Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0152%/8h= −16.7% APRpaid last 24h −0.046%

Price spread now: Hotstuff against OKX−0.067%53s7-day average — · you buy dearer than you sell

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

Long on OKX 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hotstuff is 0.067% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	356.41	0.0192	pay 0.0192% / 8h	7h 32m	$13.8M	$12.7M	50x
Short	Hotstuff GOOGL-PERP	356.17	0.0040	get 0.0005% / 1h	32m 43s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against OKX. 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 OKXbpFee HotstuffbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$31.98
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$53.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.56 bp	7.6 bp −$8	11.9 bp −$119	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	356.40	−0.003%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.39	−0.005%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.37	−0.011%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.19	−0.062%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.41	0.000%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	+0.006%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.12	−0.082%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.54	+0.036%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.157%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.199%	$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
Lighter GOOGL	+0.0040%	1h	356.46	+0.014%	$2.1M	$1.1M	20x	as long as short
Hotstuff GOOGL-PERPshort	+0.0040%	1h	356.17	−0.067%	$33K	—	20x
Nado GOOGL-PERP	+0.0044%	1h	356.21	−0.055%	$559K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.39	−0.006%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.34	−0.020%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.15	−0.073%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.17	−0.067%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.10	−0.087%	$2.2M	$5.0M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	−0.011%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.26	−0.042%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0081%	8h	356.49	+0.021%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.46	+0.014%	$17.0M	$9.3M	100x	as long as short
Aster GOOGLUSDT	+0.0099%	8h	356.58	+0.047%	$364K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.031%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.00	−0.115%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.18	−0.065%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.22	−0.053%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.24	−0.049%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0110%	8h	356.61	+0.056%	$11.5M	$7.7M	100x	as long as short
Binance GOOGLUSDT	+0.0120%	8h	356.51	+0.027%	$72.9M	$142.3M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.44	+0.009%	$421K	$2.0M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	−0.056%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0192%	8h	356.41	long leg	$13.8M	$12.7M	50x
BloFin GOOGL-USDT	+0.0241%	8h	356.40	−0.003%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.15	−0.073%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	+0.001%	$209K	$1.2M	10x	as long as short