Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against HTX−0.078%49s7-day average −0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$370.365% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.300%−$30 · spread now −0.078%, 7d avg −0.118%

Together, before fees−0.194%+ Points / potential airdroptradeXYZ: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.040% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.118%. The two prices were read 49 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	357.79	0	get 0.0000% / 8h	5h 21m	$115K	$223K	30x
Short	tradeXYZ xyz:GOOGL	357.51	0.0050	get 0.0006% / 1h	21m 22s	$99.0M	$21.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.078%Rate

Funding earned: $10.5
Price spread: −0.078% → −0.118%: $4.02
Slippage, 4 orders: −$6.51
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$21.99
Costs to cover: 0.365%
Break-even: 21.7 days

Slippage from HTX: live order book, 40 min ago; tradeXYZ: live order book, 7 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, 40 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	0.14 bp	9.3 bp −$9	11.9 bp −$119	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	−0.0064%	1h	357.46	−0.092%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0045%	1h	357.51	−0.077%	$558K	$80K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.37	−0.117%	$23K	$154K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.50	−0.081%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.056%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	−0.036%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.71	−0.021%	$23K	$434K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	−0.011%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.79	long leg	$115K	$223K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.77	−0.006%	$2.7M	$79K	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	+0.0005%	1h	357.58	−0.059%	$144K	$50K	10x	as long as short
Aster GOOGLUSDT	+0.0015%	8h	357.56	−0.063%	$365K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.60	−0.053%	$1.3M	$4.3M	10x	as long as short
Bybit GOOGLUSDT	+0.0028%	8h	357.84	+0.014%	$11.8M	$7.5M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.71	−0.022%	$1.3M	$2.3M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.66	−0.037%	$426K	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.187%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.75	−0.011%	$72.9M	$141.2M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.101%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	−0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	357.51	−0.078%	$99.0M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	357.47	−0.089%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.50	−0.081%	$145	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.098%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.64	−0.043%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0056%	4h	357.66	−0.036%	$209K	$1.2M	10x	as long as short
Bitget GOOGLUSDT	+0.0069%	8h	357.77	−0.006%	$17.1M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.45	−0.094%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.081%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.49	−0.084%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.54	−0.070%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	−0.069%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0106%	8h	357.69	−0.028%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.57	−0.061%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.73	−0.017%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0144%	8h	357.69	−0.028%	$697K	$234K	20x	as long as short