Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h −0.014%

Price spread now: Hotstuff against Variational Omni−0.032%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Hotstuff: Active · farm boardneeds both histories

Funding pays, the price is against you. Hotstuff is 0.032% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.032% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.61	0	get 0.0000% / 8h	1h 34m	$4.8M	$2.4M	—
Short	Hotstuff GOOGL-PERP	356.50	0.0096	get 0.0012% / 1h	34m 36s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Variational Omni. 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 Variational OmnibpFee HotstuffbpOrdersPrice spread, now −0.032%Rate

Funding earned: $20.16
Price spread: −0.032% → 0.000%: −$3.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $12
Costs to cover: 0.050%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	2.62 bp	doesn't fit	7.1 bp −$71	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.004%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.67	+0.016%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.56	−0.015%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.74	+0.036%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	356.61	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.044%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.71	+0.027%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.48	−0.037%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.064%	$114K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.86	+0.069%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.60	−0.005%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0031%	8h	356.83	+0.062%	$365K	$424K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.64	+0.008%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.142%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.68	+0.019%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.45	−0.046%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.76	+0.041%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0047%	1h	356.54	−0.021%	$548K	$91K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.52	−0.026%	$98.0M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.53	−0.023%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.50	−0.032%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.32	−0.082%	$2.3M	$4.8M	15x	as long as short
Binance GOOGLUSDT	+0.0052%	8h	356.67	+0.016%	$72.0M	$143.9M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.64	+0.007%	$292	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.60	−0.002%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.61	−0.001%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERPshort	+0.0096%	1h	356.50	−0.032%	$33K	—	20x
Pacifica GOOGL	+0.0100%	1h	356.55	−0.018%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.55	−0.018%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.49	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.52	−0.026%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.52	−0.026%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0144%	1h	356.69	+0.022%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0168%	8h	356.60	−0.004%	$11.6M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0173%	8h	356.69	+0.022%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0221%	4h	356.65	+0.011%	$208K	$1.2M	10x	as long as short