Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0038%/8h= −4.1% APRpaid last 24h −0.036%

Price spread now: Ondo Perps against Aster−0.136%7-day average −0.108% · you buy dearer than you sell

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

Long on Aster 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 4 days (all we have)−0.001%$0 · spread now −0.136%, 7d avg −0.108%

Together, before fees−0.009%+ Points / potential airdropAster: Stage 5 · Ondo Perps: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Ondo Perps is 0.028% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.56	0.0088	pay 0.0088% / 8h	3h 44m	$366K	$426K	20x
Short	Ondo Perps GOOGL-USD.P	357.07	0.0050	get 0.0006% / 1h	44m 04s	$2.3M	$4.8M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Aster. 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 AsterbpFee Ondo PerpsbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$7.94
Price spread: −0.136% → −0.108%: −$2.75
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$23.7
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 8 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 Aster live order book, 8 min ago	3.08 bp	25.3 bp −$25	doesn't fit	doesn't fit	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 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	−0.0086%	1h	357.13	−0.119%	$24K	$155K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.35	−0.058%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.48	−0.021%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.47	−0.024%	$879	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.60	+0.012%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.50	−0.016%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.175%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.13	−0.120%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	−0.046%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.50	−0.016%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.122%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0036%	8h	357.25	−0.086%	$23K	$435K	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.11	−0.125%	$207K	$277K	10x	as long as short
Nado GOOGL-PERP	+0.0041%	1h	357.30	−0.072%	$557K	$80K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.51	−0.013%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.28	−0.077%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	−0.094%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.29	−0.074%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	357.07	−0.136%	$2.3M	$4.8M	15x
QFEX GOOGL-USD	+0.0064%	1h	357.34	−0.060%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDTlong	+0.0088%	8h	357.56	long leg	$366K	$426K	20x
Hotstuff GOOGL-PERP	+0.0096%	1h	357.28	−0.077%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	−0.035%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.114%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.19	−0.102%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	−0.072%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.29	−0.075%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0107%	8h	357.45	−0.030%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.48	−0.021%	$72.5M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.38	−0.050%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0113%	8h	357.42	−0.038%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.20	−0.100%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	−0.019%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	357.59	+0.009%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0264%	1h	357.48	−0.021%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	−0.106%	$208K	$1.2M	10x	as long as short