Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.020%

Price spread now: Hotstuff against SunX−0.073%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Hotstuff

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

Funding pays, the price is against you. Hotstuff is 0.073% cheaper against SunX than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 4.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	358.05	0	get 0.0000% / 8h	3h 15m	$2K	$4.1M	20x
Short	Hotstuff GOOGL-PERP	357.79	0.0056	get 0.0007% / 1h	15m 55s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against SunX. 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 SunXbpFee HotstuffbpOrdersPrice spread, now −0.073%Rate

Funding earned: $11.76
Price spread: −0.073% → 0.000%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$8.5
Costs to cover: 0.130%
Break-even: 12.1 days

Slippage unknown: SunX: live order book, 12 min ago; 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 SunX live order book, 12 min ago	44.85 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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
Gate GOOGL_USDT	0.0000%	8h	357.89	−0.045%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.08	+0.008%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	358.05	long leg	$2K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.78	−0.075%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.98	−0.020%	$115K	$217K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.11	+0.017%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.106%	$522K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0017%	1h	357.78	−0.075%	$558K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.78	−0.077%	$145K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.98	−0.020%	$24K	$443K	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	358.04	−0.003%	$1.3M	$2.1M	20x	as long as short
Variational Omni GOOGL	+0.0033%	8h	357.99	−0.016%	$4.8M	$2.4M	—	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.260%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.73	−0.089%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.01	−0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.81	−0.067%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.81	−0.067%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.79	−0.073%	$148	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.63	−0.117%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERPshort	+0.0056%	1h	357.79	−0.073%	$33K	—	20x
QFEX GOOGL-USD	+0.0064%	1h	357.95	−0.028%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	357.97	−0.024%	$294	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0084%	8h	357.98	−0.020%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0089%	8h	357.82	−0.065%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.98	−0.020%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.60	−0.126%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.71	−0.095%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.77	−0.078%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.92	−0.036%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	358.05	0.000%	$72.5M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.95	−0.028%	$419K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.75	−0.084%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	358.04	−0.003%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	358.01	−0.011%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	358.10	+0.014%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0716%	4h	357.99	−0.017%	$209K	$1.2M	10x	as long as short