Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.018%

Price spread now: Ondo Perps against Binance−0.129%7-day average −0.101% · you buy dearer than you sell

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

Long on Binance Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 2 days (all we have)+0.027%+$3 · spread now −0.129%, 7d avg −0.101%

Together, before fees+0.029%+ Points / potential airdropOndo Perps: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Ondo Perps is 0.028% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.101%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	356.86	0.0118	pay 0.0118% / 8h	1h 06m	$73.1M	$142.2M	50x
Short	Ondo Perps GOOGL-USD.P	356.40	0.0050	get 0.0006% / 1h	6m 31s	$2.3M	$4.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Binance. 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 BinancebpFee Ondo PerpsbpOrdersPrice spread, now −0.129%Rate

Funding earned: −$14.26
Price spread: −0.129% → −0.101%: −$2.79
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$32.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; Ondo Perps: 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 Binance live order book, 7 min ago	0.14 bp	5.6 bp −$6	7.8 bp −$78	19.3 bp −$1,935	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.38	−0.135%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.72	−0.039%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.81	−0.014%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.55	−0.087%	$23K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.98	+0.034%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.88	+0.006%	$2.7M	$64K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	356.57	−0.081%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	356.34	−0.147%	$144K	$54K	10x	as long as short
edgeX GOOGLUSDC	+0.0014%	4h	356.65	−0.059%	$208K	$1.2M	10x	as long as short
Variational Omni GOOGL	+0.0032%	8h	356.66	−0.057%	$4.6M	$2.5M	—	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.93	+0.020%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.073%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0042%	8h	356.65	−0.059%	$23K	$475K	10x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.77	−0.025%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.78	−0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.62	−0.067%	$98.1M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.62	−0.067%	$684K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.56	−0.084%	$184	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.40	−0.129%	$2.3M	$4.9M	15x
Bybit GOOGLUSDT	+0.0073%	8h	356.91	+0.014%	$11.5M	$7.7M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.84	−0.005%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0096%	8h	356.89	+0.008%	$16.9M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0098%	8h	356.83	−0.008%	$362K	$455K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.79	−0.020%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.38	−0.135%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.45	−0.115%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.66	−0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.66	−0.057%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	356.86	0.000%	$13.9M	$12.9M	50x	as long as short
Binance GOOGLUSDTlong	+0.0118%	8h	356.86	long leg	$73.1M	$142.2M	50x
Extended GOOGL-USD	+0.0120%	1h	356.79	−0.020%	$421K	$1.6M	20x	as long as short
Nado GOOGL-PERP	+0.0129%	1h	356.63	−0.064%	$560K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.64	−0.062%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.65	−0.059%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0237%	8h	356.66	−0.056%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0280%	1h	356.91	+0.014%	$2.0M	$1.0M	20x	as long as short