Spread before costs (cost unknown: a leg has no order-book sample)−0.064%
7d average—if it closes, per $10,000$6funding while held, a day−$1.50
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_GOOGL_USDC | 356.66 | 0.0100 | pay 0.0100% / 8h | 26m 50s | $11K | $10K | 20x |
| Short | Polymarket Perps GOOG-USD | 356.43 | 0.0050 | get 0.0006% / 1h | 26m 50s | $663K | $401K | 10x |
Orderly PERP_GOOGL_USDC
Polymarket Perps GOOG-USDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$6.45
- Funding while held
- −$1.5
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$21.95
- Spread needed to break even
- 0.140%
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 22 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0050%
- Per $10,000 a day
- −$1.50
- Average in range /8h
- —
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 22 min ago | 2.26 bp | 6.3 bp −$6 | 6.9 bp −$69 | 8.1 bp −$806 | doesn't fit |
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 price on every exchange
against the cheapest. Click to use as the short leg.Ondo Perps356.00cheapestAftermath Perps356.18+0.051%KuCoin356.33+0.093%Pacifica356.36+0.102%ApeX Omni356.37+0.104%Coinbase International356.38+0.107%
Ondo Perps
KuCoin
Pacifica
ApeX Omni
Coinbase InternationalPolymarket Perps356.43+0.121%
tradeXYZ356.45+0.126%Hotstuff356.45+0.126%Nado356.46+0.130%QFEX356.47+0.132%edgeX356.48+0.135%Aster356.50+0.140%Arcus356.50+0.140%Phoenix356.52+0.146%Extended356.54+0.151%Gate356.54+0.152%Paradex356.54+0.153%Bybit356.56+0.157%Bitget356.56+0.157%SoDEX356.58+0.163%Binance356.61+0.170%Lighter RH356.61+0.171%BloFin356.61+0.171%Lighter356.63+0.177%OKX356.63+0.177%Aevo356.65+0.182%
tradeXYZ
Hotstuff
Nado
QFEX
Aster
Arcus
Phoenix
Extended
Gate
Paradex
Bybit
Bitget
SoDEX
Binance
Lighter RH
BloFin
Lighter
OKX
AevoOrderly356.66+0.185%
Deribit356.66+0.185%Vest356.68+0.191%Phemex356.69+0.194%Variational Omni356.76+0.214%SunX356.77+0.216%HTX356.89+0.250%Injective357.12+0.315%
Deribit
Vest
Phemex
Variational Omni
SunX
HTX
InjectiveGOOGL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Ondo Perps GOOGL-USD.P | −0.185% | +0.0050% | 1h | $2.4M | $3.8M | 15x | as long as short |
| Aftermath Perps GOOGLUSD | −0.134% | +0.0142% | 1h | $144K | $56K | 10x | as long as short |
| KuCoin GOOGLUSDTM | −0.093% | +0.0100% | 8h | $3.0M | $63K | 20x | as long as short |
| Pacifica GOOGL | −0.083% | +0.0100% | 1h | $44K | $42K | 10x | as long as short |
| ApeX Omni GOOGLUSDT | −0.081% | +0.0100% | 1h | $21K | $26K | 50x | as long as short |
| Coinbase International GOOGL-PERP-INTX | −0.079% | +0.0056% | 1h | $535K | $896K | 10x | as long as short |
| Polymarket Perps GOOG-USDshort | −0.064% | +0.0050% | 1h | $663K | $401K | 10x | |
| tradeXYZ xyz:GOOGL | −0.059% | +0.0050% | 1h | $99.2M | $22.1M | 20x | as long as short |
| Hotstuff GOOGL-PERP | −0.059% | +0.0192% | 1h | $33K | — | 20x | as long as short |
| Nado GOOGL-PERP | −0.055% | +0.0099% | 1h | $585K | $55K | 20x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| QFEX GOOGL-USD | −0.053% | +0.0030% | 1h | $1.3M | $2.9M | 10x | as long as short |
| edgeX GOOGLUSDC | −0.051% | +0.0934% | 4h | $209K | $885K | 10x | as long as short |
| Aster GOOGLUSDT | −0.046% | +0.0197% | 8h | $369K | $531K | 20x | as long as short |
| Arcus GOOGL-USD | −0.045% | +0.0040% | 1h | $201K | $263K | 10x | as long as short |
| Phoenix GOOGL | −0.039% | +0.0090% | 1h | $137K | $48K | 20x | as long as short |
| Extended GOOGL-USD | −0.034% | +0.0192% | 1h | $421K | $1.7M | 20x | as long as short |
| Gate GOOGL_USDT | −0.034% | 0.0000% | 8h | $3.6M | $5.8M | 100x | as long as short |
| Paradex GOOGL-USD-PERP | −0.033% | +0.0058% | 8h | $292 | $253 | 5x | as long as short |
| Bybit GOOGLUSDT | −0.028% | +0.0157% | 8h | $11.3M | $6.4M | 100x | as long as short |
| Bitget GOOGLUSDT | −0.028% | +0.0150% | 8h | $17.1M | $7.4M | 100x | as long as short |
| SoDEX GOOGL-USD | −0.022% | +0.0050% | 1h | $192 | $31K | 10x | as long as short |
| Binance GOOGLUSDT | −0.015% | +0.0193% | 8h | $78.4M | $98.6M | 50x | as long as short |
| Lighter RH GOOGL | −0.014% | +0.0032% | 1h | $1.3M | $2.6M | 20x | as long as short |
| BloFin GOOGL-USDT | −0.014% | +0.0314% | 8h | $712K | $153K | 20x | as long as short |
| Lighter GOOGL | −0.008% | +0.0128% | 1h | $2.1M | $973K | 20x | as long as short |
| OKX GOOGL-USDT-SWAP | −0.008% | +0.0151% | 8h | $13.7M | $11.0M | 50x | as long as short |
| Aevo GOOGL-PERP | −0.003% | +0.0104% | 1h | $25K | — | 10x | as long as short |
| Orderly PERP_GOOGL_USDClong | 0.000% | +0.0100% | 8h | $11K | $10K | 20x | |
| Deribit GOOGL_USDC-PERPETUAL | 0.000% | 0.0000% | 1h | $23K | $139K | 10x | as long as short |
| Vest GOOGL-USD-PERP | +0.006% | +0.0046% | 1h | — | $3K | 25x | as long as short |
| Phemex GOOGLUSDT | +0.008% | 0.0000% | 4h | $2.7M | $49K | 10x | as long as short |
| Variational Omni GOOGL | +0.028% | +0.0139% | 8h | $4.3M | $2.3M | — | as long as short |
| SunX GOOGL-USDT | +0.031% | 0.0000% | 8h | $1K | $3.9M | 20x | as long as short |
| HTX GOOGL-USDT | +0.064% | 0.0000% | 8h | $118K | $220K | 30x | as long as short |
| Injective GOOGL/USDC PERP | +0.129% | +0.0220% | 1h | $128K | $135K | 30x | as long as short |