Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: Orderly against SoDEX+0.028%7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.028% dearer against SoDEX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX GOOGL-USD	356.96	0.0050	pay 0.0006% / 1h	49m 10s	$103	$46K	10x
Short	Orderly PERP_GOOGL_USDC	357.06	0.0100	get 0.0100% / 8h	4h 49m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SoDEX. 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 SoDEXbpFee OrderlybpOrdersPrice spread, now +0.028%Rate

Funding earned: $10.5
Price spread: +0.028% → 0.000%: $2.8
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$0.7
Costs to cover: 0.140%
Break-even: 7.5 days

Slippage unknown: SoDEX: no order-book sample; 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 SoDEX no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

SoDEX and 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 exchanges

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
Hotstuff GOOGL-PERP	−0.0072%	1h	357.34	+0.106%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	+0.031%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.18	+0.062%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.14	+0.050%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.06	+0.028%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.16	+0.056%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.44	+0.135%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.51	+0.154%	$12K	$463K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.16	+0.056%	$1K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.91	−0.014%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.25	+0.081%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	+0.134%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0031%	8h	357.30	+0.096%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.15	+0.053%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.16	+0.057%	$144K	$41K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0036%	1h	357.07	+0.031%	$550K	$86K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	+0.090%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.06	+0.027%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0048%	8h	357.19	+0.066%	$72.9M	$146.0M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.98	+0.006%	$97.9M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.04	+0.022%	$719K	$523K	10x	as long as short
SoDEX GOOGL-USDlong	+0.0050%	1h	356.96	long leg	$103	$46K	10x
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	+0.064%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.17	+0.058%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.16	+0.056%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	−0.001%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.06	+0.028%	$3.0M	$322K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.27	+0.087%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	357.06	+0.028%	$10K	$11K	20x
Lighter GOOGL	+0.0104%	1h	357.15	+0.053%	$2.0M	$2.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.09	+0.036%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0169%	8h	357.20	+0.067%	$691K	$230K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.26	+0.084%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.05	+0.025%	$212K	$217K	10x	as long as short
edgeX GOOGLUSDC	+0.0526%	4h	357.47	+0.144%	$208K	$1.2M	10x	as long as short