Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0210%/8h= +22.9% APRpaid last 24h +0.067%

Price spread now: BloFin against Nado+0.068%7-day average +0.036% · 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−$36as in the Price arb table

costs, in and out, $10k−$390.394% of the position

Long on Nado Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now +0.068%, 7d avg +0.036%

Together, before fees+0.228%+ Points / potential airdropNado: Active · farm board+$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.032% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.16	−0.0023	get 0.0003% / 1h	6m 21s	$557K	$86K	20x
Short	BloFin GOOGL-USDT	357.40	0.0186	get 0.0186% / 8h	2h 06m	$685K	$236K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.068%Rate

Funding earned: $44.01
Price spread: +0.068% → +0.036%: $3.16
Slippage, 4 orders: −$20.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.76
Costs to cover: 0.394%
Break-even: 5.8 days

Slippage from Nado: live order book, 42 min ago; BloFin: live order book, 20 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, 42 min ago	0.28 bp	10.6 bp −$11	22.7 bp −$227	doesn't fit	doesn't fit
Sell BloFin live order book, 20 min ago	0.56 bp	7.4 bp −$7	9.2 bp −$92	21.3 bp −$2,130	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
Nado GOOGL-PERPlong	−0.0023%	1h	357.16	long leg	$557K	$86K	20x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.37	+0.059%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.25	+0.026%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.40	+0.068%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.082%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.089%	$23K	$446K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.37	+0.059%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.13	−0.008%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.50	+0.096%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.101%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.078%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	+0.034%	$145K	$47K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.33	+0.048%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.011%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.13	−0.008%	$207K	$278K	10x	as long as short
Aster GOOGLUSDT	+0.0045%	8h	357.49	+0.094%	$366K	$426K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.40	+0.068%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	+0.023%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.14	−0.005%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.13	−0.008%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.14	−0.005%	$163	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.036%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.28	+0.033%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.25	+0.026%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.35	+0.054%	$72.1M	$143.6M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.16	0.000%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.11	−0.013%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.87	−0.081%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	+0.040%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	+0.009%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.22	+0.018%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.34	+0.051%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	+0.037%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDTshort	+0.0186%	8h	357.40	+0.068%	$685K	$236K	20x
Bybit GOOGLUSDT	+0.0196%	8h	357.41	+0.070%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.083%	$208K	$1.2M	10x	as long as short