Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0077%/8h= −8.4% APRpaid last 24h −0.035%

Price spread now: Hotstuff against Bybit−0.098%7-day average — · you buy dearer than you sell

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

Long on Bybit 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 −$2 a day on $10k at the current rate, and Hotstuff is 0.098% cheaper against Bybit than usual: you would sell low and buy high (−$10 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	Bybit GOOGLUSDT	357.85	0.0181	pay 0.0181% / 8h	4h 36m	$12.0M	$7.6M	100x
Short	Hotstuff GOOGL-PERP	357.50	0.0104	get 0.0013% / 1h	36m 55s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.098%Rate

Funding earned: −$16.16
Price spread: −0.098% → 0.000%: −$9.78
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$41.94
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.14 bp	7.3 bp −$7	12.5 bp −$125	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	−0.0048%	1h	357.54	−0.087%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.059%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	−0.039%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	−0.011%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.77	−0.022%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.53	−0.089%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	−0.006%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.006%	$2.7M	$85K	10x	as long as short
Bitget GOOGLUSDT	+0.0009%	8h	357.78	−0.020%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.63	−0.062%	$144K	$49K	10x	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	357.77	−0.022%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.204%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.117%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.71	−0.039%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.053%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.54	−0.087%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.092%	$154	$46K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.52	−0.092%	$99.0M	$20.5M	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.123%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0055%	8h	357.86	+0.002%	$366K	$457K	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.67	−0.049%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.76	−0.025%	$73.1M	$141.3M	50x	as long as short
Nado GOOGL-PERP	+0.0099%	1h	357.48	−0.104%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.69	−0.046%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.30	−0.154%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.45	−0.112%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.54	−0.087%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERPshort	+0.0104%	1h	357.50	−0.098%	$33K	—	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.60	−0.070%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.66	−0.052%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.070%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0114%	8h	357.67	−0.050%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDTlong	+0.0181%	8h	357.85	long leg	$12.0M	$7.6M	100x
BloFin GOOGL-USDT	+0.0195%	8h	357.74	−0.031%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	−0.022%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0856%	4h	357.68	−0.049%	$209K	$1.2M	10x	as long as short