Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.016%

Price spread now: Coinbase International against HTX−0.171%7-day average −0.168% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.171%, 7d avg −0.168%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.168%, 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	HTX GOOGL-USDT	356.46	0	get 0.0000% / 8h	7h 24m	$114K	$225K	30x
Short	Coinbase International GOOGL-PERP-INTX	355.85	0.0032	get 0.0004% / 1h	24m 02s	$528K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.171%Rate

Funding earned: $6.72
Price spread: −0.171% → −0.168%: −$0.32
Slippage, 4 orders: −$10.72
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$26.33
Costs to cover: 0.327%
Break-even: 34.4 days

Slippage from HTX: live order book, 47 min ago; Coinbase International: live order book, 4 min ago.

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 HTX live order book, 47 min ago	2.66 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	1.83 bp	6.8 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit

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-PERP	−0.0032%	1h	356.22	−0.067%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.36	−0.028%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.52	+0.017%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.40	−0.017%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.12	−0.095%	$23K	$153K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	356.46	long leg	$114K	$225K	30x
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.053%	$2.7M	$66K	10x	as long as short
edgeX GOOGLUSDC	+0.0006%	4h	356.49	+0.009%	$209K	$1.2M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.21	−0.069%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.37	−0.025%	$1.4M	$2.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTXshort	+0.0032%	1h	355.85	−0.171%	$528K	$1.1M	10x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.185%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.30	−0.045%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERP	+0.0045%	1h	356.19	−0.076%	$556K	$80K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	−0.003%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0049%	8h	356.48	+0.005%	$4.8M	$2.3M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.18	−0.079%	$98.2M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.21	−0.070%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.20	−0.073%	$177	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.087%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.35	−0.031%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0076%	8h	356.35	−0.031%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0078%	8h	356.42	−0.011%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0093%	8h	356.56	+0.029%	$364K	$458K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.17	−0.081%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.01	−0.126%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.30	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.25	−0.059%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.27	−0.052%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0105%	8h	356.39	−0.020%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.25	−0.058%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0114%	8h	356.36	−0.028%	$72.8M	$142.1M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.053%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0191%	8h	356.42	−0.011%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0234%	8h	356.54	+0.022%	$689K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.29	−0.048%	$202K	$271K	10x	as long as short