Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.181%

Price spread now: edgeX against Hotstuff+0.105%58s7-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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.105% dearer against Hotstuff than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). 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	Hotstuff GOOGL-PERP	356.36	0.0048	pay 0.0006% / 1h	48m 13s	$33K	—	20x
Short	edgeX GOOGLUSDC	356.74	0.0476	get 0.0238% / 4h	3h 48m	$210K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.105%Rate

Funding earned: $89.92
Price spread: +0.105% → 0.000%: $10.54
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $86.45
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Hotstuff: no order-book sample; edgeX: live order book, 1 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 edgeX live order book, 1 min ago	3.37 bp	8.0 bp −$8	11.1 bp −$111	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
Gate GOOGL_USDT	0.0000%	8h	356.49	+0.036%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	+0.070%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.34	−0.006%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	+0.095%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.64	+0.079%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	+0.006%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.62	+0.073%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	−0.006%	$529K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.213%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.60	+0.067%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERPlong	+0.0048%	1h	356.36	long leg	$33K	—	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.36	0.000%	$98.2M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.38	+0.006%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.34	−0.006%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.056%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.49	+0.036%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	+0.076%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0087%	1h	356.39	+0.009%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0095%	8h	356.54	+0.049%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	+0.037%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.14	−0.062%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	+0.073%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.37	+0.003%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.47	+0.030%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	356.56	+0.056%	$2.1M	$1.1M	20x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.73	+0.104%	$365K	$457K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0121%	8h	356.81	+0.126%	$23K	$472K	10x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.60	+0.067%	$73.2M	$142.4M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.53	+0.046%	$425K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0143%	8h	356.53	+0.048%	$16.9M	$9.2M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.56	+0.056%	$137K	$48K	20x	as long as short
Bybit GOOGLUSDT	+0.0197%	8h	356.67	+0.087%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0200%	8h	356.57	+0.059%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.66	+0.084%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.43	+0.020%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0476%	4h	356.74	+0.105%	$210K	$1.2M	10x