Funding arb · Price arb /

GOOGL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.017%

Price spread now: Arcus against Aster−0.089%7-day average −0.073% · 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−$53as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.089%, 7d avg −0.073%

Together, before fees+0.064%+ Points / potential airdropAster: Stage 5 · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.073%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.12	0.0057	pay 0.0057% / 8h	6h 18m	$365K	$458K	20x
Short	Arcus GOOGL-USD	356.80	0.0040	get 0.0005% / 1h	18m 13s	$202K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Aster. 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 AsterbpFee ArcusbpOrdersPrice spread, now −0.089%Rate

Funding earned: −$3.52
Price spread: −0.089% → −0.073%: −$1.6
Slippage, 4 orders: −$39.24
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$56.86
Costs to cover: 0.517%
Break-even: never at this rate

Slippage from Aster: live order book, 49 min ago; Arcus: live order book, 50 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 Aster live order book, 49 min ago	3.09 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 50 min ago	2.11 bp	8.5 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit

GOOGL on 35 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	356.90	−0.061%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0020%	1h	357.08	−0.011%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	−0.008%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.89	−0.064%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.12	0.000%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.95	−0.047%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.34	+0.062%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.16	+0.012%	$2.7M	$73K	10x	as long as short
Variational Omni GOOGL	+0.0002%	8h	356.95	−0.047%	$4.8M	$2.4M	—	as long as short
Bitget GOOGLUSDT	+0.0003%	8h	357.18	+0.017%	$17.0M	$9.3M	100x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0007%	1h	356.78	−0.096%	$144K	$51K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.26	+0.040%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	0.000%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.03	−0.025%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	356.80	−0.089%	$202K	$272K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.31	+0.054%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.05	−0.019%	$98.8M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.86	−0.072%	$684K	$434K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.99	−0.036%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.109%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDTlong	+0.0057%	8h	357.12	long leg	$365K	$458K	20x
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.16	+0.010%	$293	$253	5x	as long as short
Lighter GOOGL	+0.0072%	1h	357.25	+0.037%	$2.1M	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0077%	8h	357.17	+0.015%	$72.8M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.08	−0.011%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.83	−0.081%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0096%	8h	357.21	+0.026%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.045%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.72	−0.112%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.89	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.06	−0.016%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.02	−0.026%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.95	−0.047%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0169%	8h	357.17	+0.014%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0829%	4h	356.95	−0.048%	$208K	$1.2M	10x	as long as short