Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.014%

Price spread now: Hotstuff against Variational Omni−0.018%7-day average — · you buy dearer than you sell

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

Long on Variational Omni 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 airdropVariational Omni: Active · Hotstuff: 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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.92	0	get 0.0000% / 8h	1h 16m	$4.8M	$2.4M	—
Short	Hotstuff GOOGL-PERP	356.86	0.0080	get 0.0010% / 1h	16m 20s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Variational Omni. 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 Variational OmnibpFee HotstuffbpOrdersPrice spread, now −0.018%Rate

Funding earned: $16.8
Price spread: −0.018% → 0.000%: −$1.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: $10.05
Costs to cover: 0.050%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, 3 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 Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	8.4 bp −$84	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.090%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.07	+0.041%	$13.6M	$13.1M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.92	−0.001%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.04	+0.033%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	356.92	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.98	+0.015%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.05	+0.036%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.90	−0.006%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.15	+0.064%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.09	+0.047%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0018%	1h	356.90	−0.006%	$549K	$92K	20x	as long as short
Aster GOOGLUSDT	+0.0018%	8h	357.16	+0.067%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.86	−0.017%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.01	+0.025%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.055%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.99	+0.019%	$1.3M	$4.2M	10x	as long as short
Binance GOOGLUSDT	+0.0040%	8h	357.05	+0.036%	$72.0M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	356.95	+0.007%	$423K	$1.2M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.75	−0.048%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.15	+0.064%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.87	−0.015%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.75	−0.048%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.86	−0.018%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.67	−0.071%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.02	+0.026%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERPshort	+0.0080%	1h	356.86	−0.018%	$33K	—	20x
Phoenix GOOGL	+0.0090%	1h	356.88	−0.012%	$137K	$36K	20x	as long as short
KuCoin GOOGLUSDTM	+0.0099%	8h	356.59	−0.093%	$3.0M	$100K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.84	−0.023%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.81	−0.032%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.88	−0.012%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.91	−0.002%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.04	+0.033%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0138%	8h	357.09	+0.047%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0160%	8h	357.04	+0.033%	$687K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0802%	4h	356.93	+0.003%	$208K	$1.2M	10x	as long as short