Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0819%/8h= −89.7% APRpaid last 24h −0.142%

Price spread now: Hotstuff against edgeX−0.053%58s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Hotstuff: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Hotstuff is 0.053% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	edgeX GOOGLUSDC	356.45	0.0803	pay 0.0402% / 4h	1h 23m	$208K	$1.2M	10x
Short	Hotstuff GOOGL-PERP	356.26	−0.0016	pay 0.0002% / 1h	23m 43s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against edgeX. 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 edgeXbpFee HotstuffbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$172.01
Price spread: −0.053% → 0.000%: −$5.33
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$191.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 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 edgeX live order book, 5 min ago	3.37 bp	8.0 bp −$8	11.1 bp −$111	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	356.19	−0.073%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERPshort	−0.0016%	1h	356.26	−0.053%	$33K	—	20x
Gate GOOGL_USDT	0.0000%	8h	356.35	−0.028%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.53	+0.022%	$977	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.67	+0.062%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.028%	$2.7M	$64K	10x	as long as short
Variational Omni GOOGL	+0.0008%	8h	356.52	+0.020%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0012%	8h	356.44	−0.002%	$23K	$484K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.27	−0.051%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.52	+0.020%	$1.4M	$2.5M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.188%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.48	+0.008%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.37	−0.022%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.27	−0.050%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	−0.048%	$185	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.079%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0052%	8h	356.51	+0.017%	$11.5M	$7.7M	100x	as long as short
tradeXYZ xyz:GOOGL	+0.0053%	1h	356.27	−0.050%	$98.1M	$24.9M	20x	as long as short
Aster GOOGLUSDT	+0.0077%	8h	356.73	+0.080%	$362K	$455K	20x	as long as short
Bitget GOOGLUSDT	+0.0086%	8h	356.50	+0.014%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0089%	8h	356.47	+0.006%	$292	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0092%	8h	356.51	+0.017%	$13.8M	$12.8M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.41	−0.011%	$421K	$1.6M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.37	−0.022%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.11	−0.095%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.08	−0.104%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	+0.003%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0102%	8h	356.48	+0.008%	$73.0M	$142.2M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.42	−0.009%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.36	−0.025%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0135%	1h	356.14	−0.086%	$557K	$82K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.27	−0.050%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0216%	8h	356.56	+0.031%	$690K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.51	+0.017%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0536%	1h	356.43	−0.006%	$22K	$151K	10x	as long as short
edgeX GOOGLUSDClong	+0.0803%	4h	356.45	long leg	$208K	$1.2M	10x