Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0175%/8h= +19.1% APRpaid last 24h +0.055%

Price spread now: BloFin against Arcus−0.006%755s7-day average +0.070% · 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—prices read too far apart to compare

costs, in and out, $10k−$320.322% of the position

Long on Arcus Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.006%, 7d avg +0.070%

Together, before fees+0.185%+$18 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.076% cheaper against Arcus than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.070%). If the spread goes back, that is −$8 on $10k: about 35 hours of funding at the current rate (+$5 a day). The two prices were read 755 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	356.49	0.0040	pay 0.0005% / 1h	36m 19s	$202K	$272K	10x
Short	BloFin GOOGL-USDT	356.47	0.0215	get 0.0215% / 8h	6h 36m	$651K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.006%Rate

Funding earned: $36.7
Price spread: −0.006% → +0.070%: −$7.57
Slippage, 4 orders: −$15.7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$3.08
Costs to cover: 0.322%
Break-even: 7.6 days

Slippage from Arcus: live order book, 32 min ago; BloFin: live order book, 30 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, 32 min ago	2.11 bp	10.2 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell BloFin live order book, 30 min ago	0.14 bp	6.6 bp −$7	7.7 bp −$77	15.7 bp −$1,566	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	356.40	−0.025%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.042%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.74	+0.070%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.79	+0.084%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.067%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	+0.079%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.52	+0.008%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.121%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.087%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	356.59	+0.028%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.47	−0.006%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	+0.070%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.83	+0.095%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.177%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.048%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	356.49	long leg	$202K	$272K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.85	+0.101%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.70	+0.059%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	−0.003%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.69	+0.056%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.006%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.79	+0.084%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.052%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	+0.077%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.69	+0.057%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	+0.036%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0093%	8h	356.79	+0.084%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.70	+0.059%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	+0.007%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.38	−0.031%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	+0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.65	+0.045%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.61	+0.033%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.96	+0.132%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.93	+0.123%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDTshort	+0.0215%	8h	356.47	−0.006%	$651K	$234K	20x