Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0046%/8h= +5.1% APRpaid last 24h +0.038%

Price spread now: Binance against Ondo Perps+0.087%7-day average +0.102% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 2 days (all we have)+0.027%+$3 · spread now +0.087%, 7d avg +0.102%

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

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	356.31	0.0050	pay 0.0006% / 1h	42m 20s	$2.3M	$4.9M	15x
Short	Binance GOOGLUSDT	356.62	0.0097	get 0.0097% / 8h	6h 42m	$72.7M	$141.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.087%Rate

Funding earned: $9.74
Price spread: +0.087% → +0.102%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.73
Costs to cover: 0.150%
Break-even: 11.8 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 1 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 1 min ago	0.14 bp	5.1 bp −$5	7.4 bp −$74	22.9 bp −$2,285	doesn't fit

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	356.00	−0.087%	$528K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.58	+0.076%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.66	+0.098%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.57	+0.073%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.67	+0.101%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.46	+0.042%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.82	+0.143%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.63	+0.090%	$2.7M	$67K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	356.50	+0.053%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0009%	1h	356.27	−0.010%	$144K	$51K	10x	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	+0.0014%	1h	356.45	+0.040%	$556K	$80K	20x	as long as short
Variational Omni GOOGL	+0.0020%	8h	356.45	+0.039%	$4.8M	$2.3M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.68	+0.104%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.48	+0.048%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.37	+0.017%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.65	+0.095%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.62	+0.087%	$2.1M	$1.1M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.50	+0.053%	$98.4M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.39	+0.022%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.54	+0.065%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.31	long leg	$2.3M	$4.9M	15x
Paradex GOOGL-USD-PERP	+0.0064%	8h	356.61	+0.084%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0075%	8h	356.59	+0.079%	$364K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.47	+0.045%	$137K	$36K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.52	+0.060%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDTshort	+0.0097%	8h	356.62	+0.087%	$72.7M	$141.5M	50x
Pacifica GOOGL	+0.0100%	1h	356.37	+0.017%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.22	−0.025%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.52	+0.059%	$10K	$10K	20x	as long as short
Bybit GOOGLUSDT	+0.0104%	8h	356.85	+0.152%	$11.6M	$7.5M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.49	+0.050%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.69	+0.107%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	+0.045%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0635%	4h	356.43	+0.034%	$209K	$1.2M	10x	as long as short