Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.006%

Price spread now: Nado against KuCoin+0.057%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2292.287% of the position

Long on KuCoin 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)−0.057%−$6 · spread now +0.057%, 7d avg +0.045%

Together, before fees−0.083%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, 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	KuCoin GOOGLUSDTM	357.15	0.0100	pay 0.0100% / 8h	3h 42m	$3.0M	$91K	20x
Short	Nado GOOGL-PERP	357.35	0.0030	get 0.0004% / 1h	42m 30s	$557K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.057%Rate

Funding earned: −$14.69
Price spread: +0.057% → +0.045%: $1.23
Slippage, 4 orders: −$209.66
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$242.12
Costs to cover: 2.287%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Nado: live order book, 11 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 KuCoin live order book, 5 min ago	6.30 bp	115.1 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 11 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	357.41	+0.073%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.64	+0.137%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.50	+0.098%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.21	+0.017%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.52	+0.104%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.104%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.062%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.14	−0.002%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	+0.068%	$4.8M	$2.4M	—	as long as short
Nado GOOGL-PERPshort	+0.0030%	1h	357.35	+0.057%	$557K	$80K	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.55	+0.112%	$1.3M	$2.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	+0.081%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.008%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	+0.003%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.62	+0.132%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.42	+0.076%	$99.2M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.34	+0.053%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.31	+0.045%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.022%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.40	+0.070%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.62	+0.131%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	+0.078%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	357.15	long leg	$3.0M	$91K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.24	+0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.34	+0.053%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	+0.053%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0105%	8h	357.59	+0.123%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.55	+0.112%	$72.5M	$141.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0111%	8h	357.50	+0.099%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.45	+0.084%	$422K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0128%	1h	357.32	+0.048%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	+0.050%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	+0.095%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0245%	8h	357.66	+0.143%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0248%	1h	357.53	+0.106%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	+0.007%	$208K	$1.2M	10x	as long as short