Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0025%/8h= −2.7% APRpaid last 24h −0.041%

Price spread now: Ondo Perps against Bybit−0.050%7-day average −0.125% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.038%−$4 · spread now −0.050%, 7d avg −0.125%

Together, before fees−0.045%+ Points / potential airdropOndo Perps: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.075% dearer against Bybit than usual: you sell high and buy low (spread −0.050% now, against its 7-day average of −0.125%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 10 days. At the pace of the last 7 days (−0.007% in total) that is about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.75	0.0075	pay 0.0075% / 8h	1h 03m	$11.5M	$7.7M	100x
Short	Ondo Perps GOOGL-USD.P	356.57	0.0050	get 0.0006% / 1h	3m 32s	$2.3M	$4.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$5.21
Price spread: −0.050% → −0.125%: $7.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$13.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 10 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 Bybit live order book, 10 min ago	0.28 bp	8.0 bp −$8	12.7 bp −$127	doesn't fit	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	356.48	−0.076%	$530K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.45	−0.084%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.62	−0.036%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.72	−0.008%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.84	+0.025%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.85	+0.028%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0012%	1h	356.46	−0.082%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.76	+0.003%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.104%	$128K	$45K	30x	as long as short
Variational Omni GOOGL	+0.0040%	8h	356.86	+0.030%	$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
QFEX GOOGL-USD	+0.0045%	1h	356.63	−0.034%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.68	−0.020%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.84	+0.025%	$23K	$473K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.48	−0.076%	$98.0M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.46	−0.081%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.48	−0.076%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.57	−0.050%	$2.3M	$4.9M	15x
Bybit GOOGLUSDTlong	+0.0075%	8h	356.75	long leg	$11.5M	$7.7M	100x
Paradex GOOGL-USD-PERP	+0.0091%	8h	356.67	−0.022%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0098%	8h	356.80	+0.014%	$16.9M	$9.2M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.63	−0.034%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.30	−0.126%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.45	−0.084%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.62	−0.036%	$10K	$10K	20x	as long as short
Aster GOOGLUSDT	+0.0102%	8h	356.83	+0.022%	$362K	$455K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.63	−0.035%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0111%	8h	356.78	+0.008%	$13.9M	$12.9M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.67	−0.022%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0124%	8h	356.72	−0.008%	$73.0M	$142.3M	50x	as long as short
Nado GOOGL-PERP	+0.0127%	1h	356.44	−0.086%	$560K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.70	−0.014%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.51	−0.067%	$202K	$271K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0171%	1h	356.53	−0.062%	$23K	$151K	10x	as long as short
BloFin GOOGL-USDT	+0.0240%	8h	356.83	+0.022%	$690K	$235K	20x	as long as short
Lighter GOOGL	+0.0280%	1h	356.78	+0.008%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0293%	4h	356.85	+0.028%	$208K	$1.2M	10x	as long as short