Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0037%/8h= −4.1% APRpaid last 24h −0.034%

Price spread now: Nado against Binance−0.047%7-day average −0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.642%+$64 · spread now −0.047%, 7d avg −0.026%

Together, before fees+0.572%+ Points / potential airdropNado: Active · farm board+$57 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.66	0.0026	pay 0.0026% / 8h	8m 12s	$72.1M	$143.3M	50x
Short	Nado GOOGL-PERP	357.49	−0.0012	pay 0.0001% / 1h	8m 12s	$550K	$88K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.047%Rate

Funding earned: −$7.85
Price spread: −0.047% → −0.026%: −$2.1
Slippage, 4 orders: −$19.41
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$46.36
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Binance: live order book, 5 min ago; Nado: live order book, 30 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 Binance live order book, 5 min ago	0.14 bp	5.3 bp −$5	7.9 bp −$79	23.9 bp −$2,388	doesn't fit
Sell Nado live order book, 30 min ago	0.42 bp	14.4 bp −$14	26.8 bp −$268	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	−0.0048%	1h	357.09	−0.159%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERPshort	−0.0012%	1h	357.49	−0.047%	$550K	$88K	20x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.67	+0.003%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.020%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.77	+0.031%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.008%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.021%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.68	+0.006%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.47	−0.053%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.75	+0.025%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.028%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0002%	8h	357.78	+0.033%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.66	−0.001%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.58	−0.023%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDTlong	+0.0026%	8h	357.66	long leg	$72.1M	$143.3M	50x
Lighter RH GOOGL	+0.0032%	1h	357.58	−0.022%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.151%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.58	−0.022%	$1.3M	$4.2M	10x	as long as short
KuCoin GOOGLUSDTM	+0.0040%	8h	357.17	−0.137%	$3.0M	$110K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.47	−0.053%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	+0.036%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.49	−0.048%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.49	−0.048%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.42	−0.067%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.053%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.073%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.65	−0.004%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0076%	8h	357.69	+0.008%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.45	−0.059%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.54	−0.034%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0103%	8h	357.61	−0.014%	$687K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.54	−0.034%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.66	0.000%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.020%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0617%	4h	357.69	+0.009%	$209K	$1.2M	10x	as long as short