Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.028%

Price spread now: Nado against Gate−0.058%7-day average −0.013% · 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−$57as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.058%, 7d avg −0.013%

Together, before fees−0.061%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.045% cheaper against Gate than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.013%). If the spread goes back, that is −$5 on $10k: about 40 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	356.12	0	get 0.0000% / 8h	2h 03m	$3.6M	$7.5M	100x
Short	Nado GOOGL-PERP	355.91	0.0091	get 0.0011% / 1h	3m 33s	$556K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.058%Rate

Funding earned: $19.14
Price spread: −0.058% → −0.013%: −$4.52
Slippage, 4 orders: −$30.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$37.52
Costs to cover: 0.521%
Break-even: 20.7 days

Slippage from Gate: live order book, 5 min ago; Nado: live order book, 19 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 Gate live order book, 5 min ago	2.39 bp	11.9 bp −$12	21.0 bp −$210	doesn't fit	doesn't fit
Sell Nado live order book, 19 min ago	0.14 bp	15.1 bp −$15	23.8 bp −$238	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
Hotstuff GOOGL-PERP	−0.0056%	1h	356.02	−0.028%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0032%	1h	355.79	−0.093%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.10	−0.006%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.28	+0.045%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	356.12	long leg	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	356.24	+0.033%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.19	+0.019%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.24	+0.034%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.39	+0.076%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.27	+0.042%	$2.7M	$64K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.99	−0.038%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	356.28	+0.045%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	356.24	+0.034%	$422K	$1.6M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.039%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.281%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.17	+0.014%	$1.3M	$4.7M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0043%	8h	356.32	+0.056%	$13.8M	$12.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.18	+0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.02	−0.028%	$97.9M	$25.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.017%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.01	−0.031%	$189	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.90	−0.062%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0053%	8h	356.13	+0.003%	$16.9M	$9.2M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0068%	8h	356.22	+0.029%	$292	$253	5x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	356.02	−0.028%	$202K	$270K	10x	as long as short
BloFin GOOGL-USDT	+0.0080%	8h	356.15	+0.008%	$688K	$235K	20x	as long as short
Nado GOOGL-PERPshort	+0.0091%	1h	355.91	−0.058%	$556K	$81K	20x
Pacifica GOOGL	+0.0100%	1h	355.89	−0.065%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.093%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.067%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.13	+0.003%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.08	−0.012%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	355.95	−0.048%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0199%	1h	356.15	+0.008%	$22K	$151K	10x	as long as short
Lighter GOOGL	+0.0200%	1h	356.26	+0.039%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0630%	4h	356.23	+0.030%	$208K	$1.2M	10x	as long as short