Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.026%

Price spread now: Injective against HTX−0.435%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.506%+$51 · spread now −0.435%, 7d avg +0.007%

Together, before fees+0.560%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.442% cheaper against HTX than usual: you would sell low and buy high (spread −0.435% now, against its 7-day average of +0.007%). If the spread goes back, that is −$44 on $10k: about 44 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	358.68	0	get 0.0000% / 8h	7h 00m	$115K	$213K	30x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	0m 45s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.435%Rate

Funding earned: $7
Price spread: −0.435% → +0.007%: −$44.2
Slippage, 4 orders: −$25.71
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$74.92
Costs to cover: 0.377%
Break-even: 81.9 days

Slippage from HTX: live order book, 31 min ago; Injective: live order book, 33 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, 31 min ago	2.80 bp	8.8 bp −$9	10.7 bp −$107	doesn't fit	doesn't fit
Sell Injective live order book, 33 min ago	7.41 bp	12.7 bp −$13	12.7 bp −$127	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	−0.0080%	1h	357.26	−0.396%	$513K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.51	−0.047%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.33	−0.098%	$3.6M	$7.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.49	−0.053%	$17.3M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.44	−0.067%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.68	0.000%	$2K	$3.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.28	−0.112%	$24K	$149K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	358.68	long leg	$115K	$213K	30x
Phemex GOOGLUSDT	0.0000%	4h	358.65	−0.008%	$2.7M	$94K	10x	as long as short
Aster GOOGLUSDT	+0.0007%	8h	358.34	−0.095%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	358.35	−0.092%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	358.44	−0.067%	$72.7M	$142.5M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.29	−0.110%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.43	−0.070%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.435%	$128K	$45K	30x
QFEX GOOGL-USD	+0.0039%	1h	358.59	−0.025%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	358.39	−0.081%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.73	+0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.24	−0.123%	$98.0M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.37	−0.086%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.36	−0.089%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.37	−0.086%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0053%	1h	358.49	−0.052%	$551K	$81K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	−0.002%	$24K	$449K	10x	as long as short
Bybit GOOGLUSDT	+0.0061%	8h	358.44	−0.067%	$11.5M	$7.4M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.61	−0.019%	$294	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0081%	8h	358.19	−0.137%	$3.0M	$178K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.48	−0.056%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0097%	8h	358.54	−0.039%	$682K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.64	−0.012%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.095%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.40	−0.078%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	−0.082%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.47	−0.059%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	358.47	−0.059%	$2.0M	$1.6M	20x	as long as short
edgeX GOOGLUSDC	+0.0699%	4h	358.59	−0.025%	$209K	$1.2M	10x	as long as short