Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h +0.038%

Price spread now: Binance against Ondo Perps+0.106%56s7-day average +0.102% · you sell dearer than you buy

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

Long on Ondo Perps Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 2 days (all we have)+0.007%+$1 · spread now +0.106%, 7d avg +0.102%

Together, before fees+0.018%+ Points / potential airdropOndo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.102%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 56 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	Ondo Perps GOOGL-USD.P	356.86	0.0050	pay 0.0006% / 1h	13m 46s	$2.3M	$4.9M	15x
Short	Binance GOOGLUSDT	357.24	0.0074	get 0.0074% / 8h	6h 13m	$72.8M	$141.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Ondo Perps. 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 Ondo PerpsbpFee BinancebpOrdersPrice spread, now +0.106%Rate

Funding earned: $4.9
Price spread: +0.106% → +0.102%: $0.48
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.62
Costs to cover: 0.150%
Break-even: 20.7 days

Slippage unknown: Ondo Perps: no order-book sample; Binance: live order book, 14 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.14 bp	5.2 bp −$5	7.8 bp −$78	23.2 bp −$2,321	doesn't fit

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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.86	0.000%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0022%	1h	357.04	+0.050%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.17	+0.087%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.15	+0.081%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	+0.053%	$23K	$438K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	+0.104%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.03	+0.048%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.33	+0.132%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.21	+0.098%	$2.7M	$73K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	356.88	+0.007%	$144K	$51K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GOOGLUSDT	+0.0011%	8h	357.23	+0.104%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.24	+0.106%	$1.3M	$2.4M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.073%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.13	+0.076%	$1.3M	$4.4M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.96	+0.028%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.123%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.08	+0.062%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.09	+0.064%	$98.9M	$22.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	+0.014%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.10	+0.067%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.86	long leg	$2.3M	$4.9M	15x
Aster GOOGLUSDT	+0.0053%	8h	357.08	+0.062%	$365K	$458K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.17	+0.087%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.15	+0.081%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDTshort	+0.0074%	8h	357.24	+0.106%	$72.8M	$141.5M	50x
Lighter GOOGL	+0.0080%	1h	357.24	+0.106%	$2.1M	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.14	+0.078%	$137K	$36K	20x	as long as short
Bybit GOOGLUSDT	+0.0091%	8h	357.29	+0.120%	$11.6M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	+0.028%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.76	−0.028%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.01	+0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.03	+0.048%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.02	+0.045%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0164%	8h	357.19	+0.092%	$13.8M	$12.7M	50x	as long as short
edgeX GOOGLUSDC	+0.0399%	4h	357.01	+0.043%	$208K	$1.2M	10x	as long as short