Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0141%/8h= −15.5% APRpaid last 24h −0.009%

Price spread now: HTX against Deribit+0.050%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.149%−$15 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.050%, 7d avg +0.083%

Together, before fees−0.114%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.033% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.083%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.82	0.0141	pay 0.0018% / 1h	18m 32s	$24K	$156K	10x
Short	HTX GOOGL-USDT	358.00	0	get 0.0000% / 8h	3h 18m	$115K	$217K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$29.7
Price spread: +0.050% → +0.083%: −$3.28
Slippage, 4 orders: −$10.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Deribit: live order book, 35 min ago; HTX: live order book, 33 min ago.

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 Deribit live order book, 35 min ago	0.14 bp	7.8 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	2.80 bp	8.8 bp −$9	19.7 bp −$197	doesn't fit	doesn't fit

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-PERP	−0.0008%	1h	357.78	−0.011%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.92	+0.028%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.07	+0.070%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.06	+0.067%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	358.00	+0.050%	$115K	$217K	30x
Phemex GOOGLUSDT	0.0000%	4h	358.10	+0.078%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.042%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0017%	1h	357.72	−0.027%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.82	−0.001%	$145K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.98	+0.044%	$24K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0028%	8h	358.00	+0.051%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.00	+0.050%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.196%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.73	−0.025%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.95	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.78	−0.011%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.76	−0.017%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.81	−0.003%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.58	−0.067%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.95	+0.036%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.94	+0.033%	$294	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0085%	8h	358.00	+0.050%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0087%	8h	357.74	−0.021%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.00	+0.050%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.52	−0.084%	$3.0M	$105K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.66	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.86	+0.011%	$10K	$11K	20x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.93	+0.031%	$419K	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.89	+0.020%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0106%	8h	358.02	+0.056%	$72.5M	$142.6M	50x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0141%	1h	357.82	long leg	$24K	$156K	10x
Phoenix GOOGL	+0.0179%	1h	357.77	−0.014%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0200%	1h	357.99	+0.048%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0225%	8h	358.07	+0.070%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0245%	8h	358.16	+0.095%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	+0.047%	$209K	$1.2M	10x	as long as short