Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h −0.062%

Price spread now: Nado against BloFin−0.075%7-day average −0.033% · 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−$41as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.190%−$19 on $10k

Price spread, last 3 days (all we have)−0.006%−$1 · spread now −0.075%, 7d avg −0.033%

Together, before fees−0.196%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Nado is 0.042% cheaper against BloFin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	356.66	0.0254	pay 0.0254% / 8h	7h 48m	$688K	$235K	20x
Short	Nado GOOGL-PERP	356.39	0.0087	get 0.0011% / 1h	48m 29s	$560K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.075%Rate

Funding earned: −$35.1
Price spread: −0.075% → −0.033%: −$4.19
Slippage, 4 orders: −$18.11
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$76.4
Costs to cover: 0.371%
Break-even: never at this rate

Slippage from BloFin: live order book, 23 min ago; Nado: live order book, 25 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 BloFin live order book, 23 min ago	0.14 bp	6.1 bp −$6	7.0 bp −$70	13.2 bp −$1,323	doesn't fit
Sell Nado live order book, 25 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
Gate GOOGL_USDT	0.0000%	8h	356.46	−0.056%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.006%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.48	−0.050%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.78	+0.034%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.77	+0.031%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	−0.077%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	−0.022%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.29	−0.104%	$529K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.129%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.60	−0.017%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0048%	1h	356.36	−0.084%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.28	−0.107%	$98.2M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.38	−0.079%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.35	−0.087%	$175	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.140%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.49	−0.048%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	−0.008%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERPshort	+0.0087%	1h	356.39	−0.075%	$560K	$81K	20x
Paradex GOOGL-USD-PERP	+0.0095%	8h	356.54	−0.035%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	−0.047%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.12	−0.151%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	−0.011%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.50	−0.045%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.53	−0.036%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.71	+0.013%	$365K	$457K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	356.51	−0.042%	$2.1M	$1.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0121%	8h	356.81	+0.042%	$23K	$472K	10x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.61	−0.014%	$73.2M	$142.4M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.53	−0.037%	$422K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0143%	8h	356.52	−0.039%	$16.9M	$9.2M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.56	−0.028%	$137K	$48K	20x	as long as short
Bybit GOOGLUSDT	+0.0197%	8h	356.62	−0.011%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0200%	8h	356.57	−0.025%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDTlong	+0.0254%	8h	356.66	long leg	$688K	$235K	20x
Arcus GOOGL-USD	+0.0306%	1h	356.43	−0.064%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0476%	4h	356.74	+0.021%	$210K	$1.2M	10x	as long as short