Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.014%

Price spread now: Coinbase International against Orderly−0.006%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Coinbase International

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: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	356.24	0.0100	pay 0.0100% / 8h	6h 57m	$10K	$10K	20x
Short	Coinbase International GOOGL-PERP-INTX	356.22	−0.0024	pay 0.0003% / 1h	57m 30s	$528K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Orderly. 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 OrderlybpFee Coinbase InternationalbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$26.04
Price spread: −0.006% → 0.000%: −$0.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.6
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Coinbase International: live order book, 1 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 Orderly no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	0.14 bp	5.7 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit

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 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	−0.0115%	1h	356.04	−0.056%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTXshort	−0.0024%	1h	356.22	−0.006%	$528K	$1.1M	10x
Nado GOOGL-PERP	−0.0006%	1h	356.25	+0.002%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.34	+0.028%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	+0.060%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.40	+0.045%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.37	+0.036%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.087%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.19	−0.015%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0016%	8h	356.44	+0.056%	$16.9M	$9.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.048%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.35	+0.031%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.45	+0.059%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.247%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.33	+0.025%	$1.3M	$4.6M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.22	−0.006%	$202K	$271K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	+0.059%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.19	−0.014%	$98.3M	$22.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.017%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	−0.014%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.22	−0.006%	$2.2M	$4.8M	15x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	356.43	+0.053%	$11.5M	$7.5M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.19	−0.014%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.38	+0.038%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0077%	8h	356.55	+0.086%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.33	+0.026%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.41	+0.048%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.38	+0.039%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.12	−0.034%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	356.24	long leg	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.28	+0.012%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.017%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.50	+0.073%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	356.49	+0.070%	$647K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0774%	4h	356.43	+0.054%	$209K	$1.2M	10x	as long as short