Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.013%

Price spread now: Bitget against Ondo Perps+0.109%7-day average +0.123% · you sell dearer than you buy

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

Long on Ondo Perps Short on Bitget

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+0.079%+$8 · spread now +0.109%, 7d avg +0.123%

Together, before fees+0.073%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.123%, so right now this pair is about funding alone: $0 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	357.54	0.0050	pay 0.0006% / 1h	13m 09s	$2.2M	$4.9M	15x
Short	Bitget GOOGLUSDT	357.93	0.0062	get 0.0062% / 8h	5h 13m	$17.5M	$9.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.109%Rate

Funding earned: $2.44
Price spread: +0.109% → +0.123%: −$1.36
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.92
Costs to cover: 0.170%
Break-even: 52.8 days

Slippage unknown: Ondo Perps: no order-book sample; Bitget: 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 Bitget live order book, 1 min ago	0.28 bp	7.7 bp −$8	10.4 bp −$104	doesn't fit	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
Hotstuff GOOGL-PERP	−0.0120%	1h	357.63	+0.025%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.022%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0036%	1h	357.61	+0.019%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.74	+0.056%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.75	+0.057%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.75	+0.059%	$23K	$433K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.93	+0.109%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.98	+0.123%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.092%	$2.7M	$80K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.47	−0.019%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0016%	8h	357.68	+0.039%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.78	+0.067%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.85	+0.087%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.117%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.91	+0.103%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.84	+0.084%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.53	−0.003%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.65	+0.031%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.60	+0.017%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.65	+0.031%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.54	long leg	$2.2M	$4.9M	15x
Bybit GOOGLUSDT	+0.0053%	8h	358.03	+0.137%	$11.8M	$7.5M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.79	+0.069%	$293	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.67	+0.036%	$23K	$154K	10x	as long as short
Bitget GOOGLUSDTshort	+0.0062%	8h	357.93	+0.109%	$17.5M	$9.6M	100x
Pacifica GOOGL	+0.0100%	1h	357.77	+0.064%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.011%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.71	+0.048%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0103%	8h	357.84	+0.084%	$13.8M	$12.4M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.67	+0.038%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.57	+0.008%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.88	+0.095%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0145%	8h	357.69	+0.042%	$699K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0839%	4h	357.71	+0.048%	$209K	$1.2M	10x	as long as short