Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0016%/8h= +1.8% APRpaid last 24h +0.013%

Price spread now: Coinbase International against HTX−0.098%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.098%, 7d avg −0.166%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Coinbase International is 0.069% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.54	0	get 0.0000% / 8h	2h 50m	$115K	$216K	30x
Short	Coinbase International GOOGL-PERP-INTX	357.19	0.0016	get 0.0002% / 1h	50m 38s	$521K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.098%Rate

Funding earned: $3.36
Price spread: −0.098% → −0.166%: $6.86
Slippage, 4 orders: −$10.96
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$22.74
Costs to cover: 0.330%
Break-even: 54.4 days

Slippage from HTX: live order book, 61 min ago; Coinbase International: live order book, 3 min ago.

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 HTX live order book, 61 min ago	2.80 bp	8.8 bp −$9	12.6 bp −$126	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	1.26 bp	7.1 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit

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
Hotstuff GOOGL-PERP	0.0000%	1h	357.10	−0.123%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.21	−0.092%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.35	−0.053%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.39	−0.042%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.15	−0.109%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.54	long leg	$115K	$216K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.45	−0.025%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0001%	1h	357.10	−0.124%	$557K	$86K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0006%	8h	357.34	−0.055%	$23K	$446K	10x	as long as short
Variational Omni GOOGL	+0.0014%	8h	357.33	−0.058%	$4.8M	$2.4M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTXshort	+0.0016%	1h	357.19	−0.098%	$521K	$1.1M	10x
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.26	−0.080%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.28	−0.073%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.117%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.15	−0.109%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.35	−0.053%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.23	−0.087%	$1.3M	$4.3M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0048%	8h	357.28	−0.073%	$13.7M	$12.5M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.12	−0.117%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.15	−0.109%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.12	−0.117%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.04	−0.140%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.23	−0.086%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.48	−0.017%	$366K	$426K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.22	−0.091%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.31	−0.064%	$72.2M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.10	−0.124%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.12	−0.117%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.18	−0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.22	−0.090%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	−0.090%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.29	−0.070%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.24	−0.084%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0211%	8h	357.37	−0.048%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0225%	8h	357.43	−0.031%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0992%	4h	357.35	−0.054%	$208K	$1.2M	10x	as long as short