Settings8H · net · $10k
Funding arb · Price arb /

GOOGL

RWAall GOOGL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0151%/8h= +16.5% APRnext payment +$0.19 per $10,000 · paid last 24h +0.012%
Price spread now: Phoenix against Hotstuff+0.028%53s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$5 a day on $10k at the current rate, and Phoenix is 0.028% dearer against Hotstuff than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff GOOGL-PERP356.26−0.0016get 0.0002% / 1h23m 36s$33K20x
ShortPhoenix GOOGL356.360.0135get 0.0017% / 1h23m 36s$137K$48K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$31.66
Price spread: +0.028% → 0.000%
$2.81
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
$22.47
Costs to cover
0.120%
Break-even
2.0 days
Slippage unknown: Hotstuff: no order-book sample; Phoenix: live order book, 52 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Phoenix live order book, 52 min ago2.81 bp8.7 bp −$918.2 bp −$182doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Coinbase International GOOGL-PERP-INTX−0.0024%1h356.19−0.020%$530K$1.1M10xas long as short
Hotstuff GOOGL-PERPlong−0.0016%1h356.26long leg$33K20x
Gate GOOGL_USDT0.0000%8h356.35+0.025%$3.6M$7.5M100xas long as short
SunX GOOGL-USDT0.0000%8h356.53+0.076%$977$4.2M20xas long as short
HTX GOOGL-USDT0.0000%8h356.67+0.115%$115K$224K30xas long as short
Phemex GOOGLUSDT0.0000%4h356.55+0.081%$2.7M$64K10xas long as short
Variational Omni GOOGL+0.0008%8h356.52+0.073%$4.6M$2.5Mas long as short
GRVT GOOGL_USDT_Perp+0.0012%8h356.44+0.051%$23K$484K10xas long as short
Aftermath Perps GOOGLUSD+0.0015%1h356.27+0.003%$144K$54K10xas long as short
Lighter RH GOOGL+0.0032%1h356.52+0.073%$1.4M$2.5M20xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GOOGL/USDC PERP+0.0033%1h357.12+0.241%$128K$45K30xas long as short
QFEX GOOGL-USD+0.0045%1h356.48+0.062%$1.3M$4.8M10xas long as short
Vest GOOGL-USD-PERP+0.0046%1h356.37+0.031%$5K25xas long as short
Polymarket Perps GOOG-USD+0.0050%1h356.27+0.003%$683K$437K10xas long as short
SoDEX GOOGL-USD+0.0050%1h356.28+0.006%$185$46K10xas long as short
Ondo Perps GOOGL-USD.P+0.0050%1h356.17−0.025%$2.3M$4.9M15xas long as short
Bybit GOOGLUSDT+0.0052%8h356.51+0.070%$11.5M$7.7M100xas long as short
tradeXYZ xyz:GOOGL+0.0053%1h356.27+0.003%$98.1M$24.9M20xas long as short
Aster GOOGLUSDT+0.0077%8h356.73+0.133%$362K$455K20xas long as short
Bitget GOOGLUSDT+0.0086%8h356.50+0.067%$16.9M$9.2M100xas long as short
Paradex GOOGL-USD-PERP+0.0089%8h356.47+0.059%$292$2535xas long as short
OKX GOOGL-USDT-SWAP+0.0092%8h356.51+0.070%$13.8M$12.8M50xas long as short
Extended GOOGL-USD+0.0096%1h356.41+0.042%$421K$1.6M20xas long as short
Pacifica GOOGL+0.0100%1h356.37+0.031%$42K$45K10xas long as short
KuCoin GOOGLUSDTM+0.0100%8h356.11−0.042%$3.0M$67K20xas long as short
ApeX Omni GOOGLUSDT+0.0100%1h356.08−0.051%$21K$9K50xas long as short
Orderly PERP_GOOGL_USDC+0.0100%8h356.46+0.056%$10K$10K20xas long as short
Binance GOOGLUSDT+0.0102%8h356.48+0.062%$73.0M$142.2M50xas long as short
Aevo GOOGL-PERP+0.0104%1h356.42+0.045%$25K10xas long as short
Phoenix GOOGLshort+0.0135%1h356.36+0.028%$137K$48K20x
Nado GOOGL-PERP+0.0135%1h356.14−0.033%$557K$82K20xas long as short
Arcus GOOGL-USD+0.0169%1h356.27+0.003%$202K$271K10xas long as short
BloFin GOOGL-USDT+0.0216%8h356.56+0.084%$690K$235K20xas long as short
Lighter GOOGL+0.0272%1h356.51+0.070%$2.0M$1.0M20xas long as short
Deribit GOOGL_USDC-PERPETUAL+0.0536%1h356.43+0.048%$22K$151K10xas long as short
edgeX GOOGLUSDC+0.0803%4h356.45+0.053%$208K$1.2M10xas long as short