Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.055%

Price spread now: Hotstuff against BloFin−0.042%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$4 a day on $10k at the current rate, and Hotstuff is 0.042% cheaper against BloFin than usual: you would sell low and buy high (−$4 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	BloFin GOOGL-USDT	356.15	0.0080	pay 0.0080% / 8h	2h 04m	$688K	$235K	20x
Short	Hotstuff GOOGL-PERP	356.00	−0.0048	pay 0.0006% / 1h	4m 03s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now −0.042%Rate

Funding earned: −$26.82
Price spread: −0.042% → 0.000%: −$4.21
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$48.03
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 17 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 BloFin live order book, 17 min ago	0.14 bp	6.4 bp −$6	7.9 bp −$79	18.6 bp −$1,859	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	−0.0048%	1h	356.00	−0.042%	$33K	—	20x
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.101%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.10	−0.015%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.27	+0.034%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.12	−0.008%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.025%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	+0.007%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.24	+0.025%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	+0.067%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.034%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	−0.046%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0023%	8h	356.28	+0.036%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.23	+0.023%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.031%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.272%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0041%	8h	356.33	+0.051%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.18	+0.008%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.20	+0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.01	−0.039%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.05	−0.028%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	−0.039%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.80	−0.098%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0052%	8h	356.13	−0.006%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.16	+0.002%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.03	−0.034%	$202K	$303K	10x	as long as short
BloFin GOOGL-USDTlong	+0.0080%	8h	356.15	long leg	$688K	$235K	20x
Nado GOOGL-PERP	+0.0089%	1h	355.92	−0.066%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.074%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.101%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.90	−0.070%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	−0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.08	−0.021%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.056%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.15	0.000%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0200%	1h	356.26	+0.031%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0398%	4h	356.14	−0.001%	$208K	$1.2M	10x	as long as short