Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.014%

Price spread now: Orderly against Coinbase International+0.084%7-day average — · you sell dearer than you buy

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

Long on Coinbase International 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 +$4 a day on $10k at the current rate, and Orderly is 0.084% dearer against Coinbase International than usual: you sell high and buy low: +$8 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	Coinbase International GOOGL-PERP-INTX	356.40	−0.0024	get 0.0003% / 1h	34m 50s	$529K	$1.1M	10x
Short	Orderly PERP_GOOGL_USDC	356.70	0.0100	get 0.0100% / 8h	6h 34m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Coinbase International. 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 Coinbase InternationalbpFee OrderlybpOrdersPrice spread, now +0.084%Rate

Funding earned: $26.04
Price spread: +0.084% → 0.000%: $8.42
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $18.46
Costs to cover: 0.160%
Break-even: 2.0 days

Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	1.82 bp	7.4 bp −$7	11.2 bp −$112	doesn't fit	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
Deribit GOOGL_USDC-PERPETUAL	−0.0086%	1h	356.53	+0.036%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	356.72	+0.090%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTXlong	−0.0024%	1h	356.40	long leg	$529K	$1.1M	10x
Nado GOOGL-PERP	−0.0002%	1h	356.65	+0.070%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.78	+0.107%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.098%	$16.9M	$9.2M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.092%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	+0.104%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.95	+0.154%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.87	+0.132%	$2.7M	$67K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.50	+0.027%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	+0.095%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.89	+0.137%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.202%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.67	+0.076%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.51	+0.031%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.89	+0.137%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.78	+0.107%	$98.7M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.53	+0.036%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.74	+0.095%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.51	+0.031%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.86	+0.129%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.077%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.79	+0.110%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0071%	8h	356.72	+0.091%	$365K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.72	+0.089%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	+0.062%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	356.85	+0.127%	$72.8M	$141.5M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.56	+0.045%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.43	+0.008%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.57	+0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.70	+0.084%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.66	+0.073%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0126%	8h	357.00	+0.168%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.94	+0.152%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	+0.020%	$651K	$234K	20x	as long as short