Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.017%

Price spread now: tradeXYZ against HTX−0.036%49s7-day average −0.119% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$370.366% of the position

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now −0.036%, 7d avg −0.119%

Together, before fees−0.012%+ Points / potential airdroptradeXYZ: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.082% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.119%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.18	0	get 0.0000% / 8h	6h 14m	$115K	$228K	30x
Short	tradeXYZ xyz:GOOGL	357.05	0.0050	get 0.0006% / 1h	14m 30s	$98.9M	$22.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.036%Rate

Funding earned: $10.5
Price spread: −0.036% → −0.119%: $8.24
Slippage, 4 orders: −$6.56
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.82
Costs to cover: 0.366%
Break-even: 18.9 days

Slippage from HTX: live order book, 52 min ago; tradeXYZ: live order book, 5 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, 52 min ago	2.81 bp	8.8 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	0.14 bp	9.5 bp −$10	doesn't fit	doesn't fit	doesn't fit

GOOGL on 35 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	−0.0024%	1h	356.92	−0.073%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0022%	1h	357.04	−0.040%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.14	−0.011%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.15	−0.009%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	−0.036%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.25	+0.020%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	−0.042%	$23K	$154K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.18	long leg	$115K	$228K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.21	+0.008%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.88	−0.083%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0011%	8h	357.23	+0.014%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.23	+0.014%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.017%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.13	−0.014%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.96	−0.062%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.034%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.08	−0.028%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	357.05	−0.036%	$98.9M	$22.6M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.076%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.12	−0.017%	$150	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.090%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0054%	8h	357.13	−0.015%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.17	−0.004%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.14	−0.012%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0074%	8h	357.21	+0.009%	$72.8M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0080%	1h	357.22	+0.011%	$2.1M	$1.2M	20x	as long as short
Bybit GOOGLUSDT	+0.0089%	8h	357.26	+0.022%	$11.6M	$7.5M	100x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	−0.011%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.061%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.74	−0.123%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	−0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.10	−0.022%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.04	−0.040%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0165%	8h	357.18	0.000%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0399%	4h	357.01	−0.046%	$208K	$1.2M	10x	as long as short