Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0057%/8hnext payment +$0.07 per $10,000 · paid last 24h +0.030%

Price spread now: Injective against Hotstuff+0.315%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 Injective

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.315% dearer against Hotstuff than usual: you sell high and buy low: +$31 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	356.00	−0.0024	get 0.0003% / 1h	4m 48s	$33K	—	20x
Short	Injective GOOGL/USDC PERP	357.12	0.0033	get 0.0004% / 1h	4m 48s	$128K	$45K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.315%Rate

Funding earned: $12.04
Price spread: +0.315% → 0.000%: $31.46
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $38.48
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Injective: live order book, 28 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 Injective live order book, 28 min ago	9.41 bp	10.5 bp −$11	10.5 bp −$105	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
Hotstuff GOOGL-PERPlong	−0.0024%	1h	356.00	long leg	$33K	—	20x
Aster GOOGLUSDT	0.0000%	8h	356.04	+0.013%	$362K	$486K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	355.84	−0.045%	$11.3M	$7.2M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	355.69	−0.087%	$3.6M	$7.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.05	+0.015%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.14	+0.039%	$23K	$527K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.11	+0.031%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.12	+0.034%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.18	+0.051%	$2.7M	$62K	10x	as long as short
edgeX GOOGLUSDC	+0.0006%	4h	356.21	+0.059%	$208K	$1.2M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0007%	8h	355.83	−0.048%	$13.8M	$12.6M	50x	as long as short
Binance GOOGLUSDT	+0.0015%	8h	355.79	−0.059%	$72.7M	$138.2M	50x	as long as short
Extended GOOGL-USD	+0.0016%	1h	355.98	−0.006%	$418K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	355.17	−0.233%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERPshort	+0.0033%	1h	357.12	+0.315%	$128K	$45K	30x
QFEX GOOGL-USD	+0.0035%	1h	356.13	+0.037%	$1.3M	$4.6M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.00	0.000%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.46	−0.152%	$98.0M	$25.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	355.81	−0.053%	$690K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.79	−0.059%	$219	$45K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.83	−0.048%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	356.08	+0.022%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	355.82	−0.051%	$555K	$79K	20x	as long as short
BloFin GOOGL-USDT	+0.0059%	8h	355.96	−0.011%	$697K	$225K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.77	−0.065%	$513K	$1.0M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	355.84	−0.045%	$23K	$149K	10x	as long as short
Bitget GOOGLUSDT	+0.0088%	8h	355.77	−0.065%	$17.1M	$8.8M	100x	as long as short
Phoenix GOOGL	+0.0090%	1h	355.86	−0.039%	$137K	$48K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0094%	1h	355.97	−0.007%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.90	−0.028%	$43K	$44K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.69	−0.087%	$3.0M	$69K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.91	−0.025%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	355.79	−0.059%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	355.93	−0.018%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	355.19	−0.228%	$2.0M	$1.2M	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	355.90	−0.028%	$201K	$302K	10x	as long as short