Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.024%

Price spread now: Nado against HTX−0.065%7-day average −0.065% · 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−$42as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.065%, 7d avg −0.065%

Together, before fees−0.097%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.065%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.30	0	get 0.0000% / 8h	3h 48m	$115K	$220K	30x
Short	Nado GOOGL-PERP	357.07	0.0076	get 0.0010% / 1h	48m 28s	$557K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.065%Rate

Funding earned: $16.05
Price spread: −0.065% → −0.065%: $0.01
Slippage, 4 orders: −$23.32
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$26.26
Costs to cover: 0.423%
Break-even: 18.4 days

Slippage from HTX: live order book, 3 min ago; Nado: live order book, 5 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 HTX live order book, 3 min ago	2.80 bp	8.8 bp −$9	12.6 bp −$126	doesn't fit	doesn't fit
Sell Nado live order book, 5 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
Gate GOOGL_USDT	0.0000%	8h	357.16	−0.039%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.29	−0.003%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.23	−0.020%	$922	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.08	−0.062%	$24K	$155K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.30	long leg	$115K	$220K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.45	+0.042%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.36	+0.017%	$524K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.45	+0.043%	$4.8M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0030%	8h	357.58	+0.079%	$23K	$432K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.20	−0.028%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.29	−0.003%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.050%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	−0.050%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.31	+0.003%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.08	−0.062%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.076%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.123%	$2.3M	$4.8M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.19	−0.031%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.13	−0.048%	$1.3M	$4.2M	10x	as long as short
Nado GOOGL-PERPshort	+0.0076%	1h	357.07	−0.065%	$557K	$80K	20x
tradeXYZ xyz:GOOGL	+0.0083%	1h	357.08	−0.062%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0090%	8h	357.49	+0.054%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.21	−0.025%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.13	−0.048%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.28	−0.006%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.18	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.13	−0.047%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.25	−0.015%	$72.5M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.16	−0.040%	$422K	$1.8M	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.22	−0.022%	$13.8M	$12.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0120%	8h	357.19	−0.032%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.38	+0.022%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	357.20	−0.028%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0248%	8h	357.34	+0.011%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0328%	1h	357.26	−0.011%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0914%	4h	357.53	+0.064%	$208K	$1.2M	10x	as long as short