Settings8H · net · $10k
Funding arb · Price arb /

GOOGL

RWAall GOOGL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0194%/8h= −21.3% APRnext payment $1.94 per $10,000 · paid last 24h −0.056%
Price spread now: HTX against Bybit−0.006%7-day average +0.019% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$340.341% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.119%−$12 on $10k
Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.006%, 7d avg +0.019%
Together, before fees−0.065%−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and HTX is 0.025% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.019%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.119% in total (about -6.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.94 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit GOOGLUSDT357.320.0194pay 0.0194% / 8h2h 03m$12.0M$7.6M100x
ShortHTX GOOGL-USDT357.300get 0.0000% / 8h2h 03m$115K$213K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX 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

Funding earned
−$40.8
Price spread: −0.006% → +0.019%
−$2.47
Slippage, 4 orders
−$11.11
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee HTX: 6 bp × 2 orders
−$12
Net
−$77.37
Costs to cover
0.341%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; HTX: live order book, 43 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 4 min ago0.42 bp8.8 bp −$914.3 bp −$143doesn't fitdoesn't fit
Sell HTX live order book, 43 min ago2.80 bp8.8 bp −$915.9 bp −$159doesn't fitdoesn't fit

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado GOOGL-PERP−0.0023%1h357.11−0.060%$557K$86K20xas long as short
OKX GOOGL-USDT-SWAP0.0000%8h357.28−0.011%$13.7M$12.8M50xas long as short
Gate GOOGL_USDT0.0000%8h357.17−0.042%$3.6M$7.4M100xas long as short
Bitget GOOGLUSDT0.0000%8h357.37+0.014%$17.3M$9.9M100xas long as short
Variational Omni GOOGL0.0000%8h357.30−0.005%$4.7M$2.4Mas long as short
GRVT GOOGL_USDT_Perp0.0000%8h357.38+0.017%$23K$445K10xas long as short
SunX GOOGL-USDT0.0000%8h357.30−0.006%$1K$4.0M20xas long as short
Deribit GOOGL_USDC-PERPETUAL0.0000%1h357.06−0.073%$24K$156K10xas long as short
HTX GOOGL-USDTshort0.0000%8h357.30−0.006%$115K$213K30x
Phemex GOOGLUSDT0.0000%4h357.48+0.045%$2.7M$87K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOOGL-PERP-INTX+0.0016%1h356.88−0.123%$519K$1.1M10xas long as short
Aftermath Perps GOOGLUSD+0.0020%1h357.28−0.011%$145K$47K10xas long as short
Hotstuff GOOGL-PERP+0.0024%1h357.13−0.053%$33K20xas long as short
Lighter RH GOOGL+0.0032%1h357.28−0.011%$1.3M$2.1M20xas long as short
Injective GOOGL/USDC PERP+0.0033%1h357.12−0.056%$128K$45K30xas long as short
Arcus GOOGL-USD+0.0040%1h357.11−0.059%$207K$278K10xas long as short
Aster GOOGLUSDT+0.0044%8h357.44+0.033%$366K$426K20xas long as short
Vest GOOGL-USD-PERP+0.0046%1h357.37+0.014%$5K25xas long as short
QFEX GOOGL-USD+0.0047%1h357.23−0.025%$1.2M$4.2M10xas long as short
tradeXYZ xyz:GOOGL+0.0050%1h357.05−0.076%$98.2M$21.5M20xas long as short
Polymarket Perps GOOG-USD+0.0050%1h357.08−0.067%$685K$430K10xas long as short
SoDEX GOOGL-USD+0.0050%1h357.05−0.076%$158$46K10xas long as short
Ondo Perps GOOGL-USD.P+0.0050%1h357.03−0.081%$2.3M$4.8M15xas long as short
Paradex GOOGL-USD-PERP+0.0057%8h357.22−0.028%$293$2535xas long as short
Extended GOOGL-USD+0.0064%1h357.18−0.040%$422K$1.2M20xas long as short
Binance GOOGLUSDT+0.0065%8h357.27−0.014%$72.0M$143.6M50xas long as short
Pacifica GOOGL+0.0100%1h357.06−0.072%$42K$39K10xas long as short
KuCoin GOOGLUSDTM+0.0100%8h356.82−0.140%$3.0M$106K20xas long as short
ApeX Omni GOOGLUSDT+0.0100%1h357.16−0.045%$22K$10K50xas long as short
Orderly PERP_GOOGL_USDC+0.0100%8h357.09−0.064%$10K$11K20xas long as short
Aevo GOOGL-PERP+0.0104%1h357.18−0.038%$25K10xas long as short
Lighter GOOGL+0.0112%1h357.29−0.008%$2.0M$1.3M20xas long as short
Phoenix GOOGL+0.0134%1h357.21−0.031%$137K$36K20xas long as short
BloFin GOOGL-USDT+0.0185%8h357.36+0.011%$685K$236K20xas long as short
Bybit GOOGLUSDTlong+0.0194%8h357.32long leg$12.0M$7.6M100x
edgeX GOOGLUSDC+0.0663%4h357.31−0.002%$208K$1.2M10xas long as short