Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.042%

Price spread now: Hotstuff against BloFin−0.070%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 airdropHotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.070% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	358.91	0.0187	pay 0.0187% / 8h	6h 16m	$688K	$240K	20x
Short	Hotstuff GOOGL-PERP	358.66	0.0096	get 0.0012% / 1h	16m 24s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against BloFin. 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 BloFinbpFee HotstuffbpOrdersPrice spread, now −0.070%Rate

Funding earned: −$19.1
Price spread: −0.070% → 0.000%: −$6.97
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$43.06
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 33 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 BloFin live order book, 33 min ago	0.56 bp	6.6 bp −$7	7.5 bp −$75	14.1 bp −$1,409	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 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
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.00	−0.254%	$516K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.94	+0.008%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.71	−0.056%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.97	+0.017%	$17.5M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.85	−0.016%	$5.0M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.96	+0.014%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.99	+0.022%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.04	+0.036%	$2.7M	$106K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0001%	1h	358.71	−0.056%	$25K	$148K	10x	as long as short
Bybit GOOGLUSDT	+0.0007%	8h	358.86	−0.014%	$11.5M	$7.5M	100x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0030%	1h	358.65	−0.072%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.84	−0.020%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.499%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.93	+0.006%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.80	−0.031%	$1.3M	$4.1M	10x	as long as short
Aster GOOGLUSDT	+0.0049%	8h	358.53	−0.105%	$368K	$420K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.65	−0.072%	$98.3M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.74	−0.047%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.66	−0.070%	$110	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.47	−0.123%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	358.78	−0.035%	$294	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	358.80	−0.030%	$424K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0068%	8h	358.91	0.000%	$73.3M	$141.4M	50x	as long as short
Nado GOOGL-PERP	+0.0080%	1h	358.70	−0.059%	$552K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.66	−0.070%	$211K	$279K	10x	as long as short
Hotstuff GOOGL-PERPshort	+0.0096%	1h	358.66	−0.070%	$33K	—	20x
Pacifica GOOGL	+0.0100%	1h	358.55	−0.100%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.47	−0.123%	$3.0M	$222K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.52	−0.109%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.82	−0.025%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.76	−0.042%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.61	−0.084%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0145%	8h	358.89	−0.006%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDTlong	+0.0187%	8h	358.91	long leg	$688K	$240K	20x
Lighter GOOGL	+0.0192%	1h	358.85	−0.017%	$2.0M	$2.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0260%	4h	358.82	−0.024%	$209K	$1.2M	10x	as long as short