Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.015%

Price spread now: HTX against QFEX+0.011%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on QFEX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.025%−$2 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.011%, 7d avg +0.045%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.034% cheaper against QFEX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	QFEX GOOGL-USD	357.95	0.0064	pay 0.0008% / 1h	16m 22s	$1.3M	$4.2M	10x
Short	HTX GOOGL-USDT	357.99	0	get 0.0000% / 8h	3h 16m	$115K	$217K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against QFEX. 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 QFEXbpFee HTXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$13.36
Price spread: +0.011% → +0.045%: −$3.42
Slippage, 4 orders: −$8.39
Fee QFEX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$47.16
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from QFEX: live order book, 7 min ago; HTX: live order book, 35 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 QFEX live order book, 7 min ago	1.40 bp	6.4 bp −$6	6.4 bp −$64	14.3 bp −$1,433	doesn't fit
Sell HTX live order book, 35 min ago	2.80 bp	8.8 bp −$9	19.7 bp −$197	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	357.93	−0.006%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.08	+0.036%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.05	+0.028%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.78	−0.047%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.99	+0.011%	$115K	$217K	30x
Phemex GOOGLUSDT	0.0000%	4h	358.12	+0.047%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.078%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0017%	1h	357.78	−0.047%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.78	−0.049%	$145K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.98	+0.008%	$24K	$443K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0028%	8h	358.00	+0.015%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.04	+0.025%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.232%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.73	−0.061%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.01	+0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.81	−0.039%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.81	−0.039%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.80	−0.042%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.63	−0.089%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.79	−0.045%	$33K	—	20x	as long as short
QFEX GOOGL-USDlong	+0.0064%	1h	357.95	long leg	$1.3M	$4.2M	10x
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.97	+0.004%	$294	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0084%	8h	357.99	+0.011%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0089%	8h	357.80	−0.041%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.98	+0.008%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.60	−0.098%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.71	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.77	−0.050%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.92	−0.008%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	358.05	+0.028%	$72.5M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.95	0.000%	$419K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	−0.056%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	358.05	+0.028%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	358.01	+0.017%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	358.12	+0.047%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	+0.011%	$209K	$1.2M	10x	as long as short