Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0152%/8h= −16.6% APRpaid last 24h −0.020%

Price spread now: Phemex against Hotstuff+0.101%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 Phemex

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

The price spread pays, funding is against you. Phemex is 0.101% dearer against Hotstuff than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	356.74	0.0152	pay 0.0019% / 1h	31m 02s	$33K	—	20x
Short	Phemex GOOGLUSDT	357.10	0	get 0.0000% / 4h	2h 31m	$2.7M	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$31.92
Price spread: +0.101% → 0.000%: $10.09
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$38.83
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Phemex: live order book, 3 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 Phemex live order book, 3 min ago	1.26 bp	41.5 bp −$41	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 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	356.90	+0.045%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.06	+0.090%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.98	+0.067%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.05	+0.087%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.74	0.000%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.10	+0.101%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.10	+0.101%	$2.7M	$87K	10x
Variational Omni GOOGL	+0.0006%	8h	356.98	+0.067%	$4.7M	$2.3M	—	as long as short
Nado GOOGL-PERP	+0.0006%	1h	356.86	+0.033%	$557K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.048%	$519K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0022%	8h	357.02	+0.078%	$13.7M	$12.8M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.68	−0.016%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.01	+0.076%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.107%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.73	−0.003%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.08	+0.095%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	356.97	+0.064%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.78	+0.011%	$98.1M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.80	+0.017%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.77	+0.008%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.59	−0.042%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0062%	8h	357.10	+0.102%	$365K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.98	+0.066%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.95	+0.058%	$417K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0082%	8h	357.02	+0.079%	$72.1M	$143.7M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.86	+0.033%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.87	+0.036%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	+0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.84	+0.028%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.86	+0.032%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.00	+0.073%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.84	+0.028%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERPlong	+0.0152%	1h	356.74	long leg	$33K	—	20x
BloFin GOOGL-USDT	+0.0202%	8h	357.03	+0.081%	$693K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0215%	8h	357.11	+0.104%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0619%	4h	356.93	+0.052%	$208K	$1.2M	10x	as long as short