Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0303%/8h= −33.1% APRpaid last 24h −0.037%

Price spread now: HTX against Arcus+0.056%7-day average +0.102% · 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−$28as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.125%−$13 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now +0.056%, 7d avg +0.102%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and HTX is 0.046% cheaper against Arcus than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	357.05	0.0303	pay 0.0038% / 1h	49m 09s	$212K	$217K	10x
Short	HTX GOOGL-USDT	357.25	0	get 0.0000% / 8h	4h 49m	$115K	$212K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.056%Rate

Funding earned: −$63.57
Price spread: +0.056% → +0.102%: −$4.6
Slippage, 4 orders: −$6.66
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$91.33
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Arcus: live order book, 57 min ago; HTX: live order book, 55 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, 57 min ago	0.42 bp	2.9 bp −$3	6.9 bp −$69	17.6 bp −$1,757	doesn't fit
Sell HTX live order book, 55 min ago	2.79 bp	8.8 bp −$9	15.9 bp −$159	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.0072%	1h	357.34	+0.081%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	+0.006%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.18	+0.036%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.14	+0.025%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.06	+0.003%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.16	+0.031%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.44	+0.109%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.51	+0.129%	$12K	$463K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.16	+0.031%	$1K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.91	−0.039%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDTshort	0.0000%	8h	357.25	+0.056%	$115K	$212K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.44	+0.109%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0031%	8h	357.30	+0.071%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.15	+0.028%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.16	+0.032%	$144K	$41K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.020%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0036%	1h	357.07	+0.005%	$550K	$86K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	+0.064%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.06	+0.002%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0048%	8h	357.19	+0.041%	$72.9M	$146.0M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.98	−0.020%	$97.9M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	−0.003%	$719K	$523K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.96	−0.025%	$103	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.039%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.17	+0.033%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.16	+0.031%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.026%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.06	+0.003%	$3.0M	$322K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.27	+0.062%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.06	+0.003%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.15	+0.028%	$2.0M	$2.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.09	+0.011%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0169%	8h	357.20	+0.042%	$691K	$230K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.26	+0.059%	$137K	$60K	20x	as long as short
Arcus GOOGL-USDlong	+0.0303%	1h	357.05	long leg	$212K	$217K	10x
edgeX GOOGLUSDC	+0.0526%	4h	357.47	+0.118%	$208K	$1.2M	10x	as long as short