Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0193%/8h= −21.2% APRpaid last 24h −0.033%

Price spread now: Hotstuff against Binance−0.069%7-day average — · you buy dearer than you sell

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

Long on Binance 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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hotstuff is 0.069% cheaper against Binance than usual: you would sell low and buy high (−$7 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	Binance GOOGLUSDT	356.39	0.0121	pay 0.0121% / 8h	7h 37m	$72.9M	$143.1M	50x
Short	Hotstuff GOOGL-PERP	356.14	−0.0072	pay 0.0009% / 1h	37m 13s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Binance. 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 BinancebpFee HotstuffbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$40.58
Price spread: −0.069% → 0.000%: −$6.89
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$62.47
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 6 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 Binance live order book, 6 min ago	0.14 bp	5.2 bp −$5	7.8 bp −$78	26.9 bp −$2,686	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
Hotstuff GOOGL-PERPshort	−0.0072%	1h	356.14	−0.069%	$33K	—	20x
Deribit GOOGL_USDC-PERPETUAL	−0.0059%	1h	356.05	−0.094%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.34	−0.013%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.22	−0.047%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.39	+0.001%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.55	+0.046%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	+0.015%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.03	−0.101%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.38	−0.002%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.150%	$528K	$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
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.206%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.31	−0.021%	$2.1M	$1.1M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.35	−0.010%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0047%	1h	356.15	−0.067%	$559K	$81K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.19	−0.055%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.058%	$683K	$442K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.09	−0.083%	$169	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.97	−0.117%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0063%	8h	356.18	−0.058%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.27	−0.032%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.29	−0.027%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.038%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.92	−0.131%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.99	−0.111%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.19	−0.055%	$10K	$10K	20x	as long as short
Aster GOOGLUSDT	+0.0101%	8h	356.44	+0.015%	$364K	$457K	20x	as long as short
Bitget GOOGLUSDT	+0.0101%	8h	356.42	+0.010%	$17.0M	$9.3M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.19	−0.055%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	356.45	+0.018%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.31	−0.020%	$422K	$2.0M	20x	as long as short
Binance GOOGLUSDTlong	+0.0121%	8h	356.39	long leg	$72.9M	$143.1M	50x
Phoenix GOOGL	+0.0157%	1h	356.09	−0.083%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0195%	8h	356.47	+0.024%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.36	−0.007%	$691K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	355.99	−0.111%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0825%	4h	356.13	−0.072%	$208K	$1.2M	10x	as long as short