Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.026%

Price spread now: Binance against Nado+0.073%48s7-day average +0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$350.349% of the position

Long on Nado Short on Binance

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 2 days (all we have)−0.079%−$8 · spread now +0.073%, 7d avg +0.048%

Together, before fees−0.009%+ Points / potential airdropNado: Active · farm board−$1 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 Binance is 0.025% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.32	0.0041	pay 0.0005% / 1h	28m 46s	$557K	$79K	20x
Short	Binance GOOGLUSDT	356.58	0.0116	get 0.0116% / 8h	7h 28m	$72.9M	$142.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.073%Rate

Funding earned: $15.7
Price spread: +0.073% → +0.048%: $2.53
Slippage, 4 orders: −$17.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.65
Costs to cover: 0.349%
Break-even: 14.4 days

Slippage from Nado: live order book, 44 min ago; Binance: live order book, 14 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, 44 min ago	0.28 bp	9.9 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.14 bp	5.4 bp −$5	8.2 bp −$82	26.9 bp −$2,688	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	356.49	+0.047%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.41	+0.025%	$23K	$462K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.56	+0.067%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.25	−0.020%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.68	+0.101%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.43	+0.030%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.14	−0.051%	$144K	$52K	10x	as long as short
Lighter GOOGL	+0.0032%	1h	356.53	+0.058%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.60	+0.078%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.132%	$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	+0.224%	$128K	$45K	30x	as long as short
Nado GOOGL-PERPlong	+0.0041%	1h	356.32	long leg	$557K	$79K	20x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.058%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.36	+0.011%	$98.3M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	+0.005%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.006%	$172	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.003%	$2.2M	$4.8M	15x	as long as short
Variational Omni GOOGL	+0.0053%	8h	356.39	+0.019%	$4.8M	$2.3M	—	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.43	+0.030%	$1.3M	$4.7M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	356.36	+0.011%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0079%	8h	356.52	+0.055%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0083%	8h	356.61	+0.081%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0096%	8h	356.71	+0.109%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.31	−0.004%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.14	−0.051%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.37	+0.014%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.41	+0.025%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0105%	8h	356.50	+0.050%	$11.5M	$7.7M	100x	as long as short
Binance GOOGLUSDTshort	+0.0116%	8h	356.58	+0.073%	$72.9M	$142.2M	50x
Extended GOOGL-USD	+0.0120%	1h	356.51	+0.053%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.014%	$137K	$48K	20x	as long as short
edgeX GOOGLUSDC	+0.0160%	4h	356.40	+0.022%	$209K	$1.2M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0192%	8h	356.66	+0.095%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0237%	8h	356.57	+0.070%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.27	−0.014%	$202K	$271K	10x	as long as short