Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.034%

Price spread now: Arcus against SunX−0.109%7-day average −0.071% · 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−$121as in the Price arb table

costs, in and out, $10k−$1171.169% of the position

Long on SunX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.122%+$12 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.109%, 7d avg −0.071%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Arcus is 0.038% cheaper against SunX than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.071%). If the spread goes back, that is −$4 on $10k: about 3.2 days of funding at the current rate (+$1 a day). At the pace of the last 4 days (+0.122% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.21	0	get 0.0000% / 8h	2h 26m	$1K	$4.1M	20x
Short	Arcus GOOGL-USD	356.82	0.0040	get 0.0005% / 1h	26m 38s	$207K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against SunX. 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 SunXbpFee ArcusbpOrdersPrice spread, now −0.109%Rate

Funding earned: $8.46
Price spread: −0.109% → −0.071%: −$3.85
Slippage, 4 orders: −$104.39
Fee SunX: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$112.28
Costs to cover: 1.169%
Break-even: 99.9 days

Slippage from SunX: live order book, 12 min ago; Arcus: live order book, 22 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 SunX live order book, 12 min ago	44.67 bp	49.1 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 22 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	0.0000%	1h	356.98	−0.064%	$557K	$86K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	−0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.28	+0.020%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.06	−0.042%	$23K	$444K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.21	long leg	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.99	−0.062%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.29	+0.022%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.16	−0.014%	$2.7M	$87K	10x	as long as short
Variational Omni GOOGL	+0.0006%	8h	356.98	−0.064%	$4.7M	$2.3M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.179%	$519K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0016%	8h	357.18	−0.008%	$13.7M	$12.8M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	356.80	−0.115%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.23	+0.006%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.025%	$128K	$45K	30x	as long as short
Arcus GOOGL-USDshort	+0.0040%	1h	356.82	−0.109%	$207K	$278K	10x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.23	+0.006%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.03	−0.050%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.03	−0.050%	$98.2M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.96	−0.070%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.91	−0.084%	$156	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.104%	$2.3M	$4.8M	15x	as long as short
Aster GOOGLUSDT	+0.0059%	8h	357.39	+0.050%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.22	+0.002%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.91	−0.084%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0079%	8h	357.27	+0.017%	$72.1M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.14	−0.020%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.16	−0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.13	−0.022%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.85	−0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.04	−0.048%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.07	−0.040%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.25	+0.011%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.90	−0.087%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0200%	8h	357.28	+0.020%	$690K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0211%	8h	357.34	+0.036%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0333%	4h	356.96	−0.070%	$208K	$1.2M	10x	as long as short