Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: HTX against Polymarket Perps+0.095%46s7-day average +0.106% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as 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−$300.300% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now +0.095%, 7d avg +0.106%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.106%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 46 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	Polymarket Perps GOOG-USD	357.14	0.0050	pay 0.0006% / 1h	8m 28s	$685K	$430K	10x
Short	HTX GOOGL-USDT	357.48	0	get 0.0000% / 8h	2h 08m	$115K	$213K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket Perps. 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.095%Rate

Funding earned: −$10.5
Price spread: +0.095% → +0.106%: −$1.04
Slippage, 4 orders: −$9.97
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$41.51
Costs to cover: 0.300%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 39 min ago; HTX: live order book, 38 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 Polymarket Perps live order book, 39 min ago	2.10 bp	6.3 bp −$6	7.7 bp −$77	9.0 bp −$900	doesn't fit
Sell HTX live order book, 38 min ago	2.80 bp	8.8 bp −$9	15.9 bp −$159	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
Nado GOOGL-PERP	−0.0022%	1h	357.17	+0.009%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	+0.073%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.27	+0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.42	+0.078%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.087%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.094%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.45	+0.087%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.19	+0.014%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.48	+0.095%	$115K	$213K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.54	+0.112%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0016%	1h	357.09	−0.014%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.073%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.039%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.33	+0.053%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.006%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	+0.006%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.45	+0.087%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.50	+0.102%	$366K	$426K	20x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.028%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.15	+0.003%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	357.14	long leg	$685K	$430K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.21	+0.020%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.014%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.30	+0.045%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.27	+0.035%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.37	+0.064%	$72.1M	$143.7M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.14	−0.001%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.86	−0.078%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.22	+0.022%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.30	+0.044%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.34	+0.056%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.042%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0187%	8h	357.40	+0.073%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.44	+0.084%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.088%	$208K	$1.2M	10x	as long as short