Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.034%

Price spread now: Arcus against HTX−0.076%7-day average −0.102% · 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−$34as in the Price arb table

costs, in and out, $10k−$360.362% of the position

Long on HTX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now −0.076%, 7d avg −0.102%

Together, before fees+0.062%+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.026% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	356.96	0	get 0.0000% / 8h	1h 43m	$115K	$212K	30x
Short	Arcus GOOGL-USD	356.69	0.0040	get 0.0005% / 1h	43m 46s	$207K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against HTX. 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 HTXbpFee ArcusbpOrdersPrice spread, now −0.076%Rate

Funding earned: $8.46
Price spread: −0.076% → −0.102%: $2.61
Slippage, 4 orders: −$19.69
Fee HTX: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.13
Costs to cover: 0.362%
Break-even: 27.8 days

Slippage from HTX: live order book, 63 min ago; Arcus: live order book, 65 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 HTX live order book, 63 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Arcus live order book, 65 min ago	2.10 bp	9.6 bp −$10	11.3 bp −$113	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
Hotstuff GOOGL-PERP	−0.0024%	1h	356.73	−0.064%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.101%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.82	−0.039%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.74	−0.062%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.00	+0.011%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.94	−0.005%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.01	+0.014%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.88	−0.022%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.61	−0.098%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	356.96	long leg	$115K	$212K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.06	+0.028%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	356.73	−0.063%	$144K	$46K	10x	as long as short
Nado GOOGL-PERP	+0.0024%	1h	356.64	−0.091%	$549K	$90K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.83	−0.036%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.03	+0.019%	$365K	$424K	20x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.78	−0.050%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	356.69	−0.076%	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.90	−0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.66	−0.084%	$98.0M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.60	−0.101%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.63	−0.092%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.39	−0.160%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	356.77	−0.052%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.78	−0.050%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	356.86	−0.028%	$72.0M	$143.7M	50x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.91	−0.014%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.67	−0.082%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.60	−0.101%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.86	−0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.70	−0.073%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.73	−0.066%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0136%	1h	356.85	−0.031%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0175%	8h	356.94	−0.006%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0177%	8h	356.88	−0.022%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0779%	4h	356.94	−0.005%	$208K	$1.2M	10x	as long as short