Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0012%/8h= −1.4% APRpaid last 24h +0.008%

Price spread now: Nado against GRVT−0.053%7-day average −0.017% · 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−$40as in the Price arb table

costs, in and out, $10k−$370.367% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.053%, 7d avg −0.017%

Together, before fees+0.013%+ Points / potential airdropGRVT: Active · Nado: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Nado is 0.036% cheaper against GRVT than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	357.91	0.0024	pay 0.0024% / 8h	3h 21m	$23K	$442K	10x
Short	Nado GOOGL-PERP	357.72	0.0012	get 0.0001% / 1h	21m 23s	$558K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against GRVT. 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 GRVTbpFee NadobpOrdersPrice spread, now −0.053%Rate

Funding earned: −$2.61
Price spread: −0.053% → −0.017%: −$3.6
Slippage, 4 orders: −$20.74
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$42.95
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from GRVT: live order book, 31 min ago; Nado: live order book, 32 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 GRVT live order book, 31 min ago	1.26 bp	6.1 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Nado live order book, 32 min ago	0.14 bp	13.9 bp −$14	30.1 bp −$301	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	−0.0008%	1h	357.79	−0.033%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.91	+0.001%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.06	+0.043%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.06	+0.043%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.73	−0.049%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.00	+0.026%	$115K	$218K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.03	+0.034%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERPshort	+0.0012%	1h	357.72	−0.053%	$558K	$86K	20x
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.066%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.66	−0.068%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perplong	+0.0024%	8h	357.91	long leg	$23K	$442K	10x
Variational Omni GOOGL	+0.0025%	8h	357.78	−0.036%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.98	+0.020%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.220%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.65	−0.072%	$208K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.94	+0.009%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.79	−0.033%	$99.3M	$20.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.74	−0.047%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.79	−0.033%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.58	−0.091%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.91	+0.002%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.92	+0.004%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.78	−0.037%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0084%	8h	357.98	+0.020%	$13.8M	$12.5M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.93	+0.007%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.47	−0.122%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.66	−0.069%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.73	−0.049%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0104%	8h	358.05	+0.039%	$72.4M	$142.3M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.95	+0.013%	$419K	$1.4M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.86	−0.012%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.77	−0.038%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	357.95	+0.012%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.97	+0.018%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0238%	8h	358.15	+0.068%	$12.1M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0893%	4h	357.90	−0.002%	$209K	$1.2M	10x	as long as short