Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.017%

Price spread now: HTX against tradeXYZ+0.098%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on tradeXYZ Short on HTX

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)+0.070%+$7 · spread now +0.098%, 7d avg +0.119%

Together, before fees−0.036%+ Points / potential airdroptradeXYZ: Active · farm board−$4 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 0.021% cheaper against tradeXYZ than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.119%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:GOOGL	356.22	0.0050	pay 0.0006% / 1h	0m 17s	$98.3M	$22.0M	20x
Short	HTX GOOGL-USDT	356.57	0	get 0.0000% / 8h	7h 00m	$114K	$227K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against tradeXYZ. 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 tradeXYZbpFee HTXbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$10.5
Price spread: +0.098% → +0.119%: −$2.08
Slippage, 4 orders: −$7.75
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee HTX: 6 bp × 2 orders: −$12
Net: −$50.34
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 9 min ago; HTX: live order book, 6 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 tradeXYZ live order book, 9 min ago	0.28 bp	10.1 bp −$10	13.1 bp −$131	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	2.81 bp	8.8 bp −$9	17.9 bp −$179	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
Deribit GOOGL_USDC-PERPETUAL	−0.0171%	1h	356.07	−0.042%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.38	+0.045%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.071%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.41	+0.053%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	356.57	+0.098%	$114K	$227K	30x
Phemex GOOGLUSDT	0.0000%	4h	356.49	+0.076%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.20	−0.006%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0023%	8h	356.44	+0.062%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.054%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.40	+0.051%	$2.1M	$1.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.47	+0.070%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	0.000%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.31	+0.026%	$556K	$80K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.253%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLlong	+0.0050%	1h	356.22	long leg	$98.3M	$22.0M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.21	−0.003%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.21	−0.003%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.21	−0.003%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.36	+0.039%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.43	+0.059%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.56	+0.095%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0078%	8h	356.52	+0.084%	$11.5M	$7.5M	100x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.36	+0.040%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0100%	8h	356.46	+0.067%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.26	+0.011%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.18	−0.011%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.27	+0.014%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.31	+0.024%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.022%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.24	+0.006%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0180%	8h	356.45	+0.065%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0220%	8h	356.45	+0.065%	$647K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	+0.006%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	+0.054%	$209K	$1.2M	10x	as long as short