Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Deribit against HTX−0.106%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.147%+$15 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.106%, 7d avg −0.083%

Together, before fees+0.169%+$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.023% cheaper against HTX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.25	0	get 0.0000% / 8h	1h 56m	$115K	$212K	30x
Short	Deribit GOOGL_USDC-PERPETUAL	356.87	0	get 0.0000% / 1h	56m 14s	$24K	$156K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0
Price spread: −0.106% → −0.083%: −$2.3
Slippage, 4 orders: −$11.42
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$32.72
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from HTX: live order book, 50 min ago; Deribit: live order book, 52 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, 50 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Deribit live order book, 52 min ago	0.14 bp	3.6 bp −$4	5.1 bp −$51	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.88	−0.104%	$519K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	356.93	−0.090%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.14	−0.031%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.02	−0.064%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.26	+0.003%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.23	−0.006%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.33	+0.022%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.16	−0.025%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALshort	0.0000%	1h	356.87	−0.106%	$24K	$156K	10x
HTX GOOGL-USDTlong	0.0000%	8h	357.25	long leg	$115K	$212K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.30	+0.014%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.22	−0.008%	$145K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.09	−0.045%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.036%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.09	−0.045%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.28	+0.007%	$365K	$424K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.96	−0.081%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	−0.003%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.99	−0.073%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.92	−0.092%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.96	−0.081%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.89	−0.101%	$157	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.109%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.05	−0.057%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.15	−0.029%	$72.0M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.05	−0.056%	$422K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.92	−0.093%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.69	−0.157%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.08	−0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.96	−0.081%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.02	−0.065%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.09	−0.045%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.11	−0.039%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.29	+0.011%	$689K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0186%	8h	357.17	−0.022%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0802%	4h	357.22	−0.008%	$208K	$1.2M	10x	as long as short