Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.045%

Price spread now: HTX against Extended+0.072%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Extended Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.098%+$10 · spread now +0.072%, 7d avg +0.062%

Together, before fees−0.011%+ Points / potential airdropExtended: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GOOGL-USD	357.65	0.0088	pay 0.0011% / 1h	14m 02s	$423K	$1.8M	20x
Short	HTX GOOGL-USDT	357.91	0	get 0.0000% / 8h	4h 14m	$115K	$221K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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 ExtendedbpFee HTXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$18.48
Price spread: +0.072% → +0.062%: $1.01
Slippage, 4 orders: −$7.1
Fee Extended: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.57
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; HTX: live order book, 42 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 Extended live order book, 4 min ago	0.14 bp	3.5 bp −$4	9.0 bp −$90	doesn't fit	doesn't fit
Sell HTX live order book, 42 min ago	1.54 bp	7.5 bp −$8	14.7 bp −$147	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.54	−0.031%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	−0.006%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.039%	$17.5M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.77	+0.033%	$23K	$432K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.77	+0.033%	$937	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.48	−0.048%	$24K	$155K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.91	+0.072%	$115K	$221K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.80	+0.041%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0006%	8h	357.73	+0.023%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.63	−0.006%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0024%	1h	357.52	−0.037%	$33K	—	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.028%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.149%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.054%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.022%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.002%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.51	−0.040%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.48	−0.048%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.034%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.076%	$2.3M	$4.9M	15x	as long as short
edgeX GOOGLUSDC	+0.0058%	4h	357.73	+0.021%	$209K	$1.2M	10x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.92	+0.074%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	357.50	−0.043%	$558K	$81K	20x	as long as short
Extended GOOGL-USDlong	+0.0088%	1h	357.65	long leg	$423K	$1.8M	20x
Binance GOOGLUSDT	+0.0090%	8h	357.75	+0.028%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.055%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.101%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.49	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.58	−0.020%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.60	−0.016%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.66	+0.004%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0112%	8h	357.73	+0.022%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.64	−0.003%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0210%	8h	357.79	+0.039%	$696K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0213%	8h	357.83	+0.050%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0272%	1h	357.75	+0.028%	$2.0M	$1.3M	20x	as long as short