Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0083%/8h= +9.0% APRpaid last 24h +0.019%

Price spread now: Aster against Hotstuff+0.073%52s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.073% dearer against Hotstuff than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	356.55	0.0024	pay 0.0003% / 1h	41m 47s	$33K	—	20x
Short	Aster GOOGLUSDT	356.81	0.0107	get 0.0107% / 8h	41m 47s	$362K	$455K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.073%Rate

Funding earned: $17.35
Price spread: +0.073% → 0.000%: $7.31
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $11.66
Costs to cover: 0.130%
Break-even: 2.3 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 36 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 36 min ago	3.22 bp	8.6 bp −$9	12.3 bp −$123	doesn't fit	doesn't fit

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
Gate GOOGL_USDT	0.0000%	8h	356.56	+0.003%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	+0.050%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.081%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.070%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.076%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.40	−0.042%	$144K	$54K	10x	as long as short
Hotstuff GOOGL-PERPlong	+0.0024%	1h	356.55	long leg	$33K	—	20x
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.034%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.160%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.64	+0.025%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0046%	8h	356.72	+0.048%	$23K	$474K	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.50	−0.014%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.59	+0.011%	$190	$46K	10x	as long as short
Variational Omni GOOGL	+0.0050%	8h	356.70	+0.042%	$4.7M	$2.6M	—	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.42	−0.036%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.66	+0.031%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0077%	1h	356.47	−0.022%	$98.2M	$24.7M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.65	+0.027%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0093%	8h	356.69	+0.039%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.27	−0.078%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.31	−0.067%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.50	−0.014%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.62	+0.020%	$10K	$10K	20x	as long as short
Nado GOOGL-PERP	+0.0102%	1h	356.42	−0.037%	$559K	$82K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.66	+0.032%	$25K	—	10x	as long as short
Aster GOOGLUSDTshort	+0.0107%	8h	356.81	+0.073%	$362K	$455K	20x
Bitget GOOGLUSDT	+0.0113%	8h	356.64	+0.025%	$16.9M	$9.3M	100x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0115%	1h	356.53	−0.006%	$23K	$151K	10x	as long as short
Binance GOOGLUSDT	+0.0128%	8h	356.65	+0.028%	$73.0M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.58	+0.007%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0142%	8h	356.70	+0.042%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.59	+0.011%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0247%	8h	356.78	+0.065%	$690K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.52	−0.008%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0304%	1h	356.68	+0.036%	$2.1M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0480%	4h	356.73	+0.051%	$208K	$1.2M	10x	as long as short