Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0053%/8h= +5.9% APRpaid last 24h +0.023%

Price spread now: Aster against Nado+0.062%7-day average +0.037% · 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−$52as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.062%, 7d avg +0.037%

Together, before fees+0.044%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Aster is 0.024% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.27	0.0047	pay 0.0006% / 1h	35m 34s	$559K	$81K	20x
Short	Aster GOOGLUSDT	356.49	0.0100	get 0.0100% / 8h	7h 35m	$364K	$457K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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 NadobpFee AsterbpOrdersPrice spread, now +0.062%Rate

Funding earned: $11.23
Price spread: +0.062% → +0.037%: $2.43
Slippage, 4 orders: −$39.21
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$40.55
Costs to cover: 0.542%
Break-even: 32.3 days

Slippage from Nado: live order book, 37 min ago; Aster: live order book, 37 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 Nado live order book, 37 min ago	0.28 bp	9.9 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell Aster live order book, 37 min ago	2.94 bp	7.5 bp −$8	9.6 bp −$96	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
Deribit GOOGL_USDC-PERPETUAL	−0.0087%	1h	356.07	−0.057%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0040%	1h	356.18	−0.027%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.36	+0.024%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.22	−0.016%	$23K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.41	+0.038%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.55	+0.077%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.39	+0.032%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.03	−0.069%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.49	+0.060%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.119%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.237%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.42	+0.041%	$2.1M	$1.1M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.43	+0.044%	—	$5K	25x	as long as short
Nado GOOGL-PERPlong	+0.0047%	1h	356.27	long leg	$559K	$81K	20x
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.27	−0.001%	$98.2M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.010%	$683K	$442K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	−0.024%	$170	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.035%	$2.2M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0057%	8h	356.37	+0.027%	$4.8M	$2.7M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.37	+0.027%	$1.3M	$4.8M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0084%	8h	356.42	+0.041%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0097%	8h	356.42	+0.041%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.36	+0.024%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.91	−0.102%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.18	−0.027%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.18	−0.027%	$10K	$10K	20x	as long as short
Aster GOOGLUSDTshort	+0.0100%	8h	356.49	+0.062%	$364K	$457K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.17	−0.029%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0117%	8h	356.45	+0.049%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.41	+0.037%	$425K	$1.9M	20x	as long as short
Binance GOOGLUSDT	+0.0121%	8h	356.47	+0.055%	$72.9M	$143.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.21	−0.018%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0195%	8h	356.50	+0.063%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0241%	8h	356.36	+0.024%	$691K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.11	−0.046%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0825%	4h	356.13	−0.041%	$208K	$1.2M	10x	as long as short