Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h +0.015%

Price spread now: Variational Omni against Hotstuff+0.060%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Variational Omni is 0.060% dearer against Hotstuff than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	357.21	0.0048	pay 0.0006% / 1h	39m 33s	$33K	—	20x
Short	Variational Omni GOOGL	357.43	0	get 0.0000% / 8h	39m 33s	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.060%Rate

Funding earned: −$10.08
Price spread: +0.060% → 0.000%: $6.03
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.05
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 5 min ago	2.62 bp	doesn't fit	9.4 bp −$94	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	−0.0048%	1h	356.60	−0.171%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.38	+0.048%	$13.6M	$12.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	+0.025%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.45	+0.067%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.43	+0.060%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.45	+0.067%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.49	+0.078%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.29	+0.022%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.54	+0.092%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.076%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0010%	1h	357.25	+0.010%	$549K	$91K	20x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	357.36	+0.041%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.23	+0.006%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.31	+0.028%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.28	+0.019%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.025%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.26	+0.014%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.36	+0.043%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.14	−0.020%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	+0.081%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERPlong	+0.0048%	1h	357.21	long leg	$33K	—	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.16	−0.014%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.18	−0.008%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.22	+0.003%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.09	−0.034%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.26	+0.014%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0064%	8h	356.89	−0.090%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.08	−0.037%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.17	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	+0.025%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	+0.035%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	357.40	+0.053%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.13	−0.022%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0133%	8h	357.42	+0.059%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.38	+0.048%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.42	+0.058%	$208K	$1.2M	10x	as long as short