Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0581%/8h= +63.7% APRpaid last 24h +0.219%

Price spread now: edgeX against Ondo Perps+0.048%7-day average +0.083% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.119%+$12 · spread now +0.048%, 7d avg +0.083%

Together, before fees+0.118%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.035% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.048% now, against its 7-day average of +0.083%). If the spread goes back, that is −$4 on $10k: about 5 hours of funding at the current rate (+$17 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. 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	Ondo Perps GOOGL-USD.P	357.49	0.0050	pay 0.0006% / 1h	25m 04s	$2.2M	$4.8M	15x
Short	edgeX GOOGLUSDC	357.66	0.0632	get 0.0316% / 4h	1h 25m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.048%Rate

Funding earned: $122.11
Price spread: +0.048% → +0.083%: −$3.51
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $104.6
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 4 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 edgeX live order book, 4 min ago	3.36 bp	8.1 bp −$8	11.4 bp −$114	doesn't fit	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	−0.008%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0051%	1h	357.56	+0.021%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.41	−0.022%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.60	+0.031%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	+0.048%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.070%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.067%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.095%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.076%	$2.7M	$78K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	+0.025%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0018%	8h	357.63	+0.039%	$366K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0019%	8h	357.81	+0.090%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.048%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.073%	$1.3M	$2.3M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	357.52	+0.008%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.103%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.73	+0.067%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.63	+0.040%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.008%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	+0.084%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	+0.003%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.43	−0.017%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	+0.008%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.49	long leg	$2.2M	$4.8M	15x
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.69	+0.055%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0074%	8h	357.77	+0.078%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.002%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	+0.003%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.55	+0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	+0.019%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0109%	8h	357.74	+0.070%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.062%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.77	+0.078%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0151%	8h	357.69	+0.056%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDCshort	+0.0632%	4h	357.66	+0.048%	$209K	$1.2M	10x