Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.011%

Price spread now: Orderly against Injective−0.017%58s7-day average — · you buy dearer than you sell

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

Long on Injective 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 58 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	Injective GOOGL/USDC PERP	357.12	0.0033	pay 0.0004% / 1h	44m 03s	$128K	$45K	30x
Short	Orderly PERP_GOOGL_USDC	357.06	0.0100	get 0.0100% / 8h	4h 44m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Injective. 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 InjectivebpFee OrderlybpOrdersPrice spread, now −0.017%Rate

Funding earned: $14
Price spread: −0.017% → 0.000%: −$1.68
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.3
Costs to cover: 0.060%
Break-even: 3.9 days

Slippage unknown: Injective: live order book, 62 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 Injective live order book, 62 min ago	10.05 bp	10.1 bp −$10	10.1 bp −$101	57277.3 bp −$5.73M	326385.9 bp −$163.19M
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 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	−0.0072%	1h	357.34	+0.062%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	−0.014%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.22	+0.028%	$11.6M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.17	+0.014%	$13.4M	$13.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	−0.003%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.29	+0.048%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.05	−0.018%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.28	+0.044%	$12K	$461K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.27	+0.042%	$2K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.00	−0.034%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.36	+0.067%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.27	+0.042%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0024%	8h	357.20	+0.024%	$367K	$420K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.10	−0.006%	$144K	$41K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.24	+0.034%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERPlong	+0.0033%	1h	357.12	long leg	$128K	$45K	30x
Extended GOOGL-USD	+0.0040%	1h	357.14	+0.006%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0042%	8h	357.26	+0.039%	$72.9M	$145.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.99	−0.036%	$97.9M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.09	−0.008%	$719K	$519K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.99	−0.036%	$104	$46K	10x	as long as short
Nado GOOGL-PERP	+0.0050%	1h	357.00	−0.033%	$549K	$86K	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.75	−0.104%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.09	−0.007%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.16	+0.011%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.11	−0.002%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.88	−0.067%	$3.0M	$325K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.025%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	357.06	−0.017%	$10K	$11K	20x
Lighter GOOGL	+0.0104%	1h	357.18	+0.017%	$2.0M	$2.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.033%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0164%	8h	357.26	+0.039%	$694K	$231K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.02	−0.028%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.02	−0.028%	$212K	$217K	10x	as long as short
edgeX GOOGLUSDC	+0.0315%	4h	357.18	+0.018%	$208K	$1.2M	10x	as long as short