Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0060%/8h= +6.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against HTX−0.112%7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.112%, 7d avg −0.119%

Together, before fees+0.034%+ Points / potential airdroptradeXYZ: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.119%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	356.77	0	get 0.0000% / 8h	36m 02s	$115K	$224K	30x
Short	tradeXYZ xyz:GOOGL	356.37	0.0060	get 0.0007% / 1h	36m 02s	$98.9M	$25.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.112%Rate

Funding earned: $12.52
Price spread: −0.112% → −0.119%: $0.65
Slippage, 4 orders: −$7.5
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$24.33
Costs to cover: 0.375%
Break-even: 20.6 days

Slippage from HTX: live order book, 40 min ago; tradeXYZ: live order book, 4 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, 40 min ago	2.80 bp	8.8 bp −$9	10.5 bp −$105	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.42 bp	10.3 bp −$10	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
Gate GOOGL_USDT	0.0000%	8h	356.51	−0.073%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	−0.045%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	356.77	long leg	$115K	$224K	30x
Phemex GOOGLUSDT	0.0000%	4h	356.76	−0.003%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.104%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.42	−0.098%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.64	−0.036%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.098%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	−0.078%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.59	−0.050%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOOG-USD	+0.0050%	1h	356.36	−0.115%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.33	−0.123%	$200	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.24	−0.149%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0056%	8h	356.57	−0.055%	$4.7M	$2.6M	—	as long as short
tradeXYZ xyz:GOOGLshort	+0.0060%	1h	356.37	−0.112%	$98.9M	$25.2M	20x
QFEX GOOGL-USD	+0.0060%	1h	356.51	−0.073%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0088%	8h	356.52	−0.069%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0098%	8h	356.62	−0.042%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.145%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.126%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.35	−0.118%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.59	−0.050%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.52	−0.069%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0108%	8h	356.77	0.000%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0111%	1h	356.30	−0.132%	$559K	$82K	20x	as long as short
Bitget GOOGLUSDT	+0.0118%	8h	356.67	−0.028%	$16.9M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.56	−0.060%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.62	−0.043%	$73.1M	$142.8M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0136%	1h	356.35	−0.118%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0151%	8h	356.69	−0.022%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.49	−0.078%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0171%	1h	356.43	−0.095%	$23K	$152K	10x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.65	−0.034%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.39	−0.107%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0296%	1h	356.63	−0.039%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0310%	4h	356.66	−0.030%	$210K	$1.2M	10x	as long as short