Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8hnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Gate against Orderly−0.048%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 Gate

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.048% cheaper against Orderly than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	356.57	0.0100	pay 0.0100% / 8h	4h 23m	$11K	$9K	20x
Short	Gate GOOGL_USDT	356.40	0	get 0.0000% / 8h	4h 23m	$3.6M	$7.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: −$21
Price spread: −0.048% → 0.000%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$46.77
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Gate: live order book, 9 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 Gate live order book, 9 min ago	1.83 bp	13.3 bp −$13	23.8 bp −$238	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
Bybit GOOGLUSDT	0.0000%	8h	356.57	0.000%	$11.3M	$7.1M	100x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.40	−0.048%	$3.6M	$7.2M	100x
Variational Omni GOOGL	0.0000%	8h	356.68	+0.032%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.056%	$23K	$521K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.76	+0.053%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.46	−0.031%	$23K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.87	+0.084%	$115K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.79	+0.062%	$2.7M	$58K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0012%	8h	356.56	−0.003%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0015%	8h	356.48	−0.026%	$362K	$482K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	356.48	−0.026%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	356.55	−0.006%	$73.1M	$135.8M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.65	+0.022%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.154%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.53	−0.011%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.66	+0.025%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.43	−0.039%	$98.3M	$25.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.39	−0.050%	$691K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.44	−0.036%	$213	$43K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.073%	$2.2M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.59	+0.006%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0055%	1h	356.77	+0.057%	$557K	$78K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.379%	$518K	$1.0M	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.34	−0.065%	$137K	$48K	20x	as long as short
Bitget GOOGLUSDT	+0.0094%	8h	356.51	−0.017%	$17.1M	$8.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0095%	1h	356.21	−0.100%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.008%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.23	−0.095%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	+0.014%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	356.57	long leg	$11K	$9K	20x
Lighter GOOGL	+0.0104%	1h	356.67	+0.028%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.56	−0.002%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0108%	8h	356.66	+0.025%	$700K	$220K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0176%	1h	356.43	−0.039%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.39	−0.050%	$202K	$302K	10x	as long as short
edgeX GOOGLUSDC	+0.0834%	4h	356.80	+0.064%	$208K	$1.1M	10x	as long as short