Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.032%

Price spread now: Bybit against Nado+0.074%7-day average +0.047% · 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−$410.414% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 4 days (all we have)+0.031%+$3 · spread now +0.074%, 7d avg +0.047%

Together, before fees+0.118%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.027% dearer against Nado than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.69	0.0005	pay 0.0001% / 1h	26m 32s	$558K	$83K	20x
Short	Bybit GOOGLUSDT	357.96	0.0233	get 0.0233% / 8h	3h 26m	$12.0M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.074%Rate

Funding earned: $47.91
Price spread: +0.074% → +0.047%: $2.73
Slippage, 4 orders: −$23.4
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $9.24
Costs to cover: 0.414%
Break-even: 5.6 days

Slippage from Nado: live order book, 27 min ago; Bybit: live order book, 2 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, 27 min ago	0.14 bp	10.8 bp −$11	18.9 bp −$189	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.42 bp	8.6 bp −$9	11.9 bp −$119	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	−0.0058%	1h	357.48	−0.060%	$24K	$155K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.72	+0.007%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.72	+0.007%	$17.5M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.85	+0.044%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.95	+0.072%	$115K	$218K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.96	+0.074%	$2.7M	$85K	10x	as long as short
Nado GOOGL-PERPlong	+0.0005%	1h	357.69	long leg	$558K	$83K	20x
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.007%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.65	−0.011%	$144K	$48K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	357.87	+0.049%	$23K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0026%	8h	357.87	+0.050%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.88	+0.052%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.160%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.71	+0.005%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.55	−0.040%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.88	+0.052%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.70	+0.002%	$99.2M	$20.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.57	−0.035%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.71	+0.005%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.55	−0.040%	$2.2M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.80	+0.029%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.73	+0.010%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	357.72	+0.008%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0087%	8h	357.80	+0.030%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.82	+0.035%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.38	−0.088%	$3.0M	$97K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.65	−0.012%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.76	+0.019%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0102%	8h	357.85	+0.044%	$72.3M	$142.0M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.74	+0.012%	$419K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.72	+0.007%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.79	+0.027%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	357.83	+0.038%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.84	+0.041%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDTshort	+0.0233%	8h	357.96	+0.074%	$12.0M	$7.5M	100x
edgeX GOOGLUSDC	+0.0810%	4h	357.81	+0.032%	$209K	$1.2M	10x	as long as short