Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.026%

Price spread now: Gate against Nado+0.037%50s7-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—prices read too far apart to compare

costs, in and out, $10k−$500.497% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.081%+$8 · spread now +0.037%, 7d avg +0.015%

Together, before fees+0.092%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.023% dearer against Nado than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.015%. The two prices were read 50 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	357.71	−0.0029	get 0.0004% / 1h	9m 41s	$558K	$80K	20x
Short	Gate GOOGL_USDT	357.84	0	get 0.0000% / 8h	5h 09m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.037%Rate

Funding earned: $6.08
Price spread: +0.037% → +0.015%: $2.28
Slippage, 4 orders: −$27.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.29
Costs to cover: 0.497%
Break-even: 54.5 days

Slippage from Nado: live order book, 53 min ago; Gate: 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, 53 min ago	0.14 bp	10.3 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.40 bp	11.8 bp −$12	21.8 bp −$218	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
Hotstuff GOOGL-PERP	−0.0104%	1h	357.73	+0.007%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.069%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERPlong	−0.0029%	1h	357.71	long leg	$558K	$80K	20x
Gate GOOGL_USDTshort	0.0000%	8h	357.84	+0.037%	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	357.88	+0.047%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.85	+0.041%	$23K	$433K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.99	+0.079%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.01	+0.085%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.06	+0.099%	$2.7M	$80K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.63	−0.022%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0020%	8h	357.78	+0.020%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.89	+0.051%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.95	+0.068%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.164%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0040%	8h	357.98	+0.078%	$72.9M	$141.1M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.89	+0.051%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.63	−0.021%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.92	+0.060%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.75	+0.012%	$99.1M	$21.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.007%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.75	+0.012%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.57	−0.038%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.88	+0.048%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0063%	8h	357.98	+0.077%	$17.5M	$9.6M	100x	as long as short
Bybit GOOGLUSDT	+0.0070%	8h	358.09	+0.107%	$11.9M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.90	+0.054%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.058%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.59	−0.032%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.85	+0.040%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.83	+0.035%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0105%	8h	357.95	+0.068%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.70	−0.002%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.99	+0.079%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0152%	8h	357.99	+0.079%	$700K	$234K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0169%	1h	357.82	+0.032%	$24K	$154K	10x	as long as short
edgeX GOOGLUSDC	+0.0417%	4h	357.85	+0.040%	$209K	$1.2M	10x	as long as short