Settings8H · net · $10k
Funding arb · Price arb /

GOOGL

RWAall GOOGL markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0085%/8h= −9.3% APRnext payment $0.11 per $10,000 · paid last 24h −0.014%
Price spread now: Hotstuff against Phoenix−0.039%53s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Hotstuff is 0.039% cheaper against Phoenix than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix GOOGL356.590.0157pay 0.0020% / 1h39m 42s$137K$48K20x
ShortHotstuff GOOGL-PERP356.450.0072get 0.0009% / 1h39m 42s$33K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hotstuff against Phoenix. 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

Funding earned
−$17.86
Price spread: −0.039% → 0.000%
−$3.93
Slippage, 4 orders
no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Net
−$33.79
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Phoenix: live order book, 31 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 31 min ago3.09 bp9.1 bp −$919.2 bp −$192doesn't fitdoesn'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 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate GOOGL_USDT0.0000%8h356.53−0.017%$3.6M$7.5M100xas long as short
SunX GOOGL-USDT0.0000%8h356.70+0.031%$2K$4.2M20xas long as short
HTX GOOGL-USDT0.0000%8h356.78+0.053%$114K$224K30xas long as short
Phemex GOOGLUSDT0.0000%4h356.80+0.059%$2.7M$66K10xas long as short
Coinbase International GOOGL-PERP-INTX+0.0008%1h356.40−0.053%$530K$1.1M10xas long as short
Aftermath Perps GOOGLUSD+0.0015%1h356.38−0.058%$144K$54K10xas long as short
Lighter RH GOOGL+0.0032%1h356.65+0.017%$1.4M$2.5M20xas long as short
Injective GOOGL/USDC PERP+0.0033%1h357.12+0.149%$128K$45K30xas long as short
Vest GOOGL-USD-PERP+0.0046%1h356.58−0.003%$5K25xas long as short
GRVT GOOGL_USDT_Perp+0.0048%8h356.72+0.036%$23K$474K10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps GOOG-USD+0.0050%1h356.43−0.045%$683K$437K10xas long as short
SoDEX GOOGL-USD+0.0050%1h356.43−0.045%$195$46K10xas long as short
Ondo Perps GOOGL-USD.P+0.0050%1h356.36−0.064%$2.3M$4.9M15xas long as short
Variational Omni GOOGL+0.0054%8h356.55−0.011%$4.7M$2.6Mas long as short
QFEX GOOGL-USD+0.0060%1h356.63+0.011%$1.3M$4.9M10xas long as short
tradeXYZ xyz:GOOGL+0.0072%1h356.41−0.050%$98.9M$25.1M20xas long as short
Hotstuff GOOGL-PERPshort+0.0072%1h356.45−0.039%$33K20x
Paradex GOOGL-USD-PERP+0.0086%8h356.55−0.013%$292$2535xas long as short
Deribit GOOGL_USDC-PERPETUAL+0.0087%1h356.43−0.045%$22K$152K10xas long as short
Bybit GOOGLUSDT+0.0096%8h356.64+0.014%$11.5M$7.7M100xas long as short
Pacifica GOOGL+0.0100%1h356.34−0.071%$42K$45K10xas long as short
KuCoin GOOGLUSDTM+0.0100%8h356.31−0.079%$3.0M$66K20xas long as short
ApeX Omni GOOGLUSDT+0.0100%1h356.50−0.025%$21K$9K50xas long as short
Orderly PERP_GOOGL_USDC+0.0100%8h356.53−0.017%$10K$10K20xas long as short
Nado GOOGL-PERP+0.0103%1h356.37−0.062%$559K$82K20xas long as short
Aevo GOOGL-PERP+0.0104%1h356.57−0.004%$25K10xas long as short
Aster GOOGLUSDT+0.0106%8h356.75+0.046%$362K$455K20xas long as short
Bitget GOOGLUSDT+0.0114%8h356.69+0.028%$16.9M$9.3M100xas long as short
Binance GOOGLUSDT+0.0128%8h356.69+0.027%$73.0M$142.8M50xas long as short
Extended GOOGL-USD+0.0128%1h356.63+0.011%$421K$1.6M20xas long as short
OKX GOOGL-USDT-SWAP+0.0144%8h356.75+0.045%$13.9M$12.9M50xas long as short
Phoenix GOOGLlong+0.0157%1h356.59long leg$137K$48K20x
BloFin GOOGL-USDT+0.0248%8h356.590.000%$689K$236K20xas long as short
Arcus GOOGL-USD+0.0250%1h356.45−0.039%$202K$271K10xas long as short
Lighter GOOGL+0.0296%1h356.66+0.020%$2.1M$1.1M20xas long as short
edgeX GOOGLUSDC+0.0480%4h356.73+0.040%$208K$1.2M10xas long as short