Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0091%/8h= −9.9% APRpaid last 24h −0.002%

Price spread now: Hotstuff against Paradex−0.038%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Hotstuff

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 airdropParadex: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.038% cheaper against Paradex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	356.22	0.0075	pay 0.0075% / 8h	7h 21m	$292	$253	5x
Short	Hotstuff GOOGL-PERP	356.08	−0.0016	pay 0.0002% / 1h	21m 34s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Paradex. 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 ParadexbpFee HotstuffbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$19.04
Price spread: −0.038% → 0.000%: −$3.84
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$31.88
Costs to cover: 0.090%
Break-even: never at this rate

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

Paradex and 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
Hotstuff GOOGL-PERPshort	−0.0016%	1h	356.08	−0.038%	$33K	—	20x
Gate GOOGL_USDT	0.0000%	8h	356.21	−0.002%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.53	+0.088%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.28	+0.018%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.06	−0.044%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.35	+0.037%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.45	+0.065%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.13	−0.023%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.31	+0.026%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.103%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.254%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.24	+0.007%	$2.1M	$1.1M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.28	+0.018%	—	$5K	25x	as long as short
Nado GOOGL-PERP	+0.0047%	1h	356.09	−0.036%	$555K	$80K	20x	as long as short
Variational Omni GOOGL	+0.0049%	8h	356.48	+0.073%	$4.8M	$2.3M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.08	−0.038%	$98.2M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.07	−0.041%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.10	−0.033%	$177	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.90	−0.089%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.19	−0.008%	$1.3M	$4.7M	10x	as long as short
Bitget GOOGLUSDT	+0.0069%	8h	356.42	+0.057%	$17.0M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0075%	8h	356.22	long leg	$292	$253	5x
Aster GOOGLUSDT	+0.0089%	8h	356.41	+0.054%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0094%	8h	356.36	+0.040%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.04	−0.050%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.086%	$3.0M	$64K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.09	−0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	−0.024%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.15	−0.019%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0110%	8h	356.30	+0.023%	$72.8M	$142.0M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.22	0.000%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.09	−0.036%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0190%	8h	356.37	+0.043%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0233%	8h	356.31	+0.026%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.14	−0.022%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0908%	4h	356.25	+0.011%	$209K	$1.2M	10x	as long as short