Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.021%

Price spread now: Variational Omni against Ondo Perps+0.059%7-day average +0.113% · you sell dearer than you buy

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

Long on Ondo Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.125%+$13 · spread now +0.059%, 7d avg +0.113%

Together, before fees+0.119%+ Points / potential airdropOndo Perps: Active · Variational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.054% cheaper against Ondo Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	356.16	0.0050	pay 0.0006% / 1h	31m 21s	$2.2M	$4.9M	15x
Short	Variational Omni GOOGL	356.37	0.0057	get 0.0057% / 8h	7h 31m	$4.8M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.059%Rate

Funding earned: $1.35
Price spread: +0.059% → +0.113%: −$5.4
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.05
Costs to cover: 0.050%
Break-even: 54.0 days

Slippage unknown: Ondo Perps: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	9.8 bp −$98	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
Hotstuff GOOGL-PERP	−0.0008%	1h	356.23	+0.020%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.35	+0.053%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.39	+0.065%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.52	+0.101%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.29	+0.037%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.63	+0.132%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.45	+0.081%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.12	−0.012%	$144K	$52K	10x	as long as short
Lighter GOOGL	+0.0032%	1h	356.39	+0.065%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.47	+0.087%	$1.4M	$2.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.087%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.270%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0041%	1h	356.28	+0.035%	$558K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.43	+0.076%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.21	+0.014%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.23	+0.020%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.26	+0.028%	$166	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.16	long leg	$2.2M	$4.9M	15x
Variational Omni GOOGLshort	+0.0057%	8h	356.37	+0.059%	$4.8M	$2.7M	—
QFEX GOOGL-USD	+0.0064%	1h	356.37	+0.059%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0081%	8h	356.42	+0.072%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0088%	8h	356.46	+0.084%	$17.0M	$9.3M	100x	as long as short
Aster GOOGLUSDT	+0.0099%	8h	356.62	+0.130%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.20	+0.011%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.99	−0.048%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.30	+0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.37	+0.059%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0104%	8h	356.52	+0.101%	$11.5M	$7.7M	100x	as long as short
Binance GOOGLUSDT	+0.0119%	8h	356.44	+0.079%	$72.9M	$142.3M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.37	+0.058%	$421K	$1.9M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	+0.014%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.52	+0.101%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.40	+0.067%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.18	+0.006%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0581%	4h	356.41	+0.071%	$209K	$1.2M	10x	as long as short