Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +11.0% APRpaid last 24h +0.074%

Price spread now: BloFin against Ondo Perps+0.070%7-day average +0.106% · you sell dearer than you buy

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.236%+$24 · spread now +0.070%, 7d avg +0.106%

Together, before fees+0.489%+ Points / potential airdropOndo Perps: Active · farm board+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.036% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.106%). If the spread goes back, that is −$4 on $10k: about 29 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	357.44	0.0050	pay 0.0006% / 1h	24m 30s	$2.2M	$4.8M	15x
Short	BloFin GOOGL-USDT	357.69	0.0151	get 0.0151% / 8h	5h 24m	$697K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.070%Rate

Funding earned: $21.04
Price spread: +0.070% → +0.106%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: $0.46
Costs to cover: 0.170%
Break-even: 6.8 days

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 17 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 BloFin live order book, 17 min ago	0.14 bp	6.1 bp −$6	7.3 bp −$73	14.3 bp −$1,431	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 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
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	+0.006%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0050%	1h	357.55	+0.031%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.41	−0.008%	$23K	$154K	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.51	+0.020%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	+0.042%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	+0.062%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.084%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.081%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.109%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.090%	$2.7M	$78K	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	+0.0004%	1h	357.58	+0.039%	$144K	$50K	10x	as long as short
Aster GOOGLUSDT	+0.0017%	8h	357.62	+0.050%	$366K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0021%	8h	357.81	+0.104%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.062%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.73	+0.081%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.090%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0037%	8h	357.72	+0.079%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.65	+0.058%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	+0.006%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	+0.098%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.51	+0.020%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.43	−0.003%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	+0.022%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.44	long leg	$2.2M	$4.8M	15x
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.68	+0.066%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0073%	8h	357.76	+0.090%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	+0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	+0.017%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	+0.031%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.55	+0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	+0.033%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	357.72	+0.078%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.076%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.75	+0.087%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDTshort	+0.0151%	8h	357.69	+0.070%	$697K	$234K	20x
edgeX GOOGLUSDC	+0.0632%	4h	357.66	+0.062%	$209K	$1.2M	10x	as long as short