Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0022%/8h= −2.4% APRpaid last 24h −0.006%

Price spread now: Bitget against Arcus+0.084%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−$320.318% of the position

Long on Arcus Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.084%, 7d avg +0.066%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. 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	Arcus GOOGL-USD	357.52	0.0040	pay 0.0005% / 1h	39m 46s	$208K	$277K	10x
Short	Bitget GOOGLUSDT	357.82	0.0018	get 0.0018% / 8h	4h 39m	$17.5M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$4.68
Price spread: +0.084% → +0.066%: $1.78
Slippage, 4 orders: −$15.29
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.68
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Arcus: live order book, 19 min ago; Bitget: live order book, 4 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, 19 min ago	1.68 bp	6.8 bp −$7	15.5 bp −$155	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.84 bp	8.1 bp −$8	11.5 bp −$115	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	357.54	+0.006%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	+0.034%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	+0.053%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.78	+0.073%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.77	+0.070%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.106%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.84	+0.090%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.54	+0.006%	$24K	$155K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0012%	1h	357.63	+0.030%	$144K	$49K	10x	as long as short
Bitget GOOGLUSDTshort	+0.0018%	8h	357.82	+0.084%	$17.5M	$9.6M	100x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.74	+0.062%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.112%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	357.52	long leg	$208K	$277K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.059%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.67	+0.042%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.51	−0.003%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	0.000%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.28	−0.067%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0054%	8h	357.89	+0.104%	$366K	$457K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0056%	1h	357.51	−0.003%	$99.0M	$20.5M	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.65	+0.036%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0074%	8h	357.74	+0.062%	$73.1M	$141.3M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	−0.013%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.31	−0.059%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.40	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.60	+0.022%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.54	+0.006%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.63	+0.030%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0107%	1h	357.46	−0.016%	$558K	$80K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0109%	8h	357.68	+0.044%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.51	−0.003%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0115%	8h	357.72	+0.056%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0177%	8h	357.83	+0.087%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0193%	8h	357.77	+0.070%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0304%	1h	357.75	+0.064%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0546%	4h	357.75	+0.064%	$209K	$1.2M	10x	as long as short