Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h −0.014%

Price spread now: Nado against Bybit−0.079%49s7-day average −0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$400.396% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.093%−$9 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.079%, 7d avg −0.048%

Together, before fees−0.119%+ Points / potential airdropNado: Active · farm board−$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.031% cheaper against Bybit than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.048%). If the spread goes back, that is −$3 on $10k: about 27 hours of funding at the current rate (+$3 a day). Mind the row above: over the last 4 days funding on this pair cost −0.093%, so the current rate has only just turned in your favour. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.74	0	get 0.0000% / 8h	5h 06m	$11.6M	$7.8M	100x
Short	Nado GOOGL-PERP	357.46	0.0093	get 0.0012% / 1h	6m 48s	$552K	$84K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: $19.47
Price spread: −0.079% → −0.048%: −$3.09
Slippage, 4 orders: −$21.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.27
Costs to cover: 0.396%
Break-even: 15.4 days

Slippage from Bybit: live order book, 4 min ago; Nado: live order book, 39 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 Bybit live order book, 4 min ago	0.56 bp	8.9 bp −$9	12.0 bp −$120	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	0.42 bp	14.3 bp −$14	28.4 bp −$284	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.47	−0.075%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.115%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDTlong	0.0000%	8h	357.74	long leg	$11.6M	$7.8M	100x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.76	+0.006%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.028%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.011%	$17.4M	$10.0M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.50	−0.066%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.003%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.88	+0.039%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.81	+0.020%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0007%	8h	357.67	−0.019%	$12K	$466K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0030%	1h	357.50	−0.067%	$29K	$151K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.003%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.54	−0.056%	$144K	$43K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.173%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.75	+0.003%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.67	−0.020%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.067%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.59	−0.042%	$685K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.42	−0.089%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.30	−0.123%	$2.3M	$4.0M	15x	as long as short
Binance GOOGLUSDT	+0.0052%	8h	357.78	+0.011%	$73.0M	$146.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.65	−0.024%	$426K	$2.5M	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.65	−0.025%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.55	−0.052%	$293	$253	5x	as long as short
Nado GOOGL-PERPshort	+0.0093%	1h	357.46	−0.079%	$552K	$84K	20x
Pacifica GOOGL	+0.0100%	1h	357.39	−0.099%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.26	−0.134%	$3.0M	$301K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.40	−0.095%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.59	−0.042%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.051%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.37	−0.103%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.72	−0.006%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0173%	8h	357.75	+0.003%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.54	−0.056%	$212K	$222K	10x	as long as short
edgeX GOOGLUSDC	+0.0897%	4h	357.58	−0.044%	$208K	$1.2M	10x	as long as short