Funding you earn now, next payment 00:00 UTC−0.0045%/8h= −5.0% APRnext payment −$0.45 per $10,000 · paid last 24h +0.033%
Price spread now: Bybit against Orderly+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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—needs both histories
The price spread pays, funding is against you. Bybit is 0.034% dearer against Orderly than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_GOOGL_USDC | 356.41 | 0.0100 | pay 0.0100% / 8h | 1h 20m | $10K | $10K | 20x |
| Short | Bybit GOOGLUSDT | 356.53 | 0.0055 | get 0.0055% / 8h | 1h 20m | $11.5M | $7.7M | 100x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.55
- Price spread: +0.034% → 0.000%
- $3.37
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23.18
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 0.28 bp | 9.1 bp −$9 | 13.3 bp −$133 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International GOOGL-PERP-INTX | −0.0024% | 1h | 356.19 | −0.062% | $530K | $1.1M | 10x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 356.35 | −0.017% | $3.6M | $7.5M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 356.47 | +0.017% | $1K | $4.2M | 20x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 356.59 | +0.051% | $115K | $224K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 356.51 | +0.028% | $2.7M | $64K | 10x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0016% | 1h | 356.25 | −0.044% | $144K | $54K | 10x | as long as short |
| Variational Omni GOOGL | +0.0021% | 8h | 356.43 | +0.006% | $4.6M | $2.5M | — | as long as short |
| GRVT GOOGL_USDT_Perp | +0.0026% | 8h | 356.47 | +0.017% | $23K | $484K | 10x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | +0.0031% | 1h | 356.28 | −0.036% | $22K | $151K | 10x | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 356.56 | +0.042% | $1.4M | $2.5M | 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 | +0.199% | $128K | $45K | 30x | as long as short |
| QFEX GOOGL-USD | +0.0045% | 1h | 356.38 | −0.008% | $1.3M | $4.8M | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 356.40 | −0.003% | — | $5K | 25x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 356.26 | −0.042% | $683K | $437K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 356.25 | −0.045% | $182 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 356.17 | −0.067% | $2.3M | $4.9M | 15x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0051% | 1h | 356.26 | −0.042% | $98.1M | $24.9M | 20x | as long as short |
| Bybit GOOGLUSDTshort | +0.0055% | 8h | 356.53 | +0.034% | $11.5M | $7.7M | 100x | |
| Hotstuff GOOGL-PERP | +0.0064% | 1h | 356.24 | −0.048% | $33K | — | 20x | as long as short |
| Aster GOOGLUSDT | +0.0079% | 8h | 356.63 | +0.060% | $362K | $455K | 20x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0087% | 8h | 356.42 | +0.003% | $292 | $253 | 5x | as long as short |
| Bitget GOOGLUSDT | +0.0088% | 8h | 356.47 | +0.017% | $16.9M | $9.2M | 100x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0096% | 8h | 356.51 | +0.028% | $13.8M | $12.8M | 50x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 356.36 | −0.014% | $42K | $45K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 356.10 | −0.087% | $3.0M | $67K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 356.05 | −0.101% | $21K | $9K | 50x | as long as short |
| Orderly PERP_GOOGL_USDClong | +0.0100% | 8h | 356.41 | long leg | $10K | $10K | 20x | |
| Binance GOOGLUSDT | +0.0103% | 8h | 356.46 | +0.015% | $73.0M | $142.1M | 50x | as long as short |
| Extended GOOGL-USD | +0.0104% | 1h | 356.40 | −0.003% | $421K | $1.6M | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 356.37 | −0.011% | $25K | — | 10x | as long as short |
| Nado GOOGL-PERP | +0.0134% | 1h | 356.22 | −0.052% | $557K | $82K | 20x | as long as short |
| Phoenix GOOGL | +0.0135% | 1h | 356.36 | −0.014% | $137K | $48K | 20x | as long as short |
| Arcus GOOGL-USD | +0.0169% | 1h | 356.28 | −0.036% | $202K | $271K | 10x | as long as short |
| BloFin GOOGL-USDT | +0.0223% | 8h | 356.54 | +0.036% | $691K | $235K | 20x | as long as short |
| Lighter GOOGL | +0.0272% | 1h | 356.51 | +0.028% | $2.0M | $1.0M | 20x | as long as short |
| edgeX GOOGLUSDC | +0.0988% | 4h | 356.48 | +0.020% | $208K | $1.2M | 10x | as long as short |
Bybit GOOGLUSDT
Coinbase International GOOGL-PERP-INTX
Gate GOOGL_USDT
SunX GOOGL-USDT
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aftermath Perps GOOGLUSD
Variational Omni GOOGL
GRVT GOOGL_USDT_Perp
Deribit GOOGL_USDC-PERPETUAL
Lighter RH GOOGL
Injective GOOGL/USDC PERP
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
tradeXYZ xyz:GOOGL
Aster GOOGLUSDT
Paradex GOOGL-USD-PERP
Bitget GOOGLUSDT
OKX GOOGL-USDT-SWAP
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Binance GOOGLUSDT
Extended GOOGL-USD
Phoenix GOOGL
BloFin GOOGL-USDT
Lighter GOOGL
edgeX GOOGLUSDC