Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h +0.007%

Price spread now: Orderly against Deribit+0.006%7-day average — · you sell dearer than you buy

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

Long on Deribit 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	Deribit GOOGL_USDC-PERPETUAL	356.18	0.0228	pay 0.0028% / 1h	0m 31s	$22K	$151K	10x
Short	Orderly PERP_GOOGL_USDC	356.20	0.0100	get 0.0100% / 8h	2h 00m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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 DeribitbpFee OrderlybpOrdersPrice spread, now +0.006%Rate

Funding earned: −$26.78
Price spread: +0.006% → 0.000%: $0.56
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$39.22
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 23 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 Deribit live order book, 23 min ago	0.14 bp	10.3 bp −$10	13.8 bp −$138	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 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	−0.0032%	1h	355.79	−0.109%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.06	−0.034%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.22	+0.011%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	+0.017%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.19	+0.002%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.30	+0.034%	$994	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.41	+0.065%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.28	+0.028%	$2.7M	$64K	10x	as long as short
Bybit GOOGLUSDT	+0.0002%	8h	356.37	+0.053%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0009%	8h	356.45	+0.074%	$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
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.06	−0.033%	$144K	$55K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.31	+0.036%	$1.4M	$2.6M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	356.26	+0.023%	$422K	$1.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.264%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0034%	8h	356.30	+0.034%	$72.9M	$141.8M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.24	+0.017%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.19	+0.003%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0050%	8h	356.34	+0.045%	$13.8M	$12.9M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.07	−0.031%	$98.0M	$25.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.08	−0.028%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.09	−0.025%	$192	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.99	−0.053%	$2.3M	$5.0M	15x	as long as short
edgeX GOOGLUSDC	+0.0052%	4h	356.27	+0.025%	$208K	$1.2M	10x	as long as short
Bitget GOOGLUSDT	+0.0058%	8h	356.32	+0.039%	$16.9M	$9.3M	100x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.09	−0.025%	$202K	$270K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0078%	8h	356.29	+0.032%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0099%	1h	355.94	−0.066%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.91	−0.075%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.85	−0.093%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.084%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.20	+0.006%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.19	+0.003%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.065%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0125%	8h	356.15	−0.008%	$690K	$235K	20x	as long as short
Lighter GOOGL	+0.0208%	1h	356.31	+0.036%	$2.0M	$1.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0228%	1h	356.18	long leg	$22K	$151K	10x