Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.034%

Price spread now: Arcus against HTX−0.092%7-day average −0.102% · 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−$34as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.092%, 7d avg −0.102%

Together, before fees+0.097%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.102%, 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	HTX GOOGL-USDT	357.72	0	get 0.0000% / 8h	2m 38s	$115K	$210K	30x
Short	Arcus GOOGL-USD	357.39	0.0040	get 0.0005% / 1h	2m 38s	$208K	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.092%Rate

Funding earned: $8.46
Price spread: −0.092% → −0.102%: $0.97
Slippage, 4 orders: −$18.67
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.74
Costs to cover: 0.352%
Break-even: 28.3 days

Slippage from HTX: live order book, 34 min ago; Arcus: live order book, 36 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 HTX live order book, 34 min ago	2.80 bp	8.8 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell Arcus live order book, 36 min ago	1.68 bp	8.9 bp −$9	11.1 bp −$111	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	−0.0048%	1h	357.09	−0.176%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0004%	1h	357.32	−0.113%	$549K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.46	−0.073%	$13.6M	$12.9M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.42	−0.084%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.51	−0.059%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.69	−0.008%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	−0.040%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.58	−0.039%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	−0.031%	$2K	$4.0M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.72	long leg	$115K	$210K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.70	−0.006%	$2.7M	$88K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.39	−0.092%	$24K	$157K	10x	as long as short
Aster GOOGLUSDT	+0.0004%	8h	357.73	+0.004%	$366K	$422K	20x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.49	−0.063%	$427K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.66	−0.017%	$144K	$44K	10x	as long as short
Binance GOOGLUSDT	+0.0027%	8h	357.58	−0.039%	$72.1M	$143.2M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.46	−0.073%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.168%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.47	−0.070%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.39	−0.092%	$208K	$279K	10x
KuCoin GOOGLUSDTM	+0.0044%	8h	357.19	−0.148%	$3.0M	$115K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.70	−0.006%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.45	−0.075%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.101%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.36	−0.101%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.112%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.46	−0.073%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0075%	8h	357.62	−0.028%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.38	−0.094%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.32	−0.112%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.52	−0.056%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0103%	8h	357.61	−0.031%	$688K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.47	−0.070%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.39	−0.092%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.54	−0.050%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDC	+0.0623%	4h	357.57	−0.042%	$209K	$1.2M	10x	as long as short