After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.143%7d average−0.003%fees + slippage, in and out−$30spread needed0.297%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix GOOGL | 356.02 | 0.0090 | pay 0.0011% / 1h | 32m 39s | $137K | $48K | 20x |
| Short | Arcus GOOGL-USD | 356.53 | 0.0040 | get 0.0005% / 1h | 32m 39s | $201K | $263K | 10x |
Phoenix GOOGL
Arcus GOOGL-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $14.33
- Funding while held
- −$1.49
- Slippage, 4 orders
- −$18.23
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$16.9
- Spread needed to break even
- 0.297%
Slippage from Phoenix: live order book, 6 min ago; Arcus: live order book, 17 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.49
- Average in range /8h
- —
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 Phoenix live order book, 6 min ago | 2.53 bp | 8.0 bp −$8 | 16.5 bp −$165 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 17 min ago | 2.96 bp | 5.2 bp −$5 | 7.1 bp −$71 | 10.7 bp −$1,075 | doesn't fit |
GOOGL price on every exchange
against the cheapest. Click to use as the short leg.Aftermath Perps356.01cheapest
Phoenix356.02+0.002%
ApeX Omni356.19+0.050%Coinbase International356.24+0.064%edgeX356.24+0.065%Ondo Perps356.29+0.078%Variational Omni356.30+0.081%Nado356.42+0.115%Polymarket Perps356.48+0.131%KuCoin356.49+0.134%Hotstuff356.50+0.137%SoDEX356.51+0.140%Pacifica356.52+0.144%
ApeX Omni
Coinbase International
Ondo Perps
Variational Omni
Nado
Polymarket Perps
KuCoin
Hotstuff
SoDEX
PacificaArcus356.53+0.145%
Deribit356.55+0.151%Aster356.55+0.151%Phemex356.56+0.154%Binance356.57+0.157%Aevo356.58+0.158%Orderly356.58+0.159%Vest356.59+0.162%tradeXYZ356.60+0.165%QFEX356.61+0.168%Gate356.62+0.171%Extended356.64+0.177%BloFin356.66+0.182%SunX356.69+0.190%OKX356.70+0.193%Bybit356.73+0.202%Bitget356.75+0.207%HTX356.75+0.207%Paradex356.76+0.209%Lighter356.81+0.224%Lighter RH356.81+0.224%Injective357.12+0.311%
Deribit
Aster
Phemex
Binance
Aevo
Orderly
Vest
tradeXYZ
QFEX
Gate
Extended
BloFin
SunX
OKX
Bybit
Bitget
HTX
Paradex
Lighter
Lighter RH
InjectiveGOOGL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps GOOGLUSD | −0.002% | +0.0148% | 1h | $144K | $56K | 10x | as long as short |
| Phoenix GOOGLlong | 0.000% | +0.0090% | 1h | $137K | $48K | 20x | |
| ApeX Omni GOOGLUSDT | +0.048% | +0.0100% | 1h | $21K | $26K | 50x | as long as short |
| Coinbase International GOOGL-PERP-INTX | +0.062% | +0.0056% | 1h | $536K | $875K | 10x | as long as short |
| edgeX GOOGLUSDC | +0.062% | +0.0177% | 4h | $209K | $876K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.076% | +0.0050% | 1h | $2.4M | $3.8M | 15x | as long as short |
| Variational Omni GOOGL | +0.079% | +0.0139% | 8h | $4.3M | $2.3M | — | as long as short |
| Nado GOOGL-PERP | +0.113% | +0.0114% | 1h | $584K | $55K | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.129% | +0.0050% | 1h | $663K | $401K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.132% | +0.0100% | 8h | $3.0M | $62K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hotstuff GOOGL-PERP | +0.135% | +0.0184% | 1h | $33K | — | 20x | as long as short |
| SoDEX GOOGL-USD | +0.138% | +0.0050% | 1h | $194 | $31K | 10x | as long as short |
| Pacifica GOOGL | +0.141% | +0.0100% | 1h | $44K | $42K | 10x | as long as short |
| Arcus GOOGL-USDshort | +0.143% | +0.0040% | 1h | $201K | $263K | 10x | |
| Deribit GOOGL_USDC-PERPETUAL | +0.149% | 0.0000% | 1h | $23K | $138K | 10x | as long as short |
| Aster GOOGLUSDT | +0.149% | +0.0204% | 8h | $369K | $531K | 20x | as long as short |
| Phemex GOOGLUSDT | +0.152% | 0.0000% | 4h | $2.7M | $49K | 10x | as long as short |
| Binance GOOGLUSDT | +0.154% | +0.0200% | 8h | $78.5M | $97.3M | 50x | as long as short |
| Aevo GOOGL-PERP | +0.156% | +0.0104% | 1h | $25K | — | 10x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.157% | +0.0100% | 8h | $11K | $12K | 20x | as long as short |
| Vest GOOGL-USD-PERP | +0.160% | +0.0046% | 1h | — | $3K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.163% | +0.0064% | 1h | $99.3M | $22.0M | 20x | as long as short |
| QFEX GOOGL-USD | +0.166% | +0.0030% | 1h | $1.3M | $2.9M | 10x | as long as short |
| Gate GOOGL_USDT | +0.169% | 0.0000% | 8h | $3.6M | $5.6M | 100x | as long as short |
| Extended GOOGL-USD | +0.175% | +0.0200% | 1h | $421K | $1.7M | 20x | as long as short |
| BloFin GOOGL-USDT | +0.180% | +0.0320% | 8h | $713K | $151K | 20x | as long as short |
| SunX GOOGL-USDT | +0.188% | 0.0000% | 8h | $1K | $3.8M | 20x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.191% | +0.0159% | 8h | $13.8M | $10.6M | 50x | as long as short |
| Bybit GOOGLUSDT | +0.199% | +0.0172% | 8h | $11.4M | $6.3M | 100x | as long as short |
| Bitget GOOGLUSDT | +0.205% | +0.0154% | 8h | $17.1M | $7.4M | 100x | as long as short |
| HTX GOOGL-USDT | +0.205% | 0.0000% | 8h | $118K | $221K | 30x | as long as short |
| Paradex GOOGL-USD-PERP | +0.207% | +0.0059% | 8h | $293 | $253 | 5x | as long as short |
| Lighter GOOGL | +0.222% | +0.0144% | 1h | $2.1M | $944K | 20x | as long as short |
| Lighter RH GOOGL | +0.222% | +0.0032% | 1h | $1.3M | $2.6M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.309% | +0.0220% | 1h | $128K | $135K | 30x | as long as short |