Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h −0.004%

Price spread now: KuCoin against Arcus−0.098%7-day average −0.007% · 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−$187as in the Price arb table

costs, in and out, $10k−$1781.779% of the position

Long on Arcus Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.098%, 7d avg −0.007%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.091% cheaper against Arcus than usual: you would sell low and buy high (spread −0.098% now, against its 7-day average of −0.007%). If the spread goes back, that is −$9 on $10k: about 5.1 days of funding at the current rate (+$2 a day). Mind the row above: over the last 4 days funding on this pair cost −0.097%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	357.17	0.0040	pay 0.0005% / 1h	8m 54s	$207K	$278K	10x
Short	KuCoin GOOGLUSDTM	356.82	0.0100	get 0.0100% / 8h	2h 08m	$3.0M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.098%Rate

Funding earned: $12.54
Price spread: −0.098% → −0.007%: −$9.07
Slippage, 4 orders: −$161.42
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$174.45
Costs to cover: 1.779%
Break-even: 104.4 days

Slippage from Arcus: live order book, 40 min ago; KuCoin: live order book, 3 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, 40 min ago	2.10 bp	9.0 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	5.18 bp	48.5 bp −$48	doesn't fit	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
Nado GOOGL-PERP	−0.0023%	1h	357.24	+0.020%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	+0.064%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.29	+0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.42	+0.070%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.079%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.086%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.45	+0.078%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.19	+0.006%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.48	+0.087%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.54	+0.104%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.081%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.26	+0.026%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.34	+0.048%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.014%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	357.17	long leg	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.49	+0.090%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.47	+0.083%	$366K	$426K	20x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.34	+0.048%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.15	−0.006%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.16	−0.003%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.21	+0.011%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.006%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.36	+0.052%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.27	+0.027%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.36	+0.053%	$72.1M	$143.7M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.18	+0.003%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.18	+0.002%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	356.82	−0.098%	$3.0M	$106K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.22	+0.014%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.30	+0.035%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.35	+0.050%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.034%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0187%	8h	357.40	+0.064%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.44	+0.076%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.080%	$208K	$1.2M	10x	as long as short