Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0048%/8h= −5.3% APRpaid last 24h −0.022%

Price spread now: Gate against Hotstuff−0.020%7-day average — · you buy dearer than you sell

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

Long on Hotstuff Short on Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	357.09	0.0048	pay 0.0006% / 1h	58m 02s	$33K	—	20x
Short	Gate GOOGL_USDT	357.02	0	get 0.0000% / 8h	58m 02s	$3.6M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.020%Rate

Funding earned: −$10.08
Price spread: −0.020% → 0.000%: −$1.96
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.04
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	1.82 bp	11.9 bp −$12	22.6 bp −$226	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	356.60	−0.137%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.15	+0.017%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	357.02	−0.020%	$3.6M	$7.4M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.034%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.18	+0.026%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.21	+0.033%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.13	+0.011%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	−0.017%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.042%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.24	+0.042%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0010%	8h	357.22	+0.038%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0015%	1h	357.03	−0.017%	$549K	$91K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	357.10	+0.002%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.08	−0.003%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.00	−0.026%	$423K	$1.7M	20x	as long as short
Binance GOOGLUSDT	+0.0032%	8h	357.10	+0.002%	$72.0M	$143.5M	50x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.008%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.12	+0.008%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.96	−0.036%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	+0.053%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERPlong	+0.0048%	1h	357.09	long leg	$33K	—	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.94	−0.042%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.94	−0.042%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.95	−0.039%	$138	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.039%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.15	+0.016%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0077%	8h	356.65	−0.123%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	+0.011%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.037%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	−0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.02	−0.020%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.01	−0.022%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0117%	8h	357.11	+0.006%	$11.5M	$7.9M	100x	as long as short
Lighter GOOGL	+0.0120%	1h	357.14	+0.014%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0129%	8h	357.30	+0.059%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0728%	4h	357.16	+0.019%	$208K	$1.2M	10x	as long as short