Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h +0.016%

Price spread now: Variational Omni against Hotstuff+0.051%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.051% dearer against Hotstuff than usual: you sell high and buy low, +$5 on $10k if it 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	357.12	0.0008	pay 0.0001% / 1h	5m 18s	$33K	—	20x
Short	Variational Omni GOOGL	357.30	0	get 0.0000% / 8h	2h 05m	$4.7M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.051%Rate

Funding earned: −$1.68
Price spread: +0.051% → 0.000%: $5.11
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$1.57
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Hotstuff: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 4 min ago	2.62 bp	doesn't fit	9.3 bp −$93	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
Nado GOOGL-PERP	−0.0023%	1h	357.15	+0.008%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.37	+0.070%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.24	+0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.40	+0.078%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.30	+0.051%	$4.7M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.38	+0.073%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.38	+0.073%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.10	−0.006%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.41	+0.081%	$115K	$214K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.48	+0.101%	$2.7M	$87K	10x	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	+0.0008%	1h	357.12	long leg	$33K	—	20x
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.067%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.045%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.32	+0.056%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	0.000%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	0.000%	$207K	$278K	10x	as long as short
Aster GOOGLUSDT	+0.0045%	8h	357.47	+0.099%	$366K	$426K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	+0.078%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.034%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.12	0.000%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	+0.003%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.13	+0.003%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.025%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.27	+0.041%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.25	+0.037%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.35	+0.064%	$72.1M	$143.6M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.09	−0.007%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	−0.067%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	+0.008%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	+0.028%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.32	+0.056%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	+0.025%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0185%	8h	357.36	+0.067%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0196%	8h	357.40	+0.078%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0663%	4h	357.31	+0.054%	$208K	$1.2M	10x	as long as short