Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0426%/8h= +46.6% APRpaid last 24h +0.186%

Price spread now: edgeX against Ondo Perps+0.119%7-day average +0.082% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 7 days−0.027%−$3 · spread now +0.119%, 7d avg +0.082%

Together, before fees−0.084%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and edgeX is 0.037% dearer against Ondo Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.082%. Mind the row above: over the last 7 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.058% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

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	51m 11s	$2.3M	$4.9M	15x
Short	edgeX GOOGLUSDC	356.74	0.0476	get 0.0238% / 4h	3h 51m	$210K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.119%Rate

Funding earned: $89.41
Price spread: +0.119% → +0.082%: $3.75
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $79.16
Costs to cover: 0.140%
Break-even: 0.8 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 3 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 edgeX live order book, 3 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	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
Gate GOOGL_USDT	0.0000%	8h	356.55	+0.067%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.69	+0.107%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	+0.051%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.79	+0.135%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.79	+0.135%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.33	+0.006%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.70	+0.109%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.29	−0.006%	$529K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.70	+0.109%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.39	+0.022%	$98.1M	$24.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	+0.048%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.39	+0.022%	$180	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.31	long leg	$2.3M	$4.9M	15x
QFEX GOOGL-USD	+0.0064%	1h	356.60	+0.081%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	+0.090%	$4.8M	$2.7M	—	as long as short
Paradex GOOGL-USD-PERP	+0.0098%	8h	356.64	+0.094%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0100%	1h	356.49	+0.049%	$560K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.41	+0.029%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.006%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.55	+0.067%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.62	+0.087%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.54	+0.065%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0114%	8h	356.83	+0.146%	$365K	$457K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	356.51	+0.056%	$33K	—	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0121%	8h	356.81	+0.140%	$23K	$472K	10x	as long as short
Binance GOOGLUSDT	+0.0135%	8h	356.67	+0.100%	$73.2M	$142.5M	50x	as long as short
Lighter GOOGL	+0.0136%	1h	356.62	+0.087%	$2.1M	$1.1M	20x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.59	+0.079%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0145%	8h	356.62	+0.087%	$16.9M	$9.1M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.56	+0.070%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0200%	8h	356.72	+0.115%	$13.8M	$12.8M	50x	as long as short
Bybit GOOGLUSDT	+0.0229%	8h	356.62	+0.087%	$11.5M	$7.7M	100x	as long as short
BloFin GOOGL-USDT	+0.0255%	8h	356.68	+0.104%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.51	+0.056%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0476%	4h	356.74	+0.119%	$210K	$1.2M	10x