Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.050%

Price spread now: BloFin against Ondo Perps+0.137%7-day average +0.107% · you sell dearer than you buy

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

Long on Ondo Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.137%, 7d avg +0.107%

Together, before fees+0.429%+ Points / potential airdropOndo Perps: Active · farm board+$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.030% dearer against Ondo Perps than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	357.18	0.0050	pay 0.0006% / 1h	34m 58s	$2.3M	$4.1M	15x
Short	BloFin GOOGL-USDT	357.67	0.0087	get 0.0087% / 8h	7h 34m	$686K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Ondo 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 Ondo PerpsbpFee BloFinbpOrdersPrice spread, now +0.137%Rate

Funding earned: $7.79
Price spread: +0.137% → +0.107%: $3.03
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.18
Costs to cover: 0.170%
Break-even: 12.6 days

Slippage unknown: Ondo Perps: no order-book sample; BloFin: live order book, 42 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell BloFin live order book, 42 min ago	0.14 bp	6.3 bp −$6	7.6 bp −$76	18.1 bp −$1,815	doesn't fit

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
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	357.28	+0.028%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.82	+0.179%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.71	+0.148%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.126%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.80	+0.174%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.63	+0.125%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.109%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	+0.146%	$1K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.49	+0.087%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.171%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.72	+0.151%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0022%	8h	357.74	+0.157%	$72.3M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.63	+0.126%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.48	+0.084%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.115%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.017%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.57	+0.109%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	+0.034%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	+0.067%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	+0.151%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.49	+0.087%	$98.4M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	+0.050%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	+0.081%	$118	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.18	long leg	$2.3M	$4.1M	15x
Nado GOOGL-PERP	+0.0054%	1h	357.45	+0.076%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.58	+0.111%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0058%	8h	357.24	+0.017%	$3.0M	$143K	20x	as long as short
Bybit GOOGLUSDT	+0.0072%	8h	357.71	+0.148%	$11.5M	$7.6M	100x	as long as short
BloFin GOOGL-USDTshort	+0.0087%	8h	357.67	+0.137%	$686K	$234K	20x
Phoenix GOOGL	+0.0090%	1h	357.36	+0.050%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	+0.054%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	+0.053%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.53	+0.098%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.49	+0.086%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0208%	1h	357.63	+0.126%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0385%	4h	357.49	+0.088%	$209K	$1.2M	10x	as long as short