Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0682%/8h= +74.7% APRpaid last 24h +0.142%

Price spread now: edgeX against Hotstuff+0.052%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and edgeX is 0.052% dearer against Hotstuff than usual: you sell high and buy low: +$5 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	356.36	0.0040	pay 0.0005% / 1h	15m 08s	$33K	—	20x
Short	edgeX GOOGLUSDC	356.54	0.0722	get 0.0361% / 4h	1h 15m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.052%Rate

Funding earned: $143.22
Price spread: +0.052% → 0.000%: $5.18
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $134.41
Costs to cover: 0.140%
Break-even: 0.4 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 4 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 edgeX live order book, 4 min ago	3.37 bp	8.1 bp −$8	11.3 bp −$113	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.19	−0.048%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.51	+0.042%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.64	+0.079%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.75	+0.109%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.60	+0.067%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.20	−0.044%	$144K	$54K	10x	as long as short
Variational Omni GOOGL	+0.0026%	8h	356.56	+0.056%	$4.6M	$2.5M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.71	+0.098%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.213%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0034%	8h	356.55	+0.054%	$23K	$477K	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-PERPlong	+0.0040%	1h	356.36	long leg	$33K	—	20x
QFEX GOOGL-USD	+0.0045%	1h	356.51	+0.042%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.048%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.43	+0.020%	$98.0M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.40	+0.011%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.42	+0.017%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.09	−0.076%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	356.66	+0.084%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	356.80	+0.123%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.63	+0.076%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.64	+0.079%	$16.9M	$9.2M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	+0.036%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.23	−0.036%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.031%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.49	+0.036%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0101%	8h	356.63	+0.076%	$13.8M	$12.8M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	+0.043%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	356.67	+0.087%	$73.0M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.57	+0.058%	$421K	$1.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0115%	1h	356.48	+0.034%	$22K	$151K	10x	as long as short
Nado GOOGL-PERP	+0.0131%	1h	356.38	+0.006%	$559K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.38	+0.006%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.41	+0.014%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	356.60	+0.067%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.69	+0.093%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0722%	4h	356.54	+0.052%	$208K	$1.2M	10x