Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.008%

Price spread now: Hotstuff against Orderly−0.011%7-day average — · you buy dearer than you sell

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

Long on Orderly 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	357.08	0.0100	pay 0.0100% / 8h	6h 03m	$10K	$10K	20x
Short	Hotstuff GOOGL-PERP	357.04	0.0184	get 0.0023% / 1h	3m 57s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Orderly. 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 OrderlybpFee HotstuffbpOrdersPrice spread, now −0.011%Rate

Funding earned: $17.64
Price spread: −0.011% → 0.000%: −$1.12
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $5.52
Costs to cover: 0.110%
Break-even: 4.8 days

Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Orderly and 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 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
Deribit GOOGL_USDC-PERPETUAL	−0.0142%	1h	356.90	−0.050%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0027%	1h	357.08	−0.001%	$557K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.86	−0.062%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	+0.003%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.13	+0.015%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.20	+0.033%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.20	+0.034%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.33	+0.070%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.26	+0.050%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0008%	1h	357.05	−0.008%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0020%	8h	357.14	+0.017%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.24	+0.045%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.011%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.10	+0.006%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.95	−0.036%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.062%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0048%	8h	357.12	+0.012%	$365K	$458K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	−0.011%	$98.9M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.048%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.014%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.80	−0.078%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.21	+0.037%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0068%	8h	357.23	+0.042%	$11.6M	$7.4M	100x	as long as short
Binance GOOGLUSDT	+0.0069%	8h	357.16	+0.022%	$72.8M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.12	+0.011%	$421K	$1.8M	20x	as long as short
Lighter GOOGL	+0.0088%	1h	357.26	+0.050%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.02	−0.017%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.00	−0.023%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.81	−0.076%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	−0.022%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	357.08	long leg	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.06	−0.006%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0154%	8h	357.18	+0.028%	$13.8M	$12.4M	50x	as long as short
Hotstuff GOOGL-PERPshort	+0.0184%	1h	357.04	−0.011%	$33K	—	20x
edgeX GOOGLUSDC	+0.0570%	4h	357.13	+0.013%	$208K	$1.2M	10x	as long as short