Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.165%

Price spread now: HTX against edgeX+0.035%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.335% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.035%, 7d avg +0.049%

Together, before fees+0.139%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.053%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.053% in total (about 2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.57	0.0206	pay 0.0103% / 4h	14m 54s	$210K	$1.2M	10x
Short	HTX GOOGL-USDT	356.69	0	get 0.0000% / 8h	14m 54s	$114K	$224K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.035%Rate

Funding earned: −$43.29
Price spread: +0.035% → +0.049%: −$1.37
Slippage, 4 orders: −$12.48
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$78.13
Costs to cover: 0.335%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; HTX: live order book, 62 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 edgeX live order book, 4 min ago	3.22 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell HTX live order book, 62 min ago	2.80 bp	8.8 bp −$9	15.9 bp −$159	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
Gate GOOGL_USDT	0.0000%	8h	356.43	−0.038%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.57	+0.001%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	356.69	+0.035%	$114K	$224K	30x
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.024%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.24	−0.091%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.38	−0.051%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	+0.004%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.156%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	356.58	+0.003%	$23K	$472K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.48	−0.024%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.29	−0.077%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.28	−0.080%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	−0.080%	$181	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.114%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0059%	8h	356.56	−0.001%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.44	−0.035%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.45	−0.033%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.19	−0.106%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.069%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.35	−0.060%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.41	−0.044%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.46	−0.028%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0108%	8h	356.70	+0.038%	$363K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0110%	1h	356.24	−0.092%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0123%	8h	356.63	+0.018%	$11.5M	$7.8M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.51	−0.017%	$422K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.57	+0.001%	$73.1M	$142.9M	50x	as long as short
Bitget GOOGLUSDT	+0.0130%	8h	356.52	−0.013%	$16.8M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.32	−0.069%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0160%	1h	356.27	−0.083%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.60	+0.010%	$13.8M	$12.9M	50x	as long as short
edgeX GOOGLUSDClong	+0.0206%	4h	356.57	long leg	$210K	$1.2M	10x
BloFin GOOGL-USDT	+0.0249%	8h	356.63	+0.018%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.31	−0.072%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.54	−0.007%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0368%	1h	356.43	−0.038%	$23K	$152K	10x	as long as short