Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Orderly against Polymarket Perps+0.025%7-day average — · you sell dearer than you buy

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

Long on Polymarket 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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.025% dearer against Polymarket Perps than usual: you sell high and buy low: +$3 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	Polymarket Perps GOOG-USD	356.87	0.0050	pay 0.0006% / 1h	27m 35s	$685K	$431K	10x
Short	Orderly PERP_GOOGL_USDC	356.96	0.0100	get 0.0100% / 8h	2h 27m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Polymarket 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 Polymarket PerpsbpFee OrderlybpOrdersPrice spread, now +0.025%Rate

Funding earned: $10.5
Price spread: +0.025% → 0.000%: $2.52
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.98
Costs to cover: 0.140%
Break-even: 7.7 days

Slippage unknown: Polymarket Perps: live order book, 20 min ago; 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 Polymarket Perps live order book, 20 min ago	2.10 bp	6.3 bp −$6	7.7 bp −$77	9.0 bp −$900	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	356.99	+0.034%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.13	+0.073%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.06	+0.053%	$23K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.13	+0.073%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.84	−0.008%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.27	+0.112%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.09	+0.062%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0002%	1h	356.92	+0.014%	$557K	$86K	20x	as long as short
Variational Omni GOOGL	+0.0006%	8h	356.98	+0.031%	$4.7M	$2.3M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.084%	$519K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0018%	8h	357.15	+0.078%	$13.7M	$12.8M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.71	−0.044%	$144K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.07	+0.056%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.070%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.77	−0.028%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.14	+0.076%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.03	+0.045%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.91	+0.011%	$98.2M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	356.87	long leg	$685K	$431K	10x
SoDEX GOOGL-USD	+0.0050%	1h	356.84	−0.008%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.78	−0.025%	$2.3M	$4.8M	15x	as long as short
Aster GOOGLUSDT	+0.0059%	8h	357.32	+0.125%	$366K	$426K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	357.10	+0.063%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.91	+0.011%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0080%	8h	357.13	+0.073%	$72.0M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.04	+0.048%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.95	+0.021%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.00	+0.036%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.85	−0.006%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.96	+0.025%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.97	+0.028%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.11	+0.067%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.84	−0.008%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0201%	8h	357.01	+0.039%	$690K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0212%	8h	357.18	+0.087%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0333%	4h	356.96	+0.025%	$208K	$1.2M	10x	as long as short