Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.013%

Price spread now: tradeXYZ against Orderly−0.006%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	356.81	0.0100	pay 0.0100% / 8h	1h 23m	$10K	$11K	20x
Short	tradeXYZ xyz:GOOGL	356.79	0.0050	get 0.0006% / 1h	23m 57s	$98.1M	$21.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against Orderly. 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 OrderlybpFee tradeXYZbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$10.5
Price spread: −0.006% → 0.000%: −$0.56
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$35.06
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; tradeXYZ: live order book, 6 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 Orderly no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 6 min ago	0.14 bp	9.1 bp −$9	doesn't fit	doesn't fit	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 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	−0.0024%	1h	356.60	−0.059%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.96	+0.042%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.85	+0.011%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.03	+0.062%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.93	+0.034%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.92	+0.031%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.99	+0.050%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.014%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.06	+0.070%	$114K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.05	+0.067%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0020%	1h	356.68	−0.036%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0024%	8h	357.09	+0.080%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0028%	1h	356.82	+0.002%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.93	+0.034%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.087%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.90	+0.025%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.68	−0.036%	$207K	$278K	10x	as long as short
Binance GOOGLUSDT	+0.0045%	8h	357.00	+0.054%	$72.0M	$143.8M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.07	+0.073%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.91	+0.029%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGLshort	+0.0050%	1h	356.79	−0.006%	$98.1M	$21.4M	20x
Polymarket Perps GOOG-USD	+0.0050%	1h	356.71	−0.028%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.81	0.000%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.60	−0.059%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.96	+0.041%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	356.80	−0.003%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.86	+0.014%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.93	+0.033%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.062%	$3.0M	$101K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.82	+0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	356.81	long leg	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.85	+0.011%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0120%	1h	356.97	+0.045%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0151%	8h	356.98	+0.048%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.00	+0.053%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0929%	4h	356.89	+0.021%	$208K	$1.2M	10x	as long as short