Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.1660%/8h= −181.8% APRpaid last 24h −0.020%

Price spread now: Hotstuff against Paradex−0.038%354s7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$50 a day on $10k at the current rate, and Hotstuff is 0.038% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 354 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	Paradex GOOGL-USD-PERP	358.04	0.0060	pay 0.0060% / 8h	5h 52m	$294	$253	5x
Short	Hotstuff GOOGL-PERP	357.90	−0.1600	pay 0.0200% / 1h	52m 56s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$348.66
Price spread: −0.038% → 0.000%: −$3.83
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$361.49
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Hotstuff no order-book sample	—	—	—	—	—

Paradex 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 36 exchanges

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
Hotstuff GOOGL-PERPshort	−0.1600%	1h	357.90	−0.038%	$33K	—	20x
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	358.24	+0.057%	$522K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.24	+0.057%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.24	+0.057%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.03	−0.002%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.31	+0.076%	$17.5M	$9.8M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.18	+0.040%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.26	+0.062%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.48	+0.124%	$2.7M	$114K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.91	−0.035%	$29K	$152K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0013%	8h	358.41	+0.105%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.35	+0.087%	$145K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.05	+0.004%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.256%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.19	+0.043%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.01	−0.008%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.97	−0.019%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.90	−0.038%	$112	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.18	+0.040%	$2.3M	$3.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.14	+0.029%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0060%	8h	358.04	long leg	$294	$253	5x
Aster GOOGLUSDT	+0.0061%	8h	358.39	+0.099%	$368K	$420K	20x	as long as short
Binance GOOGLUSDT	+0.0079%	8h	358.24	+0.058%	$73.2M	$145.0M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.13	+0.026%	$426K	$2.4M	20x	as long as short
Nado GOOGL-PERP	+0.0087%	1h	357.94	−0.026%	$552K	$82K	20x	as long as short
Lighter GOOGL	+0.0096%	1h	358.04	+0.001%	$2.0M	$2.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.11	+0.021%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.00	−0.010%	$3.0M	$246K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.38	+0.096%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.04	+0.001%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.10	+0.019%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.18	+0.040%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0145%	8h	358.58	+0.151%	$12K	$460K	10x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	358.66	+0.173%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.96	−0.022%	$211K	$195K	10x	as long as short
BloFin GOOGL-USDT	+0.0202%	8h	358.23	+0.054%	$690K	$242K	20x	as long as short