Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Ondo Perps against SunX−0.101%7-day average −0.105% · you buy dearer than you sell

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

Long on SunX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now −0.101%, 7d avg −0.105%

Together, before fees+0.059%+ Points / potential airdropOndo Perps: Active · farm board+$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.105%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	356.56	0	get 0.0000% / 8h	7h 29m	$1K	$4.2M	20x
Short	Ondo Perps GOOGL-USD.P	356.20	0.0050	get 0.0006% / 1h	29m 00s	$2.2M	$4.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against SunX. 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 SunXbpFee Ondo PerpsbpOrdersPrice spread, now −0.101%Rate

Funding earned: $10.58
Price spread: −0.101% → −0.105%: $0.44
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$1.97
Costs to cover: 0.130%
Break-even: 8.3 days

Slippage unknown: SunX: live order book, 9 min ago; 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 SunX live order book, 9 min ago	44.76 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Gate GOOGL_USDT	0.0000%	8h	356.47	−0.025%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.41	−0.042%	$23K	$462K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	356.56	long leg	$1K	$4.2M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.25	−0.087%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.68	+0.034%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	−0.036%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.14	−0.118%	$144K	$52K	10x	as long as short
Lighter GOOGL	+0.0032%	1h	356.48	−0.022%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.55	−0.003%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.199%	$528K	$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
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.157%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0041%	1h	356.32	−0.067%	$557K	$79K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	−0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.35	−0.059%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	−0.062%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.073%	$172	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.20	−0.101%	$2.2M	$4.8M	15x
Variational Omni GOOGL	+0.0053%	8h	356.39	−0.048%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.43	−0.036%	$1.3M	$4.7M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	356.36	−0.056%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0079%	8h	356.52	−0.012%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0084%	8h	356.52	−0.011%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0096%	8h	356.70	+0.038%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.32	−0.068%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.12	−0.123%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.37	−0.053%	$10K	$10K	20x	as long as short
Bybit GOOGLUSDT	+0.0102%	8h	356.52	−0.011%	$11.5M	$7.7M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.41	−0.042%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0117%	8h	356.62	+0.017%	$72.9M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.49	−0.019%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.081%	$137K	$48K	20x	as long as short
edgeX GOOGLUSDC	+0.0160%	4h	356.40	−0.045%	$209K	$1.2M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.64	+0.022%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0237%	8h	356.57	+0.003%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.22	−0.095%	$202K	$271K	10x	as long as short