Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.4% APRpaid last 24h −0.019%

Price spread now: GRVT against Ondo Perps+0.109%53s7-day average +0.095% · you sell dearer than you buy

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

Long on Ondo Perps Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.109%, 7d avg +0.095%

Together, before fees−0.150%+ Points / potential airdropOndo Perps: Active · GRVT: Active · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	356.17	0.0050	pay 0.0006% / 1h	19m 51s	$2.3M	$4.9M	15x
Short	GRVT GOOGL_USDT_Perp	356.56	0.0047	get 0.0047% / 8h	19m 51s	$23K	$473K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.71
Price spread: +0.109% → +0.095%: $1.41
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$13.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; GRVT: live order book, 58 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 GRVT live order book, 58 min ago	1.96 bp	6.5 bp −$6	8.8 bp −$88	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	356.39	+0.062%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.54	+0.104%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.26	+0.025%	$22K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.64	+0.132%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.59	+0.118%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	+0.065%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	+0.060%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.57	+0.112%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.267%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.50	+0.093%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perpshort	+0.0047%	8h	356.56	+0.109%	$23K	$473K	10x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.26	+0.025%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	+0.020%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.27	+0.028%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.17	long leg	$2.3M	$4.9M	15x
QFEX GOOGL-USD	+0.0060%	1h	356.43	+0.073%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0061%	8h	356.49	+0.089%	$4.7M	$2.6M	—	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.45	+0.080%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.22	+0.013%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.30	+0.036%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	+0.062%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.40	+0.065%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.43	+0.074%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0109%	8h	356.64	+0.133%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0109%	1h	356.24	+0.019%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0118%	8h	356.57	+0.112%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.52	+0.098%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.47	+0.085%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0130%	8h	356.54	+0.103%	$73.1M	$142.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.31	+0.039%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.27	+0.028%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0174%	8h	356.59	+0.118%	$13.9M	$12.8M	50x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.27	+0.028%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0251%	8h	356.54	+0.104%	$692K	$236K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.53	+0.101%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0806%	4h	356.54	+0.105%	$210K	$1.2M	10x	as long as short