Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h +0.001%

Price spread now: Variational Omni against Arcus+0.085%7-day average +0.055% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Arcus Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.076%−$8 on $10k

Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.085%, 7d avg +0.055%

Together, before fees−0.197%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.029% dearer against Arcus than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.055%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 4 days (−0.076% in total) that is about 33 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus GOOGL-USD	357.03	0.0040	pay 0.0005% / 1h	46m 27s	$207K	$278K	10x
Short	Variational Omni GOOGL	357.33	0.0014	get 0.0014% / 8h	2h 46m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Arcus. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.085%Rate

Funding earned: −$5.43
Price spread: +0.085% → +0.055%: $2.92
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.01
Costs to cover: 0.045%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

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, 2 min ago	2.10 bp	9.0 bp −$9	16.2 bp −$162	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	8.8 bp −$88	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
Gate GOOGL_USDT	0.0000%	8h	357.16	+0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.27	+0.067%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.27	+0.067%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.97	−0.017%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.31	+0.078%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.104%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	+0.090%	$24K	$447K	10x	as long as short
Variational Omni GOOGLshort	+0.0014%	8h	357.33	+0.085%	$4.8M	$2.4M	—
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	+0.045%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.16	+0.035%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.050%	$1.3M	$2.1M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	357.01	−0.006%	$33K	—	20x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.99	−0.011%	$557K	$86K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.025%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDlong	+0.0040%	1h	357.03	long leg	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	+0.050%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0046%	8h	357.18	+0.042%	$13.7M	$12.5M	50x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.16	+0.036%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	+0.003%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.02	−0.003%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.01	−0.006%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.93	−0.028%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.15	+0.033%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	357.39	+0.100%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.13	+0.029%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	357.23	+0.056%	$72.3M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.00	−0.009%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.03	0.000%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	+0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	+0.028%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.12	+0.026%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	+0.050%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.19	+0.045%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0212%	8h	357.29	+0.073%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0228%	8h	357.33	+0.084%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0457%	4h	357.23	+0.057%	$208K	$1.2M	10x	as long as short