Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

Price spread now: Ondo Perps against KuCoin+0.022%7-day average −0.054% · you sell dearer than you buy

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

Long on KuCoin Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.118%−$12 · spread now +0.022%, 7d avg −0.054%

Together, before fees−0.099%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Ondo Perps is 0.076% dearer against KuCoin than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.054%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.14	0.0100	pay 0.0100% / 8h	6h 58m	$3.0M	$65K	20x
Short	Ondo Perps GOOGL-USD.P	356.22	0.0050	get 0.0006% / 1h	58m 24s	$2.2M	$4.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against KuCoin. 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 KuCoinbpFee Ondo PerpsbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$10.42
Price spread: +0.022% → −0.054%: $7.61
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$19.8
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: KuCoin: 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 KuCoin live order book, 4 min ago	5.20 bp	74.0 bp −$74	doesn't fit	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	−0.0171%	1h	356.06	−0.022%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.22	+0.022%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0004%	1h	356.26	+0.033%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.35	+0.059%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.44	+0.084%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.48	+0.095%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.121%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.47	+0.093%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.19	+0.013%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0018%	8h	356.45	+0.087%	$16.9M	$9.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.077%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.37	+0.065%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.47	+0.093%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.275%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.24	+0.028%	$202K	$271K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	+0.087%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.18	+0.011%	$98.3M	$22.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.19	+0.014%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.21	+0.020%	$170	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.22	+0.022%	$2.2M	$4.8M	15x
QFEX GOOGL-USD	+0.0064%	1h	356.33	+0.053%	$1.3M	$4.6M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.19	+0.014%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.39	+0.069%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0067%	8h	356.46	+0.090%	$11.5M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.56	+0.117%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.34	+0.057%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.41	+0.076%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.21	+0.019%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.14	long leg	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	+0.008%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.24	+0.028%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	+0.051%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.045%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.50	+0.101%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	356.49	+0.098%	$647K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	+0.076%	$209K	$1.2M	10x	as long as short