Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h −0.010%

Price spread now: Nado against Aster+0.006%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$570.570% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.070%−$7 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now +0.006%, 7d avg −0.040%

Together, before fees−0.113%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.046% dearer against Aster than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.040%. Mind the row above: over the last 4 days funding on this pair cost −0.070%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	358.32	0.0007	pay 0.0007% / 8h	6h 58m	$368K	$423K	20x
Short	Nado GOOGL-PERP	358.34	0.0091	get 0.0011% / 1h	58m 48s	$551K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.006%Rate

Funding earned: $17.58
Price spread: +0.006% → −0.040%: $4.64
Slippage, 4 orders: −$41.98
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.76
Costs to cover: 0.570%
Break-even: 20.8 days

Slippage from Aster: live order book, 34 min ago; Nado: live order book, 34 min ago.

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 Aster live order book, 34 min ago	3.78 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 34 min ago	0.14 bp	11.7 bp −$12	19.0 bp −$190	doesn't fit	doesn't fit

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	−0.0056%	1h	358.32	0.000%	$514K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0040%	1h	358.35	+0.009%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.50	+0.050%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.41	+0.025%	$3.6M	$6.7M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.50	+0.050%	$17.3M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.44	+0.033%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.54	+0.062%	$2K	$3.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.31	−0.003%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.67	+0.098%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.71	+0.109%	$2.7M	$96K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDTlong	+0.0007%	8h	358.32	long leg	$368K	$423K	20x
Extended GOOGL-USD	+0.0024%	1h	358.45	+0.037%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	358.47	+0.042%	$72.7M	$142.6M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.43	+0.032%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.42	+0.028%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.335%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.53	+0.059%	$1.3M	$4.1M	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0043%	8h	358.61	+0.082%	$23K	$451K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.67	+0.098%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.28	−0.011%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.42	+0.028%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.38	+0.017%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.31	−0.003%	$2.3M	$4.0M	15x	as long as short
Bybit GOOGLUSDT	+0.0056%	8h	358.48	+0.045%	$11.5M	$7.4M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.47	+0.043%	$294	$253	5x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.37	+0.014%	$211K	$283K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0082%	8h	358.17	−0.042%	$3.0M	$179K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.48	+0.045%	$138K	$35K	20x	as long as short
Nado GOOGL-PERPshort	+0.0091%	1h	358.34	+0.006%	$551K	$81K	20x
Pacifica GOOGL	+0.0100%	1h	358.56	+0.068%	$42K	$23K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.31	−0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.41	+0.025%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0101%	8h	358.56	+0.067%	$682K	$237K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	+0.020%	$25K	—	10x	as long as short
edgeX GOOGLUSDC	+0.0171%	4h	358.61	+0.080%	$209K	$1.2M	10x	as long as short
Lighter GOOGL	+0.0200%	1h	358.46	+0.039%	$2.0M	$1.7M	20x	as long as short