Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h −0.015%

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

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

Long on Orderly Short on Ondo Perps

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.087% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	357.61	0.0100	pay 0.0100% / 8h	5h 05m	$10K	$11K	20x
Short	Ondo Perps GOOGL-USD.P	357.30	0.0050	get 0.0006% / 1h	5m 30s	$2.3M	$4.0M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Orderly. 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 OrderlybpFee Ondo PerpsbpOrdersPrice spread, now −0.087%Rate

Funding earned: −$10.42
Price spread: −0.087% → 0.000%: −$8.67
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$30.08
Costs to cover: 0.110%
Break-even: never at this rate

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

Orderly and 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 exchanges

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	−0.1600%	1h	357.48	−0.036%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.078%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.74	+0.036%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.76	+0.042%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.69	+0.022%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.83	+0.062%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	+0.031%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.81	+0.056%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.081%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.81	+0.056%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0007%	8h	357.67	+0.017%	$12K	$466K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0030%	1h	357.55	−0.017%	$29K	$151K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.48	−0.035%	$144K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.80	+0.053%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.137%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.78	+0.049%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.77	+0.045%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.031%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.62	+0.003%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.039%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	357.30	−0.087%	$2.3M	$4.0M	15x
Binance GOOGLUSDT	+0.0052%	8h	357.78	+0.048%	$73.0M	$146.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.69	+0.021%	$426K	$2.5M	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.69	+0.022%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.63	+0.006%	$293	$253	5x	as long as short
Nado GOOGL-PERP	+0.0092%	1h	357.52	−0.024%	$552K	$84K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.42	−0.053%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.089%	$3.0M	$304K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.40	−0.059%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	357.61	long leg	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.61	+0.001%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.46	−0.042%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.77	+0.045%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0173%	8h	357.75	+0.039%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.56	−0.014%	$212K	$222K	10x	as long as short
edgeX GOOGLUSDC	+0.0208%	4h	357.65	+0.010%	$208K	$1.2M	10x	as long as short