Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.024%

Price spread now: Gate against Hotstuff+0.020%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 Gate

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	356.25	0.0040	pay 0.0005% / 1h	44m 56s	$33K	—	20x
Short	Gate GOOGL_USDT	356.32	0	get 0.0000% / 8h	1h 44m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.020%Rate

Funding earned: −$8.4
Price spread: +0.020% → 0.000%: $1.96
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.44
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	2.39 bp	14.8 bp −$15	19.8 bp −$198	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	−0.017%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.32	+0.020%	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	356.35	+0.028%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.35	+0.029%	$23K	$491K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	+0.053%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.095%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	+0.053%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.10	−0.042%	$144K	$55K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	356.55	+0.084%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0029%	8h	356.62	+0.103%	$362K	$455K	20x	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	356.52	+0.076%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.244%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERPlong	+0.0040%	1h	356.25	long leg	$33K	—	20x
QFEX GOOGL-USD	+0.0045%	1h	356.36	+0.031%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.40	+0.042%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.003%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	0.000%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.07	−0.051%	$2.3M	$5.0M	15x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.50	+0.070%	$73.1M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.44	+0.053%	$421K	$1.6M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0056%	1h	356.35	+0.028%	$98.0M	$25.2M	20x	as long as short
Bitget GOOGLUSDT	+0.0066%	8h	356.52	+0.076%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0069%	8h	356.51	+0.073%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0069%	4h	356.37	+0.032%	$208K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.37	+0.033%	$292	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.33	+0.022%	$22K	$151K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.11	−0.038%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.053%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.056%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	+0.022%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	+0.020%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.27	+0.006%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0140%	1h	356.17	−0.022%	$558K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.22	−0.008%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.39	+0.039%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0264%	1h	356.49	+0.067%	$2.0M	$1.0M	20x	as long as short