Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.016%

Price spread now: Hotstuff against Aster−0.065%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hotstuff is 0.065% cheaper against Aster than usual: you would sell low and buy high (−$6 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	Aster GOOGLUSDT	356.45	0.0049	pay 0.0049% / 8h	1h 33m	$362K	$455K	20x
Short	Hotstuff GOOGL-PERP	356.22	0	get 0.0000% / 1h	33m 14s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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 AsterbpFee HotstuffbpOrdersPrice spread, now −0.065%Rate

Funding earned: −$10.38
Price spread: −0.065% → 0.000%: −$6.48
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$29.86
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 49 min ago; Hotstuff: no order-book sample. 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 Aster live order book, 49 min ago	2.11 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.19	−0.073%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERPshort	0.0000%	1h	356.22	−0.065%	$33K	—	20x
Gate GOOGL_USDT	0.0000%	8h	356.27	−0.051%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.40	−0.013%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.40	−0.013%	$23K	$486K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.37	−0.023%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.53	+0.022%	$114K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.50	+0.014%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.15	−0.084%	$144K	$55K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.45	0.000%	$1.4M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.188%	$128K	$45K	30x	as long as short
Bybit GOOGLUSDT	+0.0036%	8h	356.43	−0.006%	$11.5M	$7.7M	100x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.37	−0.023%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.36	−0.026%	—	$5K	25x	as long as short
Aster GOOGLUSDTlong	+0.0049%	8h	356.45	long leg	$362K	$455K	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.14	−0.087%	$98.0M	$25.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.15	−0.084%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.18	−0.076%	$193	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.07	−0.107%	$2.3M	$4.9M	15x	as long as short
Extended GOOGL-USD	+0.0072%	1h	356.31	−0.041%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0072%	8h	356.39	−0.017%	$16.9M	$9.2M	100x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	356.39	−0.017%	$73.1M	$142.1M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0078%	8h	356.37	−0.024%	$292	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0080%	8h	356.46	+0.003%	$13.8M	$12.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.33	−0.034%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.94	−0.143%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.08	−0.104%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.22	−0.065%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.25	−0.056%	$25K	—	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0115%	1h	356.17	−0.079%	$22K	$151K	10x	as long as short
Nado GOOGL-PERP	+0.0125%	1h	356.13	−0.089%	$558K	$81K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.29	−0.045%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.22	−0.065%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0195%	8h	356.42	−0.009%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0256%	1h	356.44	−0.003%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0718%	4h	356.39	−0.018%	$208K	$1.2M	10x	as long as short