Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.022%

Price spread now: SunX against Hotstuff+0.020%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 SunX

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 · 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	356.77	−0.0024	get 0.0003% / 1h	34m 24s	$33K	—	20x
Short	SunX GOOGL-USDT	356.84	0	get 0.0000% / 8h	6h 34m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $5.04
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 SunX: 4 bp × 2 orders: −$8
Net: −$6
Costs to cover: 0.130%
Break-even: 15.3 days

Slippage unknown: Hotstuff: no order-book sample; SunX: live order book, 4 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 SunX live order book, 4 min ago	44.71 bp	49.2 bp −$49	doesn't fit	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
Deribit GOOGL_USDC-PERPETUAL	−0.0255%	1h	356.48	−0.081%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERPlong	−0.0024%	1h	356.77	long leg	$33K	—	20x
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.40	−0.104%	$529K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0005%	1h	356.71	−0.016%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.79	+0.006%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	−0.006%	$16.9M	$9.2M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.012%	$23K	$436K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	356.84	+0.020%	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	356.96	+0.053%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.87	+0.028%	$2.7M	$67K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.49	−0.079%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	−0.008%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.89	+0.034%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.098%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.77	0.000%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.54	−0.064%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.94	+0.048%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.77	0.000%	$98.7M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.54	−0.064%	$684K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.79	+0.006%	$156	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.51	−0.073%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.87	+0.028%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.027%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.84	+0.019%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	356.74	−0.009%	$365K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.77	−0.001%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.042%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	356.86	+0.025%	$72.8M	$141.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.61	−0.045%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.43	−0.095%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.57	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.71	−0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.68	−0.025%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0127%	8h	357.00	+0.064%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.94	+0.048%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.084%	$651K	$234K	20x	as long as short