Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.017%

Price spread now: Ondo Perps against Bybit−0.028%47s7-day average −0.125% · you buy dearer than you sell

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

Long on Bybit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.186%−$19 · spread now −0.028%, 7d avg −0.125%

Together, before fees−0.213%+ Points / potential airdropOndo Perps: Active · farm board−$21 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 0.097% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.125%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	358.99	0	get 0.0000% / 8h	6h 01m	$11.5M	$7.6M	100x
Short	Ondo Perps GOOGL-USD.P	358.89	0.0050	get 0.0006% / 1h	1m 51s	$2.3M	$3.9M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Bybit. 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 BybitbpFee Ondo PerpsbpOrdersPrice spread, now −0.028%Rate

Funding earned: $10.58
Price spread: −0.028% → −0.125%: $9.73
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $4.31
Costs to cover: 0.160%
Break-even: 4.1 days

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.70 bp	8.9 bp −$9	16.3 bp −$163	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 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	358.06	−0.259%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.77	−0.061%	$514K	$1.1M	10x	as long as short
Bybit GOOGLUSDTlong	0.0000%	8h	358.99	long leg	$11.5M	$7.6M	100x
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.10	+0.031%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.91	−0.022%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.16	+0.047%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	359.10	+0.031%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.81	−0.050%	$25K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.19	+0.056%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.14	+0.042%	$2.7M	$111K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0014%	8h	359.10	+0.031%	$5.0M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.90	−0.025%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.99	0.000%	$1.3M	$2.0M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.521%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.22	+0.064%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.01	+0.006%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.86	−0.036%	$98.2M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.94	−0.014%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.79	−0.056%	$113	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	358.89	−0.028%	$2.3M	$3.9M	15x
Paradex GOOGL-USD-PERP	+0.0061%	8h	359.07	+0.022%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0063%	8h	358.86	−0.036%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0066%	1h	358.97	−0.006%	$553K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.87	−0.032%	$426K	$2.4M	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.88	−0.031%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0082%	8h	359.02	+0.007%	$73.0M	$143.0M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	359.08	+0.024%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.73	−0.072%	$3.0M	$236K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.93	−0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.89	−0.028%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.84	−0.043%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.93	−0.017%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0160%	1h	359.01	+0.006%	$2.0M	$2.2M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0203%	8h	359.30	+0.086%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDT	+0.0204%	8h	359.24	+0.070%	$690K	$242K	20x	as long as short
edgeX GOOGLUSDC	+0.0245%	4h	359.05	+0.016%	$210K	$1.2M	10x	as long as short