Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.074%

Price spread now: BloFin against Ondo Perps+0.104%7-day average +0.108% · you sell dearer than you buy

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.104%, 7d avg +0.108%

Together, before fees+0.298%+ Points / potential airdropOndo Perps: Active · farm board+$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.108%, so right now this pair is about funding alone: +$4 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	357.03	0.0050	pay 0.0006% / 1h	6m 21s	$2.3M	$4.8M	15x
Short	BloFin GOOGL-USDT	357.40	0.0186	get 0.0186% / 8h	2h 06m	$685K	$236K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.104%Rate

Funding earned: $28.56
Price spread: +0.104% → +0.108%: −$0.41
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.16
Costs to cover: 0.170%
Break-even: 4.3 days

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 20 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 BloFin live order book, 20 min ago	0.56 bp	7.4 bp −$7	9.2 bp −$92	21.3 bp −$2,130	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
Nado GOOGL-PERP	−0.0023%	1h	357.16	+0.036%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.37	+0.095%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.25	+0.062%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.40	+0.104%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.118%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.125%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.37	+0.095%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.13	+0.028%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.50	+0.132%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.137%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.042%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.070%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.33	+0.084%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.025%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	+0.028%	$207K	$278K	10x	as long as short
Aster GOOGLUSDT	+0.0045%	8h	357.49	+0.130%	$366K	$426K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	+0.104%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.059%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.14	+0.031%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	+0.028%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.14	+0.031%	$163	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.03	long leg	$2.3M	$4.8M	15x
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.28	+0.069%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.25	+0.062%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.35	+0.090%	$72.1M	$143.6M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.16	+0.036%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.11	+0.023%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.87	−0.045%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.076%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	+0.045%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	+0.054%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.34	+0.087%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.073%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDTshort	+0.0186%	8h	357.40	+0.104%	$685K	$236K	20x
Bybit GOOGLUSDT	+0.0196%	8h	357.41	+0.106%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.119%	$208K	$1.2M	10x	as long as short