Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.018%

Price spread now: GRVT against Hotstuff+0.044%57s7-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 GRVT

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 · GRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. GRVT is 0.044% dearer against Hotstuff than usual: you sell high and buy low (spread +0.044% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 19 hours. 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	Hotstuff GOOGL-PERP	357.04	0.0184	pay 0.0023% / 1h	3m 48s	$33K	—	20x
Short	GRVT GOOGL_USDT_Perp	357.20	0	get 0.0000% / 8h	6h 03m	$23K	$437K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$38.64
Price spread: +0.044% → 0.000%: $4.38
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$48.26
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; GRVT: live order book, 64 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 GRVT live order book, 64 min ago	1.40 bp	6.1 bp −$6	10.9 bp −$109	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 35 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
Deribit GOOGL_USDC-PERPETUAL	−0.0142%	1h	356.90	−0.039%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0027%	1h	357.08	+0.010%	$557K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.86	−0.050%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	+0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.13	+0.026%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perpshort	0.0000%	8h	357.20	+0.044%	$23K	$437K	10x
SunX GOOGL-USDT	0.0000%	8h	357.20	+0.045%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.33	+0.081%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.26	+0.062%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0008%	1h	357.05	+0.003%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0020%	8h	357.14	+0.028%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.048%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.022%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.10	+0.017%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.95	−0.025%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.073%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0048%	8h	357.12	+0.024%	$365K	$458K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.02	−0.006%	$98.9M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.036%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.003%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.80	−0.067%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.21	+0.048%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0064%	8h	357.23	+0.053%	$11.6M	$7.4M	100x	as long as short
Binance GOOGLUSDT	+0.0068%	8h	357.18	+0.039%	$72.8M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.12	+0.022%	$421K	$1.8M	20x	as long as short
Lighter GOOGL	+0.0088%	1h	357.21	+0.048%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.02	−0.006%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.97	−0.019%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.81	−0.064%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.08	+0.011%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.06	+0.006%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0154%	8h	357.18	+0.039%	$13.8M	$12.4M	50x	as long as short
Hotstuff GOOGL-PERPlong	+0.0184%	1h	357.04	long leg	$33K	—	20x
edgeX GOOGLUSDC	+0.0570%	4h	357.13	+0.024%	$208K	$1.2M	10x	as long as short