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: Arcus against KuCoin+0.076%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

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

Long on KuCoin Short on Arcus

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)−0.110%−$11 · spread now +0.076%, 7d avg +0.007%

Together, before fees−0.013%−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Arcus is 0.068% dearer against KuCoin than usual: you sell high and buy low (spread +0.076% now, against its 7-day average of +0.007%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.8 days. Mind the row above: over the last 4 days funding on this pair paid +0.097%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.90	0.0100	pay 0.0100% / 8h	2h 09m	$3.0M	$106K	20x
Short	Arcus GOOGL-USD	357.17	0.0040	get 0.0005% / 1h	9m 24s	$207K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against KuCoin. 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 KuCoinbpFee ArcusbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$12.54
Price spread: +0.076% → +0.007%: $6.84
Slippage, 4 orders: −$161.42
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$183.62
Costs to cover: 1.779%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Arcus: live order book, 39 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 KuCoin live order book, 3 min ago	5.18 bp	110.8 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 39 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
Nado GOOGL-PERP	−0.0023%	1h	357.24	+0.096%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.41	+0.143%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.32	+0.118%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.48	+0.163%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.155%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.161%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.45	+0.154%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.19	+0.081%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.49	+0.165%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.54	+0.179%	$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	−0.006%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.26	+0.102%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	+0.137%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.062%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.17	+0.076%	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.49	+0.165%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.53	+0.177%	$366K	$426K	20x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.34	+0.123%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.18	+0.078%	$98.3M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.16	+0.073%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	+0.090%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.081%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.36	+0.128%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.32	+0.118%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.43	+0.150%	$72.1M	$143.7M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.18	+0.078%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.18	+0.078%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.90	long leg	$3.0M	$106K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.112%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.22	+0.090%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.30	+0.111%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.40	+0.140%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.109%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0188%	8h	357.49	+0.165%	$688K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.50	+0.168%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.155%	$208K	$1.2M	10x	as long as short