Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.067%

Price spread now: BloFin against Hotstuff+0.042%7-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 BloFin

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.042% dearer against Hotstuff than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	357.54	0.0072	pay 0.0009% / 1h	46m 45s	$33K	—	20x
Short	BloFin GOOGL-USDT	357.69	0.0175	get 0.0175% / 8h	5h 46m	—	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.042%Rate

Funding earned: $21.58
Price spread: +0.042% → 0.000%: $4.2
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.78
Costs to cover: 0.170%
Break-even: 4.2 days

Slippage unknown: Hotstuff: no order-book sample; BloFin: live order book, 80 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 BloFin live order book, 80 min ago	0.14 bp	6.6 bp −$7	7.7 bp −$77	15.7 bp −$1,566	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
Deribit GOOGL_USDC-PERPETUAL	−0.0617%	1h	357.24	−0.084%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0066%	1h	357.60	+0.016%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.070%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	+0.028%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.021%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.030%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.71	+0.048%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.095%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.059%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.43	−0.031%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0020%	8h	357.81	+0.076%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.022%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.059%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.117%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0034%	8h	357.63	+0.025%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.031%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	0.000%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.40	−0.039%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	0.000%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.045%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.73	+0.052%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	357.73	+0.053%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.63	+0.025%	$421K	$1.8M	20x	as long as short
Bitget GOOGLUSDT	+0.0056%	8h	357.74	+0.056%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERPlong	+0.0072%	1h	357.54	long leg	$33K	—	20x
Lighter GOOGL	+0.0088%	1h	357.78	+0.067%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.50	−0.012%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.34	−0.056%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.57	+0.008%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	+0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	+0.006%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	0.000%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0133%	8h	357.71	+0.048%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDTshort	+0.0175%	8h	357.69	+0.042%	—	$234K	20x
edgeX GOOGLUSDC	+0.0789%	4h	357.68	+0.038%	$209K	$1.2M	10x	as long as short