Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0365%/8h= +39.9% APRpaid last 24h +0.192%

Price spread now: edgeX against HTX−0.056%77s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.335% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.121%+$12 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now −0.056%, 7d avg −0.050%

Together, before fees+0.089%+ Points / potential airdropedgeX: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, so right now this pair is about funding alone: +$11 a day on $10k at the current rate. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.83	0	get 0.0000% / 8h	9m 55s	$115K	$209K	30x
Short	edgeX GOOGLUSDC	357.63	0.0365	get 0.0182% / 4h	9m 55s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.056%Rate

Funding earned: $76.57
Price spread: −0.056% → −0.050%: −$0.6
Slippage, 4 orders: −$12.46
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $42.5
Costs to cover: 0.335%
Break-even: 3.1 days

Slippage from HTX: live order book, 26 min ago; edgeX: 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, 26 min ago	2.80 bp	8.8 bp −$9	10.6 bp −$106	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.21 bp	7.9 bp −$8	11.0 bp −$110	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.207%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.52	−0.088%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.68	−0.042%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.60	−0.064%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	−0.011%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	−0.039%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.71	−0.032%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	−0.028%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	−0.089%	$24K	$157K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.83	long leg	$115K	$209K	30x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.77	−0.017%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.77	−0.016%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.61	−0.063%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.61	−0.061%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.69	−0.039%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.62	−0.059%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.198%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.64	−0.053%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.098%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.16	−0.187%	$3.0M	$108K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.82	−0.003%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.49	−0.095%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	−0.101%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.106%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.084%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.143%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.66	−0.048%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0078%	8h	357.67	−0.045%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.103%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	−0.075%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.078%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0107%	8h	357.60	−0.064%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.69	−0.039%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.067%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDCshort	+0.0365%	4h	357.63	−0.056%	$209K	$1.2M	10x