Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.032%

Price spread now: Orderly against Deribit+0.033%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Orderly

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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.033% dearer against Deribit 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	Deribit GOOGL_USDC-PERPETUAL	358.22	0	get 0.0000% / 1h	52m 57s	$24K	$150K	10x
Short	Orderly PERP_GOOGL_USDC	358.34	0.0100	get 0.0100% / 8h	6h 52m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Deribit. 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 DeribitbpFee OrderlybpOrdersPrice spread, now +0.033%Rate

Funding earned: $21
Price spread: +0.033% → 0.000%: $3.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $11.35
Costs to cover: 0.130%
Break-even: 3.2 days

Slippage unknown: Deribit: live order book, 40 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 Deribit live order book, 40 min ago	0.14 bp	10.0 bp −$10	11.6 bp −$116	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
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.32	+0.028%	$514K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.49	+0.075%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.31	+0.025%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.59	+0.103%	$17.4M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.62	+0.110%	$5.0M	$2.5M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.45	+0.064%	$1K	$3.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	0.0000%	1h	358.22	long leg	$24K	$150K	10x
HTX GOOGL-USDT	0.0000%	8h	358.55	+0.092%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.55	+0.092%	$2.7M	$100K	10x	as long as short
Aster GOOGLUSDT	+0.0009%	8h	358.36	+0.039%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0017%	8h	358.50	+0.078%	$11.5M	$7.4M	100x	as long as short
Extended GOOGL-USD	+0.0024%	1h	358.45	+0.064%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0027%	8h	358.55	+0.092%	$72.7M	$142.2M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.40	+0.050%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.40	+0.050%	$1.4M	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	358.27	+0.014%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.307%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.59	+0.103%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.50	+0.078%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.39	+0.047%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.30	+0.022%	$98.1M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.27	+0.014%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.27	+0.014%	$125	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.20	−0.006%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0057%	1h	358.23	+0.003%	$551K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	358.36	+0.038%	$294	$253	5x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.25	+0.008%	$211K	$283K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0089%	8h	358.14	−0.022%	$3.0M	$187K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.39	+0.048%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.25	+0.008%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	358.34	+0.033%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	358.31	+0.025%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0109%	8h	358.52	+0.084%	$689K	$237K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.32	+0.028%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	358.53	+0.087%	$2.0M	$1.9M	20x	as long as short
edgeX GOOGLUSDC	+0.0698%	4h	358.44	+0.061%	$209K	$1.2M	10x	as long as short