Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.173%

Price spread now: edgeX against Nado+0.070%7-day average +0.015% · 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−$35as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.492%+$49 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.070%, 7d avg +0.015%

Together, before fees+0.442%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and edgeX is 0.055% dearer against Nado than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.49	0.0100	pay 0.0012% / 1h	51m 34s	$560K	$81K	20x
Short	edgeX GOOGLUSDC	356.74	0.0476	get 0.0238% / 4h	3h 51m	$210K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $79.05
Price spread: +0.070% → +0.015%: $5.54
Slippage, 4 orders: −$24.51
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $44.08
Costs to cover: 0.405%
Break-even: 3.1 days

Slippage from Nado: live order book, 22 min ago; edgeX: 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, 22 min ago	0.28 bp	9.9 bp −$10	18.1 bp −$181	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	3.36 bp	8.1 bp −$8	11.3 bp −$113	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
Gate GOOGL_USDT	0.0000%	8h	356.56	+0.021%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.79	+0.085%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.58	+0.026%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.93	+0.125%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.69	+0.057%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.31	−0.050%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.69	+0.057%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.24	−0.069%	$530K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.178%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.70	+0.060%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.41	−0.021%	$98.1M	$24.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.55	+0.018%	$684K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.50	+0.004%	$180	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.049%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.60	+0.032%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0064%	8h	356.63	+0.040%	$4.8M	$2.7M	—	as long as short
Paradex GOOGL-USD-PERP	+0.0098%	8h	356.64	+0.044%	$292	$253	5x	as long as short
Nado GOOGL-PERPlong	+0.0100%	1h	356.49	long leg	$560K	$81K	20x
Pacifica GOOGL	+0.0100%	1h	356.41	−0.020%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.31	−0.049%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.55	+0.018%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.69	+0.057%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	+0.033%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0114%	8h	356.83	+0.097%	$365K	$457K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	356.51	+0.007%	$33K	—	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0121%	8h	356.81	+0.091%	$23K	$472K	10x	as long as short
Binance GOOGLUSDT	+0.0135%	8h	356.67	+0.052%	$73.2M	$142.5M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.61	+0.034%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0145%	8h	356.65	+0.046%	$16.9M	$9.1M	100x	as long as short
Lighter GOOGL	+0.0152%	1h	356.62	+0.038%	$2.1M	$1.1M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.56	+0.021%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0200%	8h	356.72	+0.066%	$13.8M	$12.8M	50x	as long as short
Bybit GOOGLUSDT	+0.0229%	8h	356.62	+0.038%	$11.5M	$7.7M	100x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.77	+0.080%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.51	+0.007%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDCshort	+0.0476%	4h	356.74	+0.070%	$210K	$1.2M	10x