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= −5.5% APRpaid last 24h −0.013%

Price spread now: tradeXYZ against Orderly−0.048%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and tradeXYZ is 0.048% cheaper against Orderly than usual: you would sell low and buy high (−$5 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	356.46	0.0100	pay 0.0100% / 8h	12m 27s	$10K	$10K	20x
Short	tradeXYZ xyz:GOOGL	356.29	0.0050	get 0.0006% / 1h	12m 27s	$98.2M	$25.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$10.5
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$39.27
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 7 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 tradeXYZ live order book, 7 min ago	0.14 bp	11.0 bp −$11	13.4 bp −$134	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
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.003%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	+0.042%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.70	+0.067%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.61	+0.042%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.24	−0.062%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.38	−0.021%	$144K	$53K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.28	−0.050%	$33K	—	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	+0.034%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.185%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	356.58	+0.033%	$23K	$472K	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	356.47	+0.003%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.29	−0.048%	$98.2M	$25.5M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.31	−0.042%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.29	−0.048%	$180	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.20	−0.073%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0059%	8h	356.56	+0.029%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.49	+0.008%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0091%	8h	356.50	+0.012%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.20	−0.074%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.29	−0.048%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.34	−0.034%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	356.46	long leg	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.49	+0.007%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0109%	8h	356.74	+0.079%	$363K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0113%	1h	356.24	−0.061%	$559K	$81K	20x	as long as short
Bybit GOOGLUSDT	+0.0127%	8h	356.66	+0.056%	$11.5M	$7.8M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.54	+0.023%	$422K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0130%	8h	356.61	+0.042%	$73.1M	$143.0M	50x	as long as short
Bitget GOOGLUSDT	+0.0133%	8h	356.57	+0.031%	$16.9M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.29	−0.048%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0180%	8h	356.60	+0.039%	$13.8M	$12.9M	50x	as long as short
edgeX GOOGLUSDC	+0.0208%	4h	356.53	+0.019%	$210K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.57	+0.031%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.34	−0.034%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.54	+0.022%	$2.1M	$1.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0452%	1h	356.47	+0.003%	$23K	$152K	10x	as long as short