Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.021%

Price spread now: Ondo Perps against Variational Omni−0.085%7-day average −0.113% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days−0.087%−$9 · spread now −0.085%, 7d avg −0.113%

Together, before fees−0.080%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Ondo Perps is 0.027% dearer against Variational Omni than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	357.88	0	get 0.0000% / 8h	5h 09m	$4.8M	$2.4M	—
Short	Ondo Perps GOOGL-USD.P	357.57	0.0050	get 0.0006% / 1h	9m 05s	$2.3M	$4.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now −0.085%Rate

Funding earned: $10.58
Price spread: −0.085% → −0.113%: $2.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $8.31
Costs to cover: 0.050%
Break-even: 1.5 days

Slippage unknown: Variational Omni: RFQ quote, 5 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 Variational Omni RFQ quote, 5 min ago	2.61 bp	doesn't fit	8.7 bp −$87	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
Hotstuff GOOGL-PERP	−0.0104%	1h	357.73	−0.041%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.116%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0026%	1h	357.70	−0.050%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.85	−0.007%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	357.88	long leg	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.95	+0.021%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.98	+0.029%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.01	+0.038%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.07	+0.054%	$2.7M	$80K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.61	−0.073%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0020%	8h	357.74	−0.037%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.89	+0.004%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.96	+0.024%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.211%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0040%	8h	357.96	+0.022%	$72.9M	$141.1M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.90	+0.006%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.63	−0.069%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.92	+0.013%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.74	−0.038%	$99.1M	$21.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.055%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.74	−0.038%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	357.57	−0.085%	$2.3M	$4.9M	15x
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.88	+0.001%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0063%	8h	357.99	+0.032%	$17.5M	$9.6M	100x	as long as short
Bybit GOOGLUSDT	+0.0070%	8h	358.07	+0.054%	$11.9M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.90	+0.007%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.105%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.59	−0.080%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.84	−0.010%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.81	−0.017%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0105%	8h	357.95	+0.021%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.80	−0.021%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0160%	8h	358.01	+0.038%	$696K	$234K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	358.00	+0.035%	$2.1M	$1.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0169%	1h	357.80	−0.021%	$24K	$154K	10x	as long as short
edgeX GOOGLUSDC	+0.0539%	4h	357.87	0.000%	$209K	$1.2M	10x	as long as short