GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0388%/8h= +42.5% APRnext payment +$0.48 per $10,000 · paid last 24h +0.004%

Price spread now: Ondo Perps against Deribit−0.006%7-day average −0.054% · you buy dearer than you sell

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

Long on Deribit Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.091%−$9 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now −0.006%, 7d avg −0.054%

Together, before fees−0.145%+ Points / potential airdropOndo Perps: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Ondo Perps is 0.048% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.054%. Mind the row above: over the last 5 days funding on this pair cost −0.091%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.091% in total (about -7.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.33	−0.0337	get 0.0042% / 1h	48m 47s	$23K	$154K	10x
Short	Ondo Perps GOOGL-USD.P	357.31	0.0050	get 0.0006% / 1h	48m 47s	$2.3M	$4.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpFee Ondo PerpsbpOrdersPrice spread, now −0.006%Rate

Funding earned: $81.43
Price spread: −0.006% → −0.054%: $4.82
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $74.25
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: Deribit: live order book, 15 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 Deribit live order book, 15 min ago	0.14 bp	8.9 bp −$9	12.5 bp −$125	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 35 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-PERPETUALlong	−0.0337%	1h	357.33	long leg	$23K	$154K	10x
Nado GOOGL-PERP	−0.0069%	1h	357.60	+0.077%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.011%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.55	+0.062%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.62	+0.081%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.080%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.089%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.118%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.85	+0.146%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.77	+0.123%	$2.7M	$75K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.39	+0.017%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0024%	8h	357.81	+0.134%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.081%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.120%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.059%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0036%	8h	357.66	+0.091%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	+0.025%	$203K	$274K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.83	+0.140%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	+0.059%	$99.0M	$22.5M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	357.72	+0.109%	$17.0M	$9.3M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.41	+0.022%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	+0.056%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	357.31	−0.006%	$2.3M	$4.8M	15x
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.72	+0.110%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.66	+0.091%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0056%	8h	357.75	+0.118%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.126%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	+0.040%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.28	−0.014%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	+0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	+0.064%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	+0.067%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	+0.059%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0136%	8h	357.72	+0.109%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	+0.059%	$209K	$1.2M	10x	as long as short