Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.054%

Price spread now: Ondo Perps against BloFin−0.090%7-day average −0.105% · you buy dearer than you sell

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

Long on BloFin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.240%−$24 on $10k

Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.090%, 7d avg −0.105%

Together, before fees−0.312%+ Points / potential airdropOndo Perps: Active · farm board−$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	356.39	0.0174	pay 0.0174% / 8h	1h 44m	$689K	$235K	20x
Short	Ondo Perps GOOGL-USD.P	356.07	0.0050	get 0.0006% / 1h	44m 45s	$2.3M	$5.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BloFin. 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 BloFinbpFee Ondo PerpsbpOrdersPrice spread, now −0.090%Rate

Funding earned: −$25.99
Price spread: −0.090% → −0.105%: $1.54
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$41.45
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 37 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 BloFin live order book, 37 min ago	0.14 bp	6.4 bp −$6	7.9 bp −$79	18.6 bp −$1,859	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	356.19	−0.056%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.38	−0.003%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.35	−0.011%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.35	−0.010%	$23K	$491K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	+0.014%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.056%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	+0.014%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.10	−0.082%	$144K	$55K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	356.55	+0.045%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0029%	8h	356.63	+0.067%	$362K	$455K	20x	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	356.52	+0.036%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.205%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.25	−0.039%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.36	−0.008%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.40	+0.003%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.042%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.039%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.07	−0.090%	$2.3M	$5.0M	15x
Binance GOOGLUSDT	+0.0054%	8h	356.53	+0.040%	$73.1M	$142.1M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0055%	1h	356.36	−0.008%	$98.1M	$25.2M	20x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.44	+0.013%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0066%	8h	356.55	+0.045%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0069%	8h	356.51	+0.034%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0069%	4h	356.37	−0.007%	$208K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.37	−0.006%	$292	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.33	−0.017%	$22K	$151K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.11	−0.077%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.081%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.095%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	−0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	−0.020%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.27	−0.034%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0140%	1h	356.17	−0.062%	$558K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.22	−0.048%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDTlong	+0.0174%	8h	356.39	long leg	$689K	$235K	20x
Lighter GOOGL	+0.0264%	1h	356.49	+0.028%	$2.0M	$1.0M	20x	as long as short