Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0128%/8h= +14.0% APRpaid last 24h +0.051%

Price spread now: OKX against Ondo Perps+0.070%7-day average +0.122% · you sell dearer than you buy

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

Long on Ondo Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.090%+$9 · spread now +0.070%, 7d avg +0.122%

Together, before fees+0.097%+ Points / potential airdropOndo Perps: Active · farm board+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.052% cheaper against Ondo Perps than usual: you would sell low and buy high (spread +0.070% now, against its 7-day average of +0.122%). If the spread goes back, that is −$5 on $10k: about 32 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.007% in total) that is about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	356.16	0.0050	pay 0.0006% / 1h	59m 40s	$2.2M	$4.8M	15x
Short	OKX GOOGL-USDT-SWAP	356.41	0.0178	get 0.0178% / 8h	6h 59m	$13.8M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $26.81
Price spread: +0.070% → +0.122%: −$5.18
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: $6.63
Costs to cover: 0.150%
Break-even: 5.3 days

Slippage unknown: Ondo Perps: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.14 bp	6.6 bp −$7	12.3 bp −$123	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
Deribit GOOGL_USDC-PERPETUAL	−0.0171%	1h	356.07	−0.025%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.37	+0.059%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.088%	$23K	$455K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.41	+0.070%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.115%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.49	+0.093%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.20	+0.011%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0020%	8h	356.44	+0.079%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.071%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.41	+0.070%	$2.1M	$1.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.50	+0.095%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	+0.017%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	+0.0033%	1h	356.31	+0.043%	$556K	$80K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.270%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.093%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.22	+0.017%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.21	+0.014%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.21	+0.014%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.16	long leg	$2.2M	$4.8M	15x
QFEX GOOGL-USD	+0.0064%	1h	356.36	+0.056%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.43	+0.075%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	356.50	+0.095%	$11.5M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.57	+0.114%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.40	+0.068%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.48	+0.091%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.23	+0.019%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.19	+0.008%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.27	+0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.31	+0.041%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.039%	$137K	$48K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0168%	1h	356.24	+0.022%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0178%	8h	356.41	+0.070%	$13.8M	$12.7M	50x
BloFin GOOGL-USDT	+0.0220%	8h	356.45	+0.081%	$647K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	+0.022%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	+0.071%	$209K	$1.2M	10x	as long as short