Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0008%/8h= +0.9% APRpaid last 24h +0.021%

Price spread now: Hotstuff against HTX−0.104%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hotstuff is 0.104% cheaper against HTX than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	356.70	0	get 0.0000% / 8h	7h 56m	$115K	$224K	30x
Short	Hotstuff GOOGL-PERP	356.33	0.0008	get 0.0001% / 1h	56m 41s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now −0.104%Rate

Funding earned: $1.68
Price spread: −0.104% → 0.000%: −$10.37
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$25.69
Costs to cover: 0.170%
Break-even: 114.1 days

Slippage unknown: HTX: live order book, 15 min ago; Hotstuff: no order-book sample. 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 HTX live order book, 15 min ago	2.66 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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	356.53	−0.048%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.66	−0.011%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.38	−0.090%	$22K	$152K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	356.70	long leg	$115K	$224K	30x
Phemex GOOGLUSDT	0.0000%	4h	356.65	−0.014%	$2.7M	$66K	10x	as long as short
Hotstuff GOOGL-PERPshort	+0.0008%	1h	356.33	−0.104%	$33K	—	20x
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.39	−0.088%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.66	−0.011%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.24	−0.129%	$530K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.118%	$128K	$45K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0042%	8h	356.64	−0.017%	$23K	$471K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	−0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.33	−0.104%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.40	−0.084%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.31	−0.109%	$179	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.20	−0.140%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.55	−0.042%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0064%	8h	356.58	−0.035%	$4.8M	$2.7M	—	as long as short
Pacifica GOOGL	+0.0100%	1h	356.28	−0.119%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.19	−0.143%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.42	−0.078%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.54	−0.045%	$10K	$10K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0102%	8h	356.57	−0.036%	$292	$253	5x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.44	−0.073%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0112%	8h	356.75	+0.013%	$365K	$457K	20x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.59	−0.030%	$422K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0132%	8h	356.68	−0.006%	$73.2M	$142.7M	50x	as long as short
Bitget GOOGLUSDT	+0.0142%	8h	356.68	−0.006%	$16.9M	$9.1M	100x	as long as short
Nado GOOGL-PERP	+0.0154%	1h	356.24	−0.130%	$559K	$81K	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.32	−0.107%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0199%	8h	356.70	0.000%	$13.8M	$12.9M	50x	as long as short
Lighter GOOGL	+0.0200%	1h	356.61	−0.025%	$2.1M	$1.1M	20x	as long as short
BloFin GOOGL-USDT	+0.0252%	8h	356.55	−0.042%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.45	−0.070%	$202K	$271K	10x	as long as short
Bybit GOOGLUSDT	+0.0351%	8h	356.75	+0.014%	$11.5M	$7.7M	100x	as long as short
edgeX GOOGLUSDC	+0.0706%	4h	356.60	−0.027%	$210K	$1.2M	10x	as long as short