+0.0015%	8h	355.79	+0.006%	$72.7M	$138.2M	50x	as long as short
Extended GOOGL-USD	+0.0016%	1h	355.98	+0.059%	$418K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	355.17	−0.169%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.379%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.13	+0.101%	$1.3M	$4.6M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.00	+0.065%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.46	−0.087%	$98.0M	$25.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	355.81	+0.011%	$690K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.79	+0.006%	$219	$45K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.83	+0.017%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	356.08	+0.086%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	355.82	+0.014%	$555K	$79K	20x	as long as short
BloFin GOOGL-USDT	+0.0059%	8h	355.96	+0.053%	$697K	$225K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.77	0.000%	$513K	$1.0M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	355.84	+0.020%	$23K	$149K	10x	as long as short
Bitget GOOGLUSDTlong	+0.0088%	8h	355.77	long leg	$17.1M	$8.8M	100x
Phoenix GOOGL	+0.0090%	1h	355.86	+0.025%	$137K	$48K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0094%	1h	355.97	+0.058%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.90	+0.037%	$43K	$44K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.69	−0.022%	$3.0M	$69K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.91	+0.039%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	355.79	+0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	355.93	+0.046%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	355.19	−0.163%	$2.0M	$1.2M	20x	as long as short
Arcus GOOGL-USDshort	+0.0316%	1h	355.90	+0.037%	$201K	$302K	10x