Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0343%/8h= +37.6% APRpaid last 24h +0.043%

Price spread now: Bybit against Hotstuff+0.118%7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Bybit

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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Bybit is 0.118% dearer against Hotstuff than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	356.33	0.0008	pay 0.0001% / 1h	56m 42s	$33K	—	20x
Short	Bybit GOOGLUSDT	356.75	0.0351	get 0.0351% / 8h	7h 56m	$11.5M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hotstuff. 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 HotstuffbpFee BybitbpOrdersPrice spread, now +0.118%Rate

Funding earned: $72.06
Price spread: +0.118% → 0.000%: $11.79
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $67.85
Costs to cover: 0.160%
Break-even: 0.4 days

Slippage unknown: Hotstuff: no order-book sample; Bybit: live order book, 2 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	0.28 bp	10.3 bp −$10	23.5 bp −$235	doesn't fit	doesn't fit

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
Gate GOOGL_USDT	0.0000%	8h	356.53	+0.056%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.66	+0.093%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.38	+0.014%	$22K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	+0.104%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.090%	$2.7M	$66K	10x	as long as short
Hotstuff GOOGL-PERPlong	+0.0008%	1h	356.33	long leg	$33K	—	20x
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.39	+0.016%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.66	+0.093%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.24	−0.025%	$530K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.222%	$128K	$45K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0042%	8h	356.64	+0.087%	$23K	$471K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	+0.048%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.33	0.000%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.40	+0.020%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.31	−0.006%	$179	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.20	−0.036%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.55	+0.062%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0064%	8h	356.58	+0.069%	$4.8M	$2.7M	—	as long as short
Pacifica GOOGL	+0.0100%	1h	356.28	−0.015%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.19	−0.039%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.42	+0.025%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.54	+0.059%	$10K	$10K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0102%	8h	356.57	+0.068%	$292	$253	5x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.44	+0.031%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0112%	8h	356.75	+0.117%	$365K	$457K	20x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.59	+0.074%	$422K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0132%	8h	356.68	+0.098%	$73.2M	$142.7M	50x	as long as short
Bitget GOOGLUSDT	+0.0142%	8h	356.68	+0.098%	$16.9M	$9.1M	100x	as long as short
Nado GOOGL-PERP	+0.0154%	1h	356.24	−0.027%	$559K	$81K	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.32	−0.003%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0199%	8h	356.70	+0.104%	$13.8M	$12.9M	50x	as long as short
Lighter GOOGL	+0.0200%	1h	356.61	+0.079%	$2.1M	$1.1M	20x	as long as short
BloFin GOOGL-USDT	+0.0252%	8h	356.55	+0.062%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.45	+0.034%	$202K	$271K	10x	as long as short
Bybit GOOGLUSDTshort	+0.0351%	8h	356.75	+0.118%	$11.5M	$7.7M	100x
edgeX GOOGLUSDC	+0.0706%	4h	356.60	+0.077%	$210K	$1.2M	10x	as long as short