Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRpaid last 24h +0.012%

Price spread now: Arcus against Paradex−0.076%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.076% cheaper against Paradex than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	357.70	0.0054	pay 0.0054% / 8h	5h 46m	$293	$253	5x
Short	Arcus GOOGL-USD	357.43	0.0040	get 0.0005% / 1h	46m 36s	$207K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now −0.076%Rate

Funding earned: −$2.88
Price spread: −0.076% → 0.000%: −$7.6
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.98
Costs to cover: 0.085%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 17 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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 17 min ago	2.66 bp	9.9 bp −$10	11.9 bp −$119	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Deribit GOOGL_USDC-PERPETUAL	−0.0617%	1h	357.24	−0.129%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0065%	1h	357.59	−0.031%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.115%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.017%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.024%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	−0.015%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.71	+0.002%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.050%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.013%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.43	−0.077%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0020%	8h	357.80	+0.027%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	−0.023%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.013%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.163%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0034%	8h	357.63	−0.020%	$366K	$458K	20x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	357.43	−0.076%	$207K	$277K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.039%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.045%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.40	−0.084%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.045%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.39	−0.087%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0054%	8h	357.70	long leg	$293	$253	5x
Binance GOOGLUSDT	+0.0054%	8h	357.74	+0.011%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.65	−0.013%	$421K	$1.8M	20x	as long as short
Bitget GOOGLUSDT	+0.0058%	8h	357.74	+0.011%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.54	−0.045%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.022%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.50	−0.057%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.35	−0.098%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.57	−0.037%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	−0.040%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.039%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	−0.045%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0132%	8h	357.71	+0.002%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	357.69	−0.003%	—	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0789%	4h	357.68	−0.007%	$209K	$1.2M	10x	as long as short