Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.016%

Price spread now: Aster against Hotstuff+0.056%52s7-day average — · you sell dearer than you buy

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

Long on Hotstuff Short on Aster

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 airdropHotstuff: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.056% dearer against Hotstuff than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	Hotstuff GOOGL-PERP	356.26	−0.0016	get 0.0002% / 1h	47m 43s	$33K	—	20x
Short	Aster GOOGLUSDT	356.46	0.0027	get 0.0027% / 8h	1h 47m	$362K	$455K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hotstuff. 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 HotstuffbpFee AsterbpOrdersPrice spread, now +0.056%Rate

Funding earned: $8.98
Price spread: +0.056% → 0.000%: $5.64
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: $1.61
Costs to cover: 0.130%
Break-even: 5.7 days

Slippage unknown: Hotstuff: no order-book sample; Aster: live order book, 35 min ago. 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Aster live order book, 35 min ago	2.11 bp	8.0 bp −$8	10.8 bp −$108	doesn't fit	doesn't fit

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	−0.020%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERPlong	−0.0016%	1h	356.26	long leg	$33K	—	20x
Gate GOOGL_USDT	0.0000%	8h	356.24	−0.006%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.19	−0.018%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.26	0.000%	$23K	$504K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	+0.051%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.54	+0.079%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.38	+0.034%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.07	−0.055%	$144K	$55K	10x	as long as short
Bybit GOOGLUSDT	+0.0025%	8h	356.43	+0.048%	$11.5M	$7.8M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDTshort	+0.0027%	8h	356.46	+0.056%	$362K	$455K	20x
Lighter RH GOOGL	+0.0032%	1h	356.40	+0.039%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.241%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.36	+0.028%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.36	+0.028%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.33	+0.020%	$421K	$1.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.022%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.20	−0.017%	$187	$46K	10x	as long as short
Binance GOOGLUSDT	+0.0050%	8h	356.39	+0.036%	$73.0M	$142.2M	50x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.04	−0.062%	$2.3M	$5.0M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0058%	1h	356.16	−0.028%	$98.0M	$25.2M	20x	as long as short
Bitget GOOGLUSDT	+0.0065%	8h	356.43	+0.048%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0066%	8h	356.39	+0.036%	$13.8M	$12.8M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.32	+0.016%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.02	−0.068%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.94	−0.090%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.97	−0.081%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.24	−0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.24	−0.007%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.14	−0.034%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0137%	1h	356.10	−0.044%	$558K	$81K	20x	as long as short
BloFin GOOGL-USDT	+0.0167%	8h	356.16	−0.028%	$689K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.15	−0.031%	$202K	$271K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.23	−0.008%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0256%	1h	356.39	+0.036%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.1000%	4h	356.20	−0.018%	$208K	$1.2M	10x	as long as short