Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.008%

Price spread now: HTX against Deribit+0.117%7-day average +0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.147%−$15 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.117%, 7d avg +0.083%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.034% dearer against Deribit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.48	0.0002	pay 0.0000% / 1h	7m 33s	$24K	$155K	10x
Short	HTX GOOGL-USDT	357.90	0	get 0.0000% / 8h	4h 07m	$115K	$221K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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 DeribitbpFee HTXbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$0.38
Price spread: +0.117% → +0.083%: $3.45
Slippage, 4 orders: −$10.34
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.28
Costs to cover: 0.293%
Break-even: never at this rate

Slippage from Deribit: live order book, 51 min ago; HTX: live order book, 49 min ago.

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 Deribit live order book, 51 min ago	0.14 bp	3.6 bp −$4	5.4 bp −$54	doesn't fit	doesn't fit
Sell HTX live order book, 49 min ago	1.54 bp	7.5 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit

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	357.54	+0.017%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.042%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.087%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.076%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.90	+0.117%	$115K	$221K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.098%	$2.7M	$86K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0001%	8h	357.72	+0.067%	$23K	$432K	10x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0002%	1h	357.48	long leg	$24K	$155K	10x
Variational Omni GOOGL	+0.0009%	8h	357.68	+0.056%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.63	+0.042%	$144K	$48K	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	357.75	+0.076%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.101%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.011%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.69	+0.059%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.55	+0.020%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.050%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.47	−0.003%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	+0.014%	$143	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.36	−0.034%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.52	+0.011%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0075%	8h	357.88	+0.113%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	357.45	−0.008%	$558K	$80K	20x	as long as short
Binance GOOGLUSDT	+0.0095%	8h	357.77	+0.081%	$73.0M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.66	+0.050%	$423K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.71	+0.063%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.053%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.43	−0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.61	+0.036%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	+0.029%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0108%	8h	357.62	+0.040%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	+0.034%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.73	+0.070%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0214%	8h	357.75	+0.076%	$695K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0222%	8h	357.81	+0.092%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.75	+0.076%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0953%	4h	357.68	+0.056%	$209K	$1.2M	10x	as long as short