Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0145%/8h= −15.9% APRpaid last 24h −0.022%

Price spread now: Arcus against Bybit−0.117%7-day average −0.080% · 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−$35as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Bybit Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.117%, 7d avg −0.080%

Together, before fees+0.158%+$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Arcus is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.86	0.0186	pay 0.0186% / 8h	4h 35m	$12.0M	$7.6M	100x
Short	Arcus GOOGL-USD	357.44	0.0040	get 0.0005% / 1h	35m 21s	$207K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Bybit. 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 BybitbpFee ArcusbpOrdersPrice spread, now −0.117%Rate

Funding earned: −$30.53
Price spread: −0.117% → −0.080%: −$3.76
Slippage, 4 orders: −$15.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$65.6
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Arcus: live order book, 23 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 Bybit live order book, 3 min ago	0.14 bp	7.3 bp −$7	12.5 bp −$125	doesn't fit	doesn't fit
Sell Arcus live order book, 23 min ago	1.68 bp	9.1 bp −$9	11.0 bp −$110	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.54	−0.089%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.66	−0.056%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	−0.038%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.79	−0.020%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.78	−0.022%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.48	−0.106%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.006%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.86	0.000%	$2.7M	$86K	10x	as long as short
Bitget GOOGLUSDT	+0.0005%	8h	357.80	−0.017%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	357.61	−0.071%	$144K	$49K	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	357.79	−0.020%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.207%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.44	−0.117%	$207K	$277K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	−0.034%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.056%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.52	−0.095%	$99.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.50	−0.101%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.55	−0.087%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.129%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.55	−0.087%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0057%	8h	357.91	+0.013%	$366K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0077%	8h	357.78	−0.023%	$73.1M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.69	−0.047%	$426K	$1.8M	20x	as long as short
Nado GOOGL-PERP	+0.0094%	1h	357.51	−0.098%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.70	−0.044%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.32	−0.151%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.48	−0.106%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.59	−0.075%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.62	−0.066%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.67	−0.053%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.58	−0.078%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.71	−0.042%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDTlong	+0.0186%	8h	357.86	long leg	$12.0M	$7.6M	100x
BloFin GOOGL-USDT	+0.0195%	8h	357.74	−0.034%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	−0.025%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0572%	4h	357.70	−0.045%	$209K	$1.2M	10x	as long as short