Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h +0.031%

Price spread now: Binance against Hotstuff+0.056%7-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 Binance

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

The price spread pays, funding is against you. Binance is 0.056% dearer against Hotstuff than usual: you sell high and buy low (spread +0.056% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	357.53	0.0064	pay 0.0008% / 1h	27m 51s	$33K	—	20x
Short	Binance GOOGLUSDT	357.73	0.0040	get 0.0040% / 8h	5h 27m	$72.9M	$141.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: −$5.09
Price spread: +0.056% → 0.000%: $5.59
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.49
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Binance: live order book, 15 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 Binance live order book, 15 min ago	0.14 bp	5.1 bp −$5	6.8 bp −$68	21.8 bp −$2,178	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	−0.0064%	1h	357.46	−0.020%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0054%	1h	357.55	+0.006%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0002%	1h	357.45	−0.022%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	+0.022%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	+0.051%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.75	+0.062%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.056%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.80	+0.076%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.062%	$2.7M	$77K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0003%	1h	357.58	+0.014%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0014%	8h	357.84	+0.087%	$11.8M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0019%	8h	357.62	+0.024%	$366K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.036%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.062%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.115%	$128K	$45K	30x	as long as short
Binance GOOGLUSDTshort	+0.0040%	8h	357.73	+0.056%	$72.9M	$141.2M	50x
Extended GOOGL-USD	+0.0040%	1h	357.64	+0.030%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.49	−0.011%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.85	+0.090%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.53	0.000%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.022%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.003%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	−0.011%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.69	+0.045%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERPlong	+0.0064%	1h	357.53	long leg	$33K	—	20x
Bitget GOOGLUSDT	+0.0076%	8h	357.79	+0.073%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	−0.012%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.008%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.58	+0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	+0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	+0.013%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0111%	8h	357.77	+0.067%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.050%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.79	+0.073%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0160%	8h	357.69	+0.045%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0514%	4h	357.77	+0.066%	$209K	$1.2M	10x	as long as short