Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0016%/8h= −1.8% APRpaid last 24h −0.021%

Price spread now: Gate against Hotstuff+0.034%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 Gate

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

The price spread pays, funding is against you. Gate is 0.034% dearer against Hotstuff than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	356.41	0.0016	pay 0.0002% / 1h	48m 27s	$33K	—	20x
Short	Gate GOOGL_USDT	356.53	0	get 0.0000% / 8h	48m 27s	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.034%Rate

Funding earned: −$3.36
Price spread: +0.034% → 0.000%: $3.37
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.99
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	2.38 bp	11.9 bp −$12	19.7 bp −$197	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_USDTshort	0.0000%	8h	356.53	+0.034%	$3.6M	$7.5M	100x
SunX GOOGL-USDT	0.0000%	8h	356.61	+0.056%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.75	+0.095%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.69	+0.079%	$2.7M	$65K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.036%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.43	+0.007%	$144K	$54K	10x	as long as short
Hotstuff GOOGL-PERPlong	+0.0016%	1h	356.41	long leg	$33K	—	20x
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.073%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.199%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0045%	8h	356.59	+0.050%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GOOGL-USD-PERP	+0.0046%	1h	356.58	+0.048%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0047%	8h	356.59	+0.051%	$4.7M	$2.6M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.43	+0.006%	$98.2M	$24.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.45	+0.011%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.39	−0.006%	$181	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.26	−0.042%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.60	+0.053%	$1.3M	$4.9M	10x	as long as short
Bybit GOOGLUSDT	+0.0086%	8h	356.70	+0.081%	$11.5M	$7.7M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.54	+0.036%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0095%	1h	356.31	−0.027%	$559K	$82K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.26	−0.042%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.28	−0.036%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.38	−0.008%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.52	+0.031%	$10K	$10K	20x	as long as short
Aster GOOGLUSDT	+0.0102%	8h	356.74	+0.091%	$362K	$455K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.49	+0.021%	$25K	—	10x	as long as short
Bitget GOOGLUSDT	+0.0108%	8h	356.69	+0.079%	$16.9M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.58	+0.048%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0123%	8h	356.66	+0.071%	$73.0M	$142.6M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0132%	8h	356.73	+0.090%	$13.9M	$12.9M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0143%	1h	356.43	+0.006%	$22K	$151K	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	0.000%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0243%	8h	356.61	+0.056%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.46	+0.014%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0319%	4h	356.59	+0.050%	$208K	$1.2M	10x	as long as short
Lighter GOOGL	+0.0320%	1h	356.68	+0.076%	$2.1M	$1.0M	20x	as long as short