Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.011%

Price spread now: Orderly against Ondo Perps+0.087%7-day average — · you sell dearer than you buy

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

Long on Ondo Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropOndo Perps: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.087% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history 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	46m 22s	$2.3M	$4.9M	15x
Short	Orderly PERP_GOOGL_USDC	356.62	0.0100	get 0.0100% / 8h	46m 22s	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.087%Rate

Funding earned: $10.42
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: $8.12
Costs to cover: 0.110%
Break-even: 1.5 days

Slippage unknown: Ondo Perps: no order-book sample; Orderly: no order-book sample. 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 Orderly no order-book sample	—	—	—	—	—

Ondo Perps and Orderly: 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
Hotstuff GOOGL-PERP	0.0000%	1h	356.56	+0.070%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.59	+0.079%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.69	+0.107%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.77	+0.129%	$114K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	+0.126%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.28	−0.008%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.36	+0.015%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.75	+0.123%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0045%	8h	356.58	+0.075%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GOOGL-USD-PERP	+0.0046%	1h	356.63	+0.090%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0047%	8h	356.59	+0.079%	$4.7M	$2.6M	—	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.50	+0.053%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.49	+0.051%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.31	long leg	$2.3M	$4.9M	15x
tradeXYZ xyz:GOOGL	+0.0056%	1h	356.50	+0.053%	$98.2M	$24.7M	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.62	+0.087%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.64	+0.093%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0088%	8h	356.77	+0.129%	$11.5M	$7.7M	100x	as long as short
Nado GOOGL-PERP	+0.0097%	1h	356.44	+0.036%	$560K	$82K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.33	+0.006%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.30	−0.003%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.38	+0.020%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.62	+0.087%	$10K	$10K	20x
Aster GOOGLUSDT	+0.0103%	8h	356.83	+0.146%	$362K	$455K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.63	+0.091%	$25K	—	10x	as long as short
Bitget GOOGLUSDT	+0.0110%	8h	356.69	+0.107%	$16.9M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0125%	8h	356.74	+0.120%	$73.0M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.68	+0.103%	$421K	$1.6M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0135%	8h	356.82	+0.143%	$13.9M	$12.9M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0143%	1h	356.55	+0.067%	$23K	$151K	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	+0.028%	$137K	$48K	20x	as long as short
BloFin GOOGL-USDT	+0.0244%	8h	356.69	+0.107%	$691K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.53	+0.062%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0312%	1h	356.75	+0.123%	$2.1M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0686%	4h	356.57	+0.074%	$208K	$1.2M	10x	as long as short