Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.025%

Price spread now: Orderly against Coinbase International0.000%7-day average — · you sell dearer than you buy

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

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Coinbase International GOOGL-PERP-INTX	358.24	−0.0040	get 0.0005% / 1h	53m 27s	$522K	$1.2M	10x
Short	Orderly PERP_GOOGL_USDC	358.24	0.0100	get 0.0100% / 8h	5h 53m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now 0.000%Rate

Funding earned: $29.4
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $13.4
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Coinbase International: live order book, 3 min ago; Orderly: 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 Coinbase International live order book, 3 min ago	2.09 bp	7.1 bp −$7	10.8 bp −$108	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.90	−0.095%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0040%	1h	358.24	long leg	$522K	$1.2M	10x
Bybit GOOGLUSDT	0.0000%	8h	358.15	−0.025%	$11.5M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.14	−0.028%	$13.5M	$13.6M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.06	−0.050%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.19	−0.014%	$17.5M	$9.8M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.42	+0.050%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.47	+0.064%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.57	+0.092%	$2.7M	$114K	10x	as long as short
Variational Omni GOOGL	+0.0013%	8h	358.41	+0.048%	$5.0M	$2.3M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.47	+0.064%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.12	−0.033%	$1.3M	$1.7M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.313%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.19	−0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.86	−0.106%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.97	−0.075%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.12	−0.033%	$112	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.18	−0.017%	$2.3M	$3.9M	15x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0057%	1h	358.10	−0.039%	$29K	$152K	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.14	−0.028%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	358.04	−0.057%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0061%	8h	358.39	+0.042%	$368K	$420K	20x	as long as short
Binance GOOGLUSDT	+0.0079%	8h	358.24	0.000%	$73.2M	$144.9M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.16	−0.022%	$426K	$2.4M	20x	as long as short
Nado GOOGL-PERP	+0.0087%	1h	357.94	−0.083%	$552K	$82K	20x	as long as short
Lighter GOOGL	+0.0096%	1h	358.08	−0.045%	$2.0M	$2.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.11	−0.035%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.05	−0.053%	$3.0M	$246K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.38	+0.039%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	358.24	0.000%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	358.21	−0.007%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.95	+0.198%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0145%	8h	358.58	+0.095%	$12K	$460K	10x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	358.66	+0.116%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.96	−0.078%	$211K	$195K	10x	as long as short
BloFin GOOGL-USDT	+0.0205%	8h	358.61	+0.103%	$689K	$242K	20x	as long as short