Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.051%

Price spread now: OKX against Ondo Perps+0.098%7-day average +0.121% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

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+0.009%+$1 · spread now +0.098%, 7d avg +0.121%

Together, before fees+0.016%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.023% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.098% now, against its 7-day average of +0.121%). If the spread goes back, that is −$2 on $10k: about 30 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 22 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	357.38	0.0050	pay 0.0006% / 1h	13m 16s	$2.3M	$4.9M	15x
Short	OKX GOOGL-USDT-SWAP	357.73	0.0112	get 0.0112% / 8h	4h 13m	$13.8M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $12.95
Price spread: +0.098% → +0.121%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$4.35
Costs to cover: 0.150%
Break-even: 9.3 days

Slippage unknown: Ondo Perps: no order-book sample; OKX: live order book, 5 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 OKX live order book, 5 min ago	0.14 bp	6.1 bp −$6	11.4 bp −$114	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.54	+0.045%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.62	+0.067%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.112%	$17.4M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.76	+0.106%	$23K	$432K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.74	+0.101%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.137%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.126%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0006%	8h	357.73	+0.099%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.63	+0.070%	$144K	$48K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.70	+0.090%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.073%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	+0.022%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	+0.084%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.54	+0.045%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.078%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.48	+0.028%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	+0.022%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	+0.036%	$146	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.38	long leg	$2.3M	$4.9M	15x
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.48	+0.028%	$24K	$155K	10x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	357.88	+0.140%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	357.47	+0.025%	$558K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.62	+0.067%	$423K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	357.72	+0.096%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	+0.015%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.26	−0.034%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.48	+0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.44	+0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	+0.053%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0106%	8h	357.63	+0.071%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	+0.062%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0112%	8h	357.73	+0.098%	$13.8M	$12.4M	50x
BloFin GOOGL-USDT	+0.0211%	8h	357.76	+0.106%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0213%	8h	357.79	+0.115%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0272%	1h	357.70	+0.090%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0650%	4h	357.72	+0.094%	$209K	$1.2M	10x	as long as short