Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.014%

Price spread now: Orderly against Extended−0.021%7-day average — · you buy dearer than you sell

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

Long on Extended 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—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.021% cheaper against Extended than usual: you would sell low and buy high (−$2 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	Extended GOOGL-USD	356.60	0.0136	pay 0.0017% / 1h	47m 12s	$428K	$1.7M	20x
Short	Orderly PERP_GOOGL_USDC	356.53	0.0100	get 0.0100% / 8h	7h 47m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Extended. 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 ExtendedbpFee OrderlybpOrdersPrice spread, now −0.021%Rate

Funding earned: −$7.56
Price spread: −0.021% → 0.000%: −$2.1
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.66
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago	0.14 bp	3.5 bp −$4	12.5 bp −$125	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
Gate GOOGL_USDT	0.0000%	8h	356.56	−0.013%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.021%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.37	−0.066%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.77	+0.046%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.64	+0.010%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.41	−0.054%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	+0.024%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDC	+0.0028%	4h	356.60	−0.001%	$210K	$1.2M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.018%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	−0.074%	$529K	$1.1M	10x	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	+0.144%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.67	+0.018%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.38	−0.063%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.46	−0.041%	$98.2M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.44	−0.046%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.39	−0.060%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.125%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.56	−0.013%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	+0.007%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0081%	1h	356.44	−0.045%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0094%	8h	356.59	−0.005%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.018%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.16	−0.125%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.46	−0.041%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.53	−0.021%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.54	−0.019%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	356.59	−0.004%	$2.1M	$1.1M	20x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.77	+0.046%	$365K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.64	+0.010%	$73.2M	$142.4M	50x	as long as short
Extended GOOGL-USDlong	+0.0136%	1h	356.60	long leg	$428K	$1.7M	20x
Bitget GOOGLUSDT	+0.0142%	8h	356.60	−0.001%	$16.9M	$9.2M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.33	−0.077%	$137K	$48K	20x	as long as short
Bybit GOOGLUSDT	+0.0189%	8h	356.72	+0.032%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0199%	8h	356.68	+0.021%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.70	+0.027%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.42	−0.052%	$202K	$271K	10x	as long as short