Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.031%

Price spread now: Hotstuff against Aster−0.103%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hotstuff is 0.103% cheaper against Aster than usual: you would sell low and buy high (−$10 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	Aster GOOGLUSDT	357.41	0.0071	pay 0.0071% / 8h	2h 48m	$366K	$426K	20x
Short	Hotstuff GOOGL-PERP	357.04	0.0008	get 0.0001% / 1h	48m 59s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Aster. 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 AsterbpFee HotstuffbpOrdersPrice spread, now −0.103%Rate

Funding earned: −$13.28
Price spread: −0.103% → 0.000%: −$10.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$36.6
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 63 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 Aster live order book, 63 min ago	3.08 bp	25.3 bp −$25	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	357.16	−0.070%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.30	−0.030%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.29	−0.033%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	−0.106%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.39	−0.005%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	−0.002%	$2.7M	$87K	10x	as long as short
Hotstuff GOOGL-PERPshort	+0.0008%	1h	357.04	−0.103%	$33K	—	20x
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	−0.016%	$24K	$447K	10x	as long as short
Variational Omni GOOGL	+0.0014%	8h	357.33	−0.021%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.061%	$521K	$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
Nado GOOGL-PERP	+0.0018%	1h	357.00	−0.114%	$557K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.26	−0.043%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.18	−0.064%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.081%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.11	−0.084%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	−0.044%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.22	−0.053%	$1.3M	$4.3M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0047%	8h	357.21	−0.056%	$13.7M	$12.6M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.05	−0.100%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.07	−0.095%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.05	−0.100%	$145	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.04	−0.103%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.17	−0.068%	$293	$253	5x	as long as short
Aster GOOGLUSDTlong	+0.0071%	8h	357.41	long leg	$366K	$426K	20x
Extended GOOGL-USD	+0.0088%	1h	357.17	−0.066%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.26	−0.042%	$72.2M	$143.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.01	−0.112%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.03	−0.106%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	−0.070%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.14	−0.075%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.14	−0.075%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	357.18	−0.064%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	−0.056%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0211%	8h	357.28	−0.036%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0226%	8h	357.35	−0.016%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0992%	4h	357.35	−0.017%	$208K	$1.2M	10x	as long as short