Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0065%/8h= −7.1% APRpaid last 24h −0.051%

Price spread now: Ondo Perps against OKX−0.123%7-day average −0.121% · you buy dearer than you sell

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

Long on OKX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.123%, 7d avg −0.121%

Together, before fees+0.009%+ Points / potential airdropOndo Perps: Active · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.121%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	357.72	0.0115	pay 0.0115% / 8h	4h 40m	$13.8M	$12.4M	50x
Short	Ondo Perps GOOGL-USD.P	357.28	0.0050	get 0.0006% / 1h	40m 13s	$2.3M	$4.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against OKX. 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 OKXbpFee Ondo PerpsbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$13.58
Price spread: −0.123% → −0.121%: −$0.21
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$28.79
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	0.14 bp	6.8 bp −$7	11.0 bp −$110	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	−0.0048%	1h	357.54	−0.050%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.022%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	−0.003%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.78	+0.017%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.77	+0.014%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.050%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.84	+0.034%	$2.7M	$86K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.54	−0.050%	$24K	$155K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0012%	1h	357.63	−0.025%	$144K	$49K	10x	as long as short
Bitget GOOGLUSDT	+0.0018%	8h	357.82	+0.028%	$17.5M	$9.6M	100x	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	357.74	+0.006%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.168%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.52	−0.056%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.003%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.67	−0.014%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.51	−0.059%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.056%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	357.28	−0.123%	$2.3M	$4.9M	15x
Aster GOOGLUSDT	+0.0053%	8h	357.93	+0.059%	$366K	$457K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0059%	1h	357.54	−0.050%	$99.1M	$20.7M	20x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.68	−0.011%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0074%	8h	357.78	+0.016%	$73.1M	$141.3M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	−0.069%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.32	−0.112%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.40	−0.089%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.60	−0.034%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.54	−0.050%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.63	−0.026%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0107%	1h	357.46	−0.072%	$558K	$80K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0109%	8h	357.68	−0.012%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.51	−0.059%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0115%	8h	357.72	long leg	$13.8M	$12.4M	50x
Bybit GOOGLUSDT	+0.0176%	8h	357.82	+0.028%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0193%	8h	357.77	+0.014%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0304%	1h	357.76	+0.011%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0546%	4h	357.75	+0.008%	$209K	$1.2M	10x	as long as short