Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0698%/8h= −76.4% APRpaid last 24h −0.138%

Price spread now: Nado against edgeX−0.070%62s7-day average −0.015% · 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−$400.401% of the position

Long on edgeX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.492%−$49 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.070%, 7d avg −0.015%

Together, before fees−0.442%+ Points / potential airdropedgeX: Active · Nado: Active · farm board−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Nado is 0.056% cheaper against edgeX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.015%). Swap the legs. The two prices were read 62 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	edgeX GOOGLUSDC	356.54	0.0806	pay 0.0403% / 4h	17m 59s	$210K	$1.2M	10x
Short	Nado GOOGL-PERP	356.29	0.0108	get 0.0013% / 1h	17m 59s	$559K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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 edgeXbpFee NadobpOrdersPrice spread, now −0.070%Rate

Funding earned: −$146.6
Price spread: −0.070% → −0.015%: −$5.55
Slippage, 4 orders: −$24.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$192.28
Costs to cover: 0.401%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Nado: live order book, 60 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 edgeX live order book, 1 min ago	3.22 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Nado live order book, 60 min ago	0.56 bp	14.9 bp −$15	26.3 bp −$263	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	356.48	−0.018%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.62	+0.022%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.69	+0.041%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.63	+0.024%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.040%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	−0.045%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.61	+0.019%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.162%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.51	−0.009%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.56	+0.005%	$23K	$473K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.32	−0.063%	$98.2M	$25.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.31	−0.065%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.32	−0.063%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.19	−0.099%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.49	−0.015%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0061%	8h	356.49	−0.016%	$4.7M	$2.6M	—	as long as short
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.50	−0.013%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.084%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.063%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.39	−0.043%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	−0.023%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.47	−0.021%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0107%	8h	356.69	+0.040%	$363K	$455K	20x	as long as short
Nado GOOGL-PERPshort	+0.0108%	1h	356.29	−0.070%	$559K	$81K	20x
Bybit GOOGLUSDT	+0.0120%	8h	356.66	+0.033%	$11.5M	$7.8M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	356.31	−0.065%	$33K	—	20x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.55	+0.003%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0128%	8h	356.52	−0.007%	$16.8M	$9.3M	100x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.62	+0.022%	$73.1M	$142.9M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0143%	1h	356.41	−0.037%	$23K	$152K	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.079%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0175%	8h	356.67	+0.036%	$13.9M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.54	−0.001%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.34	−0.057%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0264%	1h	356.58	+0.010%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDClong	+0.0806%	4h	356.54	long leg	$210K	$1.2M	10x