Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.038%

Price spread now: Injective against HTX−0.201%65s7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.372% of the position

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)+0.180%+$18 · spread now −0.201%, 7d avg +0.016%

Together, before fees+0.245%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.217% cheaper against HTX than usual: you would sell low and buy high (spread −0.201% now, against its 7-day average of +0.016%). If the spread goes back, that is −$22 on $10k: about 22 days of funding at the current rate (+$1 a day). The two prices were read 65 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	HTX GOOGL-USDT	357.84	0	get 0.0000% / 8h	4h 37m	$115K	$221K	30x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	37m 31s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now −0.201%Rate

Funding earned: $7
Price spread: −0.201% → +0.016%: −$21.73
Slippage, 4 orders: −$25.19
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$51.94
Costs to cover: 0.372%
Break-even: 58.9 days

Slippage from HTX: live order book, 19 min ago; Injective: live order book, 21 min ago.

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 HTX live order book, 19 min ago	1.54 bp	9.5 bp −$10	11.1 bp −$111	doesn't fit	doesn't fit
Sell Injective live order book, 21 min ago	9.91 bp	10.2 bp −$10	10.2 bp −$102	doesn't fit	doesn't fit

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	357.54	−0.084%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.056%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	−0.037%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	−0.008%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	−0.031%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.84	long leg	$115K	$221K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.008%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.47	−0.103%	$24K	$155K	10x	as long as short
Bitget GOOGLUSDT	+0.0009%	8h	357.78	−0.017%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.63	−0.059%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.73	−0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	−0.201%	$128K	$45K	30x
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.115%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.71	−0.036%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.050%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.54	−0.084%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	−0.092%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.120%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.084%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0055%	8h	357.86	+0.005%	$366K	$457K	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.67	−0.046%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0075%	8h	357.77	−0.020%	$73.1M	$141.3M	50x	as long as short
Nado GOOGL-PERP	+0.0099%	1h	357.48	−0.101%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.69	−0.043%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.32	−0.145%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.45	−0.109%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.51	−0.092%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.50	−0.095%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.072%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.66	−0.049%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.067%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0114%	8h	357.67	−0.048%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.85	+0.003%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0194%	8h	357.75	−0.025%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	−0.020%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0856%	4h	357.68	−0.046%	$209K	$1.2M	10x	as long as short