Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0629%/8h= −68.8% APRpaid last 24h −0.186%

Price spread now: Ondo Perps against edgeX−0.077%7-day average −0.084% · you buy dearer than you sell

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

Long on edgeX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 7 days−0.105%−$11 · spread now −0.077%, 7d avg −0.084%

Together, before fees−0.048%+ Points / potential airdropedgeX: Active · Ondo Perps: Active · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.084%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.058%, so the current rate has only just turned against you.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.058% in total (about 3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.43	0.0679	pay 0.0340% / 4h	3h 05m	$209K	$1.2M	10x
Short	Ondo Perps GOOGL-USD.P	356.15	0.0050	get 0.0006% / 1h	5m 14s	$2.2M	$4.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against edgeX. 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 edgeXbpFee Ondo PerpsbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$132.02
Price spread: −0.077% → −0.084%: $0.67
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$145.35
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 4 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 edgeX live order book, 4 min ago	3.23 bp	8.0 bp −$8	11.5 bp −$115	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
Deribit GOOGL_USDC-PERPETUAL	−0.0283%	1h	356.10	−0.091%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.42	−0.002%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.43	+0.003%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.48	+0.015%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.60	+0.049%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.035%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0011%	1h	356.17	−0.071%	$144K	$52K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.32	−0.030%	$33K	—	20x	as long as short
Variational Omni GOOGL	+0.0030%	8h	356.38	−0.013%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.44	+0.004%	$2.1M	$1.1M	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	356.53	+0.029%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	−0.058%	$528K	$1.1M	10x	as long as short
Bitget GOOGLUSDT	+0.0033%	8h	356.46	+0.010%	$16.9M	$9.3M	100x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.195%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.35	−0.021%	$556K	$81K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.029%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.31	−0.032%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.046%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.035%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.15	−0.077%	$2.2M	$4.8M	15x
QFEX GOOGL-USD	+0.0064%	1h	356.44	+0.004%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	356.48	+0.014%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0080%	8h	356.59	+0.047%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0082%	8h	356.49	+0.018%	$11.5M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.036%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.103%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.24	−0.052%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.34	−0.024%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0101%	8h	356.50	+0.021%	$72.7M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.42	−0.001%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.35	−0.022%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.046%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.49	+0.018%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0221%	8h	356.54	+0.032%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.052%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDClong	+0.0679%	4h	356.43	long leg	$209K	$1.2M	10x