Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h +0.013%

Price spread now: Orderly against Aftermath Perps+0.028%7-day average — · you sell dearer than you buy

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

Long on Aftermath Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.028% dearer against Aftermath Perps than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps GOOGLUSD	357.20	0.0020	pay 0.0002% / 1h	10m 43s	$144K	$47K	10x
Short	Orderly PERP_GOOGL_USDC	357.30	0.0100	get 0.0100% / 8h	2h 10m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Aftermath 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 Aftermath PerpsbpFee OrderlybpOrdersPrice spread, now +0.028%Rate

Funding earned: $16.9
Price spread: +0.028% → 0.000%: $2.83
Slippage, 4 orders: no order book: not counted
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Orderly: 3 bp × 2 orders: −$6
Net: $4.73
Costs to cover: 0.150%
Break-even: 5.0 days

Slippage unknown: Aftermath Perps: live order book, 38 min ago; Orderly: 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 Aftermath Perps live order book, 38 min ago	7.90 bp	14.4 bp −$14	25.2 bp −$252	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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
Nado GOOGL-PERP	−0.0022%	1h	357.34	+0.039%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.41	+0.059%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.36	+0.045%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.53	+0.093%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.071%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.32	+0.034%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.52	+0.090%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.27	+0.020%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.65	+0.126%	$115K	$214K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.51	+0.087%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.089%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSDlong	+0.0020%	1h	357.20	long leg	$144K	$47K	10x
Lighter RH GOOGL	+0.0032%	1h	357.43	+0.065%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.022%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.17	−0.008%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.61	+0.115%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.40	+0.056%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0047%	8h	357.53	+0.093%	$366K	$426K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.21	+0.003%	$98.3M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	+0.006%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.28	+0.023%	$160	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.003%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.45	+0.072%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.45	+0.070%	$72.1M	$143.7M	50x	as long as short
Extended GOOGL-USD	+0.0072%	1h	357.39	+0.053%	$422K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.26	+0.018%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.95	−0.070%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.26	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	357.30	+0.028%	$10K	$11K	20x
Lighter GOOGL	+0.0104%	1h	357.45	+0.070%	$2.0M	$1.3M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.35	+0.043%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	357.19	−0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.25	+0.014%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0188%	8h	357.49	+0.081%	$688K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.55	+0.098%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0494%	4h	357.41	+0.060%	$208K	$1.2M	10x	as long as short