Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.008%

Price spread now: Hotstuff against KuCoin+0.076%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Hotstuff

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 · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.076% dearer against KuCoin than usual: you sell high and buy low (spread +0.076% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	357.15	0.0100	pay 0.0100% / 8h	5h 51m	$3.0M	$65K	20x
Short	Hotstuff GOOGL-PERP	357.42	0.0016	get 0.0002% / 1h	51m 03s	$33K	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff against KuCoin. 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 KuCoinbpFee HotstuffbpOrdersPrice spread, now +0.076%Rate

Funding earned: −$17.64
Price spread: +0.076% → 0.000%: $7.56
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$27.08
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Hotstuff: no order-book sample. 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 KuCoin live order book, 6 min ago	5.88 bp	65.6 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Hotstuff no order-book sample	—	—	—	—	—

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 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
Nado GOOGL-PERP	−0.0067%	1h	357.54	+0.111%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	+0.039%	$523K	$1.1M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.36	+0.059%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.57	+0.118%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.130%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.60	+0.126%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.68	+0.148%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.76	+0.171%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.71	+0.157%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.38	+0.063%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERPshort	+0.0016%	1h	357.42	+0.076%	$33K	—	20x
Bybit GOOGLUSDT	+0.0025%	8h	357.71	+0.157%	$11.7M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.55	+0.112%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.67	+0.146%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0039%	8h	357.56	+0.114%	$365K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.37	+0.062%	$202K	$272K	10x	as long as short
Bitget GOOGLUSDT	+0.0045%	8h	357.68	+0.148%	$17.0M	$9.3M	100x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.77	+0.174%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	+0.090%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.39	+0.067%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	+0.101%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.24	+0.025%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.66	+0.143%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.58	+0.119%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0058%	8h	357.66	+0.144%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.69	+0.151%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.40	+0.071%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	357.15	long leg	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	+0.087%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.50	+0.098%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.51	+0.101%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	+0.090%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0138%	8h	357.67	+0.146%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	+0.110%	$209K	$1.2M	10x	as long as short