Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.015%

Price spread now: KuCoin against Ondo Perps+0.028%7-day average +0.052% · you sell dearer than you buy

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

Long on Ondo Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.028%, 7d avg +0.052%

Together, before fees−0.061%+ Points / potential airdropOndo Perps: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.024% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.052%). If the spread goes back, that is −$2 on $10k: about 39 hours of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	356.93	0.0050	pay 0.0006% / 1h	44m 57s	$2.3M	$4.9M	15x
Short	KuCoin GOOGLUSDTM	357.03	0.0100	get 0.0100% / 8h	2h 44m	$3.0M	$106K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.42
Price spread: +0.028% → +0.052%: −$2.39
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$8.98
Costs to cover: 0.170%
Break-even: 13.0 days

Slippage unknown: Ondo Perps: no order-book sample; KuCoin: live order book, 7 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 KuCoin live order book, 7 min ago	5.46 bp	145.1 bp −$145	doesn't fit	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	357.15	+0.062%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.27	+0.095%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	+0.084%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.93	0.000%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.35	+0.118%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.132%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0010%	8h	357.26	+0.093%	$23K	$448K	10x	as long as short
Variational Omni GOOGL	+0.0015%	8h	357.17	+0.068%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	+0.073%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.16	+0.063%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.21	+0.078%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.053%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.99	+0.017%	$557K	$86K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.01	+0.022%	$207K	$278K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0045%	8h	357.15	+0.062%	$13.7M	$12.6M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	+0.087%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.16	+0.064%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.03	+0.028%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	+0.031%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	+0.028%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.93	long leg	$2.3M	$4.9M	15x
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.14	+0.058%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.04	+0.031%	$33K	—	20x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	357.37	+0.124%	$366K	$426K	20x	as long as short
Binance GOOGLUSDT	+0.0093%	8h	357.21	+0.077%	$72.3M	$143.1M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.14	+0.059%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.02	+0.025%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.03	+0.028%	$3.0M	$106K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	+0.022%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	+0.056%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.09	+0.046%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.02	+0.025%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.21	+0.078%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0213%	8h	357.29	+0.101%	$692K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0228%	8h	357.32	+0.109%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0830%	4h	357.24	+0.086%	$208K	$1.2M	10x	as long as short