Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX−0.028%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1161.163% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.028%, 7d avg −0.031%

Together, before fees+0.009%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.73	0	get 0.0000% / 8h	5h 55m	$115K	$223K	30x
Short	SunX GOOGL-USDT	357.63	0	get 0.0000% / 8h	5h 55m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → −0.031%: $0.32
Slippage, 4 orders: −$96.32
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$116.01
Costs to cover: 1.163%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; SunX: 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, 6 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	44.89 bp	49.4 bp −$49	doesn't fit	doesn't fit	doesn't fit

GOOGL on 35 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	−0.0064%	1h	357.41	−0.089%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0055%	1h	357.52	−0.060%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.53	−0.056%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	−0.043%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	−0.046%	$24K	$436K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.63	−0.028%	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.44	−0.081%	$23K	$154K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.73	long leg	$115K	$223K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.64	−0.025%	$2.7M	$74K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	357.23	−0.140%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOOGL-USD	+0.0028%	1h	357.56	−0.048%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.69	−0.011%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.171%	$128K	$45K	30x	as long as short
Bitget GOOGLUSDT	+0.0034%	8h	357.63	−0.028%	$17.0M	$9.3M	100x	as long as short
Bybit GOOGLUSDT	+0.0038%	8h	357.71	−0.006%	$11.7M	$7.4M	100x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.30	−0.120%	$202K	$272K	10x	as long as short
Aster GOOGLUSDT	+0.0041%	8h	357.49	−0.067%	$365K	$458K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.76	+0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.46	−0.075%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.28	−0.126%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.42	−0.087%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.24	−0.137%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.65	−0.023%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.66	−0.020%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.57	−0.044%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.45	−0.078%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.27	−0.129%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0096%	1h	357.71	−0.006%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.095%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.19	−0.151%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.42	−0.087%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.46	−0.075%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.46	−0.075%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0143%	8h	357.62	−0.031%	$13.8M	$12.5M	50x	as long as short
edgeX GOOGLUSDC	+0.0298%	4h	357.53	−0.056%	$209K	$1.2M	10x	as long as short