Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.043%

Price spread now: KuCoin against Hotstuff−0.112%295s7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. KuCoin is 0.112% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 2.2 days of funding at the current rate (+$5 a day). The two prices were read 295 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	357.34	−0.0072	get 0.0009% / 1h	46m 35s	$33K	—	20x
Short	KuCoin GOOGLUSDTM	356.94	0.0100	get 0.0100% / 8h	4h 46m	$3.0M	$323K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.112%Rate

Funding earned: $36.12
Price spread: −0.112% → 0.000%: −$11.19
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $7.93
Costs to cover: 0.170%
Break-even: 5.5 days

Slippage unknown: Hotstuff: no order-book sample; KuCoin: 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 KuCoin live order book, 4 min ago	6.87 bp	63.0 bp −$63	doesn't fit	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 exchanges

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-PERPlong	−0.0072%	1h	357.34	long leg	$33K	—	20x
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	−0.076%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.19	−0.042%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.18	−0.045%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.06	−0.078%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	−0.045%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.44	+0.028%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	−0.044%	$12K	$463K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.21	−0.036%	$2K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.01	−0.092%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.36	+0.006%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.36	+0.006%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0025%	8h	357.21	−0.037%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.22	−0.034%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.11	−0.066%	$144K	$42K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.062%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0044%	1h	357.08	−0.074%	$549K	$86K	20x	as long as short
Binance GOOGLUSDT	+0.0044%	8h	357.14	−0.055%	$72.9M	$145.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	−0.017%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.02	−0.089%	$423K	$2.9M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.98	−0.101%	$97.9M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.12	−0.062%	$719K	$523K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.95	−0.109%	$103	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.75	−0.165%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.14	−0.057%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.19	−0.042%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.12	−0.061%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	356.94	−0.112%	$3.0M	$323K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.087%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	−0.053%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.01	−0.092%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.16	−0.050%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.22	−0.034%	$694K	$230K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	356.93	−0.115%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.01	−0.092%	$212K	$217K	10x	as long as short
edgeX GOOGLUSDC	+0.0315%	4h	357.18	−0.044%	$208K	$1.2M	10x	as long as short