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 −0.031%

Price spread now: Arcus against OKX−0.064%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−$29as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on OKX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.064%, 7d avg −0.074%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, 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	OKX GOOGL-USDT-SWAP	357.64	0	get 0.0000% / 8h	6m 12s	$13.6M	$12.8M	50x
Short	Arcus GOOGL-USD	357.41	0.0040	get 0.0005% / 1h	6m 12s	$208K	$279K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against OKX. 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 OKXbpFee ArcusbpOrdersPrice spread, now −0.064%Rate

Funding earned: $8.46
Price spread: −0.064% → −0.074%: $0.99
Slippage, 4 orders: −$15.3
Fee OKX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$20.35
Costs to cover: 0.298%
Break-even: 23.8 days

Slippage from OKX: live order book, 2 min ago; Arcus: live order book, 32 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 OKX live order book, 2 min ago	0.14 bp	6.3 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Arcus live order book, 32 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	−0.154%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0010%	1h	357.37	−0.075%	$550K	$88K	20x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	357.34	−0.084%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAPlong	0.0000%	8h	357.64	long leg	$13.6M	$12.8M	50x
Gate GOOGL_USDT	0.0000%	8h	357.50	−0.039%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.66	+0.006%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.014%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.027%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	−0.008%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.42	−0.062%	$24K	$157K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.74	+0.028%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.034%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0002%	8h	357.71	+0.020%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.63	−0.002%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.53	−0.031%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	357.62	−0.006%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.48	−0.045%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.145%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.50	−0.039%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.41	−0.064%	$208K	$279K	10x
KuCoin GOOGLUSDTM	+0.0042%	8h	357.18	−0.129%	$3.0M	$111K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	+0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.37	−0.075%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.35	−0.081%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.36	−0.078%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.067%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	357.50	−0.039%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	357.58	−0.017%	$11.5M	$7.8M	100x	as long as short
BloFin GOOGL-USDT	+0.0100%	8h	357.61	−0.008%	$687K	$236K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.33	−0.087%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.36	−0.078%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.44	−0.056%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.56	−0.022%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.55	−0.025%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.69	+0.015%	$209K	$1.2M	10x	as long as short