Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0594%/8h= +65.0% APRpaid last 24h +0.219%

Price spread now: edgeX against Ondo Perps+0.065%7-day average +0.083% · you sell dearer than you buy

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

Long on Ondo Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.118%+$12 · spread now +0.065%, 7d avg +0.083%

Together, before fees+0.116%+ Points / potential airdropOndo Perps: Active · edgeX: Active · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.083%, so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	357.31	0.0050	pay 0.0006% / 1h	49m 14s	$2.3M	$4.8M	15x
Short	edgeX GOOGLUSDC	357.54	0.0644	get 0.0322% / 4h	1h 49m	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.065%Rate

Funding earned: $124.73
Price spread: +0.065% → +0.083%: −$1.84
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $108.89
Costs to cover: 0.140%
Break-even: 0.9 days

Slippage unknown: Ondo Perps: no order-book sample; edgeX: live order book, 5 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 edgeX live order book, 5 min ago	3.22 bp	8.0 bp −$8	11.1 bp −$111	doesn't fit	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 35 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	−0.0337%	1h	357.33	+0.006%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0069%	1h	357.60	+0.082%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.006%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.55	+0.067%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.60	+0.081%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	+0.085%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	+0.094%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.123%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.85	+0.151%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.77	+0.129%	$2.7M	$75K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.39	+0.022%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0026%	8h	357.80	+0.137%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	+0.087%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.76	+0.126%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.053%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0037%	8h	357.64	+0.093%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.42	+0.031%	$203K	$274K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.83	+0.146%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.53	+0.062%	$99.0M	$22.5M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	357.72	+0.115%	$17.0M	$9.3M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.41	+0.028%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	+0.062%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	357.31	long leg	$2.3M	$4.8M	15x
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.74	+0.121%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.64	+0.093%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	357.73	+0.118%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.132%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	+0.047%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.24	−0.020%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	+0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	+0.070%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.57	+0.072%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	+0.064%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0136%	8h	357.71	+0.112%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDCshort	+0.0644%	4h	357.54	+0.065%	$209K	$1.2M	10x