Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against Gate−0.056%7-day average −0.104% · you buy dearer than you sell

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

Long on Gate Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.056%, 7d avg −0.104%

Together, before fees+0.038%+ Points / potential airdropOndo Perps: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.048% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	357.01	0	get 0.0000% / 8h	1h 02m	$3.6M	$7.5M	100x
Short	Ondo Perps GOOGL-USD.P	356.81	0.0050	get 0.0006% / 1h	2m 36s	$2.3M	$4.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Gate. 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 GatebpFee Ondo PerpsbpOrdersPrice spread, now −0.056%Rate

Funding earned: $10.58
Price spread: −0.056% → −0.104%: $4.84
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$4.57
Costs to cover: 0.200%
Break-even: 10.0 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	1.82 bp	14.0 bp −$14	19.1 bp −$191	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	356.60	−0.115%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.13	+0.034%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	357.01	long leg	$3.6M	$7.5M	100x
Bitget GOOGLUSDT	0.0000%	8h	357.20	+0.053%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.04	+0.009%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.10	+0.025%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.11	+0.028%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.21	+0.056%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.17	+0.045%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0012%	8h	357.20	+0.053%	$365K	$424K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0012%	1h	356.93	−0.022%	$549K	$92K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.99	−0.006%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.05	+0.011%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.04	+0.009%	$425K	$1.5M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	356.96	−0.014%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0033%	8h	357.14	+0.037%	$72.0M	$143.7M	50x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.031%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.006%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.84	−0.048%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.95	−0.017%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.83	−0.050%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.95	−0.017%	$141	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.81	−0.056%	$2.3M	$4.8M	15x
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.05	+0.010%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0079%	8h	356.59	−0.118%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.90	−0.031%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.89	−0.034%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.88	−0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.95	−0.017%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.98	−0.007%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.08	+0.020%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0123%	8h	357.10	+0.025%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0134%	8h	357.15	+0.039%	$688K	$236K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.04	+0.008%	$24K	$156K	10x	as long as short
edgeX GOOGLUSDC	+0.0253%	4h	357.06	+0.013%	$208K	$1.2M	10x	as long as short