Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0050%/8hpaid last 24h −0.007%

Price spread now: Ondo Perps against Variational Omni−0.105%7-day average −0.113% · you buy dearer than you sell

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

Long on Variational Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.105%, 7d avg −0.113%

Together, before fees+0.021%+ Points / potential airdropVariational Omni: Active · Ondo Perps: Active · farm board+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.113%, 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	Variational Omni GOOGL	356.68	0	get 0.0000% / 8h	4h 23m	$4.3M	$2.3M	—
Short	Ondo Perps GOOGL-USD.P	356.31	0.0050	get 0.0006% / 1h	23m 23s	$2.2M	$4.7M	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Variational Omni. 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 Variational OmnibpFee Ondo PerpsbpOrdersPrice spread, now −0.105%Rate

Funding earned: $10.58
Price spread: −0.105% → −0.113%: $0.81
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: $6.39
Costs to cover: 0.050%
Break-even: 2.8 days

Slippage unknown: Variational Omni: RFQ quote, just now; Ondo Perps: 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 Variational Omni RFQ quote, just now	2.62 bp	doesn't fit	3.7 bp −$37	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

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
Bybit GOOGLUSDT	0.0000%	8h	356.57	−0.032%	$11.3M	$7.1M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.41	−0.077%	$3.6M	$7.2M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	356.68	long leg	$4.3M	$2.3M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.025%	$23K	$521K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.49	−0.054%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.42	−0.074%	$23K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.87	+0.052%	$115K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.79	+0.030%	$2.7M	$58K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0012%	8h	356.56	−0.035%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0015%	8h	356.41	−0.076%	$362K	$482K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	356.47	−0.061%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	356.49	−0.054%	$73.1M	$135.8M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.65	−0.009%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.122%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.53	−0.043%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.66	−0.007%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.33	−0.099%	$98.3M	$25.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.39	−0.082%	$691K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.44	−0.068%	$213	$43K	10x	as long as short
Ondo Perps GOOGL-USD.Pshort	+0.0050%	1h	356.31	−0.105%	$2.2M	$4.7M	15x
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.59	−0.026%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	356.44	−0.069%	$556K	$78K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.410%	$518K	$1.0M	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.34	−0.096%	$137K	$48K	20x	as long as short
Bitget GOOGLUSDT	+0.0094%	8h	356.53	−0.043%	$17.1M	$8.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0096%	1h	356.38	−0.085%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.039%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.20	−0.135%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	−0.018%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.47	−0.060%	$11K	$9K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	356.67	−0.004%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.43	−0.070%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0108%	8h	356.66	−0.007%	$700K	$220K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0176%	1h	356.43	−0.071%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.39	−0.082%	$202K	$302K	10x	as long as short
edgeX GOOGLUSDC	+0.0834%	4h	356.80	+0.032%	$208K	$1.1M	10x	as long as short