Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h +0.016%

Price spread now: Hotstuff against GRVT−0.010%57s7-day average — · you buy dearer than you sell

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

Long on GRVT 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 airdropGRVT: Active · Hotstuff: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	356.22	0	get 0.0000% / 8h	7h 36m	$23K	$467K	10x
Short	Hotstuff GOOGL-PERP	356.18	−0.0072	pay 0.0009% / 1h	36m 38s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against GRVT. 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 GRVTbpFee HotstuffbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$15.12
Price spread: −0.010% → 0.000%: −$1.04
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$30.16
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 36 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 GRVT live order book, 36 min ago	0.98 bp	6.3 bp −$6	9.7 bp −$97	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
Hotstuff GOOGL-PERPshort	−0.0072%	1h	356.18	−0.010%	$33K	—	20x
Deribit GOOGL_USDC-PERPETUAL	−0.0059%	1h	356.05	−0.047%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.34	+0.035%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perplong	0.0000%	8h	356.22	long leg	$23K	$467K	10x
SunX GOOGL-USDT	0.0000%	8h	356.39	+0.049%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.55	+0.093%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	+0.063%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.03	−0.054%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.41	+0.054%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.103%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.254%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.35	+0.037%	$2.1M	$1.1M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.35	+0.037%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0047%	1h	356.15	−0.020%	$559K	$81K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.24	+0.006%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.010%	$683K	$442K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.09	−0.036%	$169	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.02	−0.055%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0063%	8h	356.18	−0.010%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.29	+0.021%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0084%	8h	356.34	+0.033%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0099%	8h	356.42	+0.057%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.33	+0.032%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.92	−0.083%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.99	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.19	−0.008%	$10K	$10K	20x	as long as short
Aster GOOGLUSDT	+0.0100%	8h	356.45	+0.066%	$364K	$457K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.19	−0.007%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	356.45	+0.065%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.34	+0.035%	$424K	$2.0M	20x	as long as short
Binance GOOGLUSDT	+0.0121%	8h	356.42	+0.057%	$72.9M	$143.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.09	−0.036%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0195%	8h	356.50	+0.079%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.36	+0.040%	$691K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.05	−0.047%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0825%	4h	356.13	−0.025%	$208K	$1.2M	10x	as long as short