Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.009%

Price spread now: Orderly against Hotstuff+0.008%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 Orderly

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: +$3 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	357.06	0.0008	pay 0.0001% / 1h	48m 07s	$33K	—	20x
Short	Orderly PERP_GOOGL_USDC	357.09	0.0100	get 0.0100% / 8h	48m 07s	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.008%Rate

Funding earned: $19.32
Price spread: +0.008% → 0.000%: $0.84
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $9.16
Costs to cover: 0.110%
Break-even: 3.7 days

Slippage unknown: Hotstuff: no order-book sample; Orderly: 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

Hotstuff and Orderly: 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	−0.129%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	357.03	−0.009%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.22	+0.045%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.10	+0.011%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.28	+0.062%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	+0.010%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.13	+0.020%	$23K	$450K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.21	+0.042%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.05	−0.003%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.36	+0.084%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.29	+0.064%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	357.29	+0.064%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERPlong	+0.0008%	1h	357.06	long leg	$33K	—	20x
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.10	+0.011%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0030%	8h	357.21	+0.042%	$72.0M	$143.4M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.13	+0.020%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.11	+0.015%	$426K	$2.2M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.017%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.14	+0.022%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.93	−0.036%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	+0.050%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.02	−0.011%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.93	−0.036%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.04	−0.006%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.83	−0.064%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.15	+0.024%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0066%	8h	356.82	−0.067%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.95	−0.031%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.91	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	357.09	+0.008%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.07	+0.003%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0108%	8h	357.25	+0.053%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.11	+0.014%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0119%	8h	357.21	+0.042%	$690K	$236K	20x	as long as short
Lighter GOOGL	+0.0136%	1h	357.20	+0.039%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0249%	4h	357.08	+0.005%	$208K	$1.2M	10x	as long as short