Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h −0.035%

Price spread now: Hotstuff against Bybit−0.042%53s7-day average — · you buy dearer than you sell

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

Long on Bybit 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 0.042% cheaper against Bybit than usual: you would sell low and buy high (spread −0.042% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 14 days of funding at the current rate ($0 a day). The two prices were read 53 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	Bybit GOOGLUSDT	357.70	0.0078	pay 0.0078% / 8h	10m 40s	$11.5M	$7.9M	100x
Short	Hotstuff GOOGL-PERP	357.55	0.0088	get 0.0011% / 1h	10m 40s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against Bybit. 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 BybitbpFee HotstuffbpOrdersPrice spread, now −0.042%Rate

Funding earned: $2.12
Price spread: −0.042% → 0.000%: −$4.19
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$18.08
Costs to cover: 0.160%
Break-even: 66.8 days

Slippage unknown: Bybit: live order book, 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 Bybit live order book, 3 min ago	0.28 bp	8.6 bp −$9	11.0 bp −$110	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	−0.0048%	1h	357.09	−0.171%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.58	−0.035%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.68	−0.006%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.025%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.022%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	−0.003%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.71	+0.004%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.008%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.53	−0.048%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.81	+0.031%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.81	+0.031%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.80	+0.029%	$367K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.58	−0.033%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.63	−0.020%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.68	−0.006%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.61	−0.025%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.162%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.66	−0.011%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.062%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.16	−0.151%	$3.0M	$107K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.86	+0.045%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.056%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.067%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.045%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.106%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.66	−0.012%	$293	$253	5x	as long as short
Bybit GOOGLUSDTlong	+0.0078%	8h	357.70	long leg	$11.5M	$7.9M	100x
Hotstuff GOOGL-PERPshort	+0.0088%	1h	357.55	−0.042%	$33K	—	20x
Pacifica GOOGL	+0.0100%	1h	357.46	−0.066%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.60	−0.028%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.59	−0.032%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0107%	8h	357.60	−0.028%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.69	−0.003%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.031%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0365%	4h	357.63	−0.020%	$209K	$1.2M	10x	as long as short