Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0160%/8h= −17.5% APRpaid last 24h +0.009%

Price spread now: OKX against Hotstuff+0.064%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 OKX

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. OKX is 0.064% dearer against Hotstuff than usual: you sell high and buy low (spread +0.064% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff GOOGL-PERP	358.23	0.0160	pay 0.0020% / 1h	54m 00s	$33K	—	20x
Short	OKX GOOGL-USDT-SWAP	358.46	0	get 0.0000% / 8h	6h 54m	$13.5M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$33.6
Price spread: +0.064% → 0.000%: $6.42
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.18
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hotstuff: no order-book sample; OKX: live order book, 4 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 OKX live order book, 4 min ago	0.14 bp	7.9 bp −$8	14.1 bp −$141	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	−0.0056%	1h	358.32	+0.025%	$514K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	358.46	+0.064%	$13.5M	$13.5M	50x
Gate GOOGL_USDT	0.0000%	8h	358.32	+0.025%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.39	+0.045%	$17.4M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.62	+0.107%	$5.0M	$2.5M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.44	+0.059%	$1K	$3.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.14	−0.025%	$24K	$150K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.54	+0.087%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.61	+0.106%	$2.7M	$99K	10x	as long as short
Aster GOOGLUSDT	+0.0009%	8h	358.28	+0.013%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0017%	8h	358.38	+0.042%	$11.5M	$7.4M	100x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.33	+0.027%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0027%	8h	358.43	+0.056%	$72.7M	$142.2M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.40	+0.047%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.33	+0.028%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.310%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.59	+0.101%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.49	+0.073%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.34	+0.031%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.24	+0.003%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.24	+0.003%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.27	+0.011%	$123	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.20	−0.008%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0055%	1h	358.17	−0.016%	$551K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	358.34	+0.029%	$294	$253	5x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.19	−0.011%	$211K	$283K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0088%	8h	358.15	−0.022%	$3.0M	$186K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.43	+0.056%	$138K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.37	+0.040%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.37	+0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.26	+0.008%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.25	+0.005%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0110%	8h	358.41	+0.050%	$685K	$237K	20x	as long as short
Hotstuff GOOGL-PERPlong	+0.0160%	1h	358.23	long leg	$33K	—	20x
edgeX GOOGLUSDC	+0.0180%	4h	358.50	+0.075%	$209K	$1.2M	10x	as long as short
Lighter GOOGL	+0.0192%	1h	358.39	+0.045%	$2.0M	$1.8M	20x	as long as short