Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against Polymarket Perps−0.106%50s7-day average −0.034% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.088%−$9 · spread now −0.106%, 7d avg −0.034%

Together, before fees−0.096%+ Points / potential airdropOndo Perps: Active · farm board−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.073% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.034%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps GOOG-USD	357.26	0.0050	pay 0.0006% / 1h	7m 39s	$719K	$508K	10x
Short	Ondo Perps GOOGL-USD.P	356.88	0.0050	get 0.0006% / 1h	7m 39s	$2.3M	$3.6M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Polymarket PerpsbpFee Ondo PerpsbpOrdersPrice spread, now −0.106%Rate

Funding earned: $0.08
Price spread: −0.106% → −0.034%: −$7.26
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$20.18
Costs to cover: 0.130%
Break-even: 1688.5 days

Slippage unknown: Polymarket Perps: live order book, 33 min ago; Ondo Perps: no order-book sample. 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 Polymarket Perps live order book, 33 min ago	2.24 bp	6.5 bp −$7	8.3 bp −$83	9.4 bp −$939	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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 exchanges

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	−0.0016%	1h	356.94	−0.090%	$531K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.39	+0.036%	$11.7M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.38	+0.034%	$13.4M	$13.3M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.30	+0.011%	$3.7M	$6.3M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.29	+0.007%	$5.0M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.36	+0.027%	$12K	$451K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.43	+0.048%	$2K	$3.4M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.58	+0.090%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	+0.050%	$2.7M	$116K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.39	+0.036%	$1.4M	$1.9M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0033%	1h	357.33	+0.021%	$144K	$40K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.039%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0034%	8h	357.57	+0.087%	$369K	$41K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.38	+0.034%	—	$5K	25x	as long as short
Bitget GOOGLUSDT	+0.0047%	8h	357.38	+0.034%	$18.1M	$9.5M	100x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.29	+0.007%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0050%	8h	357.42	+0.045%	$73.0M	$141.5M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.22	−0.011%	$98.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USDlong	+0.0050%	1h	357.26	long leg	$719K	$508K	10x
SoDEX GOOGL-USD	+0.0050%	1h	357.22	−0.011%	$92	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.88	−0.106%	$2.3M	$3.6M	15x
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.24	−0.007%	$293	—	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.30	+0.011%	$1.3M	$4.0M	10x	as long as short
Nado GOOGL-PERP	+0.0084%	1h	357.21	−0.015%	$549K	$85K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.03	−0.063%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.96	−0.084%	$3.0M	$365K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.02	−0.067%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	+0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.28	+0.007%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	357.34	+0.022%	$2.0M	$2.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0136%	1h	357.09	−0.048%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0168%	8h	357.49	+0.064%	$689K	$226K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.26	0.000%	$29K	$143K	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.23	−0.008%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.20	−0.017%	$212K	$204K	10x	as long as short
edgeX GOOGLUSDC	+0.0972%	4h	357.32	+0.016%	$207K	$1.2M	10x	as long as short