Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h 0.000%

Price spread now: Nado against Bitget−0.041%7-day average −0.029% · 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−$42as in the Price arb table

costs, in and out, $10k−$410.406% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.041%, 7d avg −0.029%

Together, before fees−0.069%+ Points / potential airdropNado: Active · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, 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	Bitget GOOGLUSDT	356.42	0.0097	pay 0.0097% / 8h	7h 35m	$17.0M	$9.3M	100x
Short	Nado GOOGL-PERP	356.27	0.0047	get 0.0006% / 1h	35m 33s	$559K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.041%Rate

Funding earned: −$10.58
Price spread: −0.041% → −0.029%: −$1.2
Slippage, 4 orders: −$21.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$52.34
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Nado: live order book, 38 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 Bitget live order book, 3 min ago	0.84 bp	8.0 bp −$8	11.2 bp −$112	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	0.28 bp	14.4 bp −$14	25.3 bp −$253	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
Deribit GOOGL_USDC-PERPETUAL	−0.0087%	1h	356.07	−0.098%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0040%	1h	356.18	−0.067%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.36	−0.017%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.22	−0.057%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.41	−0.003%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.55	+0.036%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.39	−0.008%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.03	−0.110%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.49	+0.020%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.160%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.196%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.42	0.000%	$2.1M	$1.1M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.43	+0.003%	—	$5K	25x	as long as short
Nado GOOGL-PERPshort	+0.0047%	1h	356.27	−0.041%	$559K	$81K	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.27	−0.042%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.051%	$683K	$442K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	−0.065%	$170	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.076%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	−0.014%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.37	−0.014%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0084%	8h	356.42	+0.001%	$292	$253	5x	as long as short
Bitget GOOGLUSDTlong	+0.0097%	8h	356.42	long leg	$17.0M	$9.3M	100x
Pacifica GOOGL	+0.0100%	1h	356.36	−0.017%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.143%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.18	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.18	−0.067%	$10K	$10K	20x	as long as short
Aster GOOGLUSDT	+0.0100%	8h	356.49	+0.021%	$364K	$457K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.17	−0.069%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0117%	8h	356.45	+0.008%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.41	−0.004%	$425K	$1.9M	20x	as long as short
Binance GOOGLUSDT	+0.0121%	8h	356.47	+0.015%	$72.9M	$143.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	−0.059%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0195%	8h	356.50	+0.022%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.36	−0.017%	$691K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.11	−0.087%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0825%	4h	356.13	−0.082%	$208K	$1.2M	10x	as long as short