Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.008%

Price spread now: Bitget against Nado+0.061%7-day average +0.031% · 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−$39as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.045%+$5 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.061%, 7d avg +0.031%

Together, before fees+0.048%+ Points / potential airdropNado: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.030% dearer against Nado than usual: you sell high and buy low (spread +0.061% now, against its 7-day average of +0.031%): +$3 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.95	0.0013	pay 0.0002% / 1h	5m 05s	$549K	$92K	20x
Short	Bitget GOOGLUSDT	357.17	0	get 0.0000% / 8h	1h 05m	$17.3M	$9.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$2.78
Price spread: +0.061% → +0.031%: $3.01
Slippage, 4 orders: −$22.81
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$41.58
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Nado: live order book, 38 min ago; Bitget: live order book, 4 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, 38 min ago	0.56 bp	10.4 bp −$10	20.1 bp −$201	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.28 bp	7.7 bp −$8	12.4 bp −$124	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.099%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.12	+0.047%	$13.6M	$13.1M	50x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.91	−0.012%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.97	+0.005%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	357.17	+0.061%	$17.3M	$9.8M	100x
Variational Omni GOOGL	0.0000%	8h	357.04	+0.025%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.02	+0.019%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.11	+0.044%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.21	+0.072%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.15	+0.056%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERPlong	+0.0013%	1h	356.95	long leg	$549K	$92K	20x
Aster GOOGLUSDT	+0.0013%	8h	357.23	+0.079%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.95	−0.001%	$144K	$45K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.05	+0.028%	$1.3M	$2.1M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.00	+0.014%	$423K	$1.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.047%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0035%	8h	357.11	+0.044%	$72.0M	$143.7M	50x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.022%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.81	−0.040%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	+0.072%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.94	−0.003%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.85	−0.028%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.94	−0.003%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.73	−0.062%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.09	+0.038%	$293	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.00	+0.014%	$24K	$156K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0084%	8h	356.60	−0.099%	$3.0M	$100K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.90	−0.014%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.90	−0.013%	$42K	$39K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.94	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.97	+0.004%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.07	+0.033%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0128%	8h	357.01	+0.016%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0140%	8h	357.12	+0.047%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0880%	4h	357.00	+0.014%	$208K	$1.2M	10x	as long as short