Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.022%

Price spread now: Orderly against Injective−0.272%7-day average — · you buy dearer than you sell

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

Long on Injective 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

Funding pays, the price is against you. Orderly is 0.272% cheaper against Injective than usual: you would sell low and buy high (spread −0.272% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 14 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	3m 18s	$128K	$45K	30x
Short	Orderly PERP_GOOGL_USDC	356.15	0.0100	get 0.0100% / 8h	2h 03m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −0.272%Rate

Funding earned: $14
Price spread: −0.272% → 0.000%: −$27.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.18
Costs to cover: 0.060%
Break-even: 16.6 days

Slippage unknown: Injective: live order book, 20 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 Injective live order book, 20 min ago	9.40 bp	9.4 bp −$9	9.4 bp −$94	57266.1 bp −$5.73M	326330.1 bp −$163.17M
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
Hotstuff GOOGL-PERP	−0.0056%	1h	356.02	−0.308%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.372%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.10	−0.285%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.29	−0.232%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.13	−0.277%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.24	−0.247%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.19	−0.261%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.24	−0.246%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	−0.204%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	−0.238%	$2.7M	$64K	10x	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	355.99	−0.318%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	356.28	−0.236%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.24	−0.246%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	−0.241%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
QFEX GOOGL-USD	+0.0043%	1h	356.17	−0.266%	$1.3M	$4.7M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0043%	8h	356.32	−0.224%	$13.8M	$12.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.18	−0.263%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.02	−0.308%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.297%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	−0.311%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.90	−0.342%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0053%	8h	356.13	−0.277%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	356.22	−0.251%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.02	−0.308%	$202K	$270K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	−0.272%	$688K	$235K	20x	as long as short
Nado GOOGL-PERP	+0.0091%	1h	355.91	−0.338%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.89	−0.344%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.80	−0.370%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.347%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.15	−0.272%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.09	−0.287%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.328%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.15	−0.272%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0200%	1h	356.26	−0.241%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0630%	4h	356.23	−0.250%	$208K	$1.2M	10x	as long as short