Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h −0.042%

Price spread now: Hotstuff against Bybit−0.062%7-day average — · you buy dearer than you sell

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

Long on Bybit 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

Funding pays, the price is against you. Hotstuff is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.16	0	get 0.0000% / 8h	2h 10m	$11.5M	$7.7M	100x
Short	Hotstuff GOOGL-PERP	355.94	0.0056	get 0.0007% / 1h	10m 20s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.062%Rate

Funding earned: $11.76
Price spread: −0.062% → 0.000%: −$6.18
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$10.42
Costs to cover: 0.160%
Break-even: 13.2 days

Slippage unknown: Bybit: live order book, 8 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 Bybit live order book, 8 min ago	0.56 bp	8.4 bp −$8	12.3 bp −$123	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	−0.0032%	1h	355.79	−0.104%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	355.93	−0.066%	$361K	$455K	20x	as long as short
Bybit GOOGLUSDTlong	0.0000%	8h	356.16	long leg	$11.5M	$7.7M	100x
Gate GOOGL_USDT	0.0000%	8h	356.04	−0.034%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.13	−0.010%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	+0.001%	$23K	$509K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.10	−0.017%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	355.96	−0.056%	$22K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.25	+0.025%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.20	+0.011%	$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
Extended GOOGL-USD	+0.0016%	1h	356.10	−0.018%	$422K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0017%	8h	356.14	−0.006%	$72.8M	$141.5M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.96	−0.055%	$144K	$55K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.24	+0.022%	$1.4M	$2.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0033%	8h	356.15	−0.003%	$13.8M	$12.9M	50x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.270%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.05	−0.031%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.24	+0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.97	−0.053%	$97.9M	$25.4M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	356.10	−0.017%	$17.0M	$9.2M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.02	−0.039%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.93	−0.065%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.77	−0.110%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERPshort	+0.0056%	1h	355.94	−0.062%	$33K	—	20x
BloFin GOOGL-USDT	+0.0063%	8h	356.12	−0.011%	$689K	$235K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.12	−0.011%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.94	−0.062%	$202K	$303K	10x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	355.92	−0.067%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.075%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.80	−0.101%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.86	−0.084%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.09	−0.020%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.01	−0.043%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.05	−0.031%	$137K	$48K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	356.22	+0.017%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0416%	4h	356.18	+0.005%	$208K	$1.2M	10x	as long as short