Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.024%

Price spread now: HTX against Nado+0.106%7-day average +0.064% · 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−$40as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on Nado Short on HTX

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)+0.074%+$7 · spread now +0.106%, 7d avg +0.064%

Together, before fees+0.085%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.042% dearer against Nado than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.064%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.50	0.0097	pay 0.0012% / 1h	36m 14s	$558K	$80K	20x
Short	HTX GOOGL-USDT	357.88	0	get 0.0000% / 8h	4h 36m	$115K	$221K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$20.39
Price spread: +0.106% → +0.064%: $4.2
Slippage, 4 orders: −$24.97
Fee Nado: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$60.15
Costs to cover: 0.440%
Break-even: never at this rate

Slippage from Nado: live order book, 22 min ago; HTX: 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, 22 min ago	0.14 bp	11.5 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit
Sell HTX live order book, 20 min ago	1.54 bp	7.5 bp −$8	14.7 bp −$147	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	−0.0048%	1h	357.54	+0.011%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.65	+0.042%	$3.6M	$7.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	+0.059%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.087%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.78	+0.078%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	+0.003%	$24K	$155K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.88	+0.106%	$115K	$221K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.86	+0.101%	$2.7M	$86K	10x	as long as short
Bitget GOOGLUSDT	+0.0007%	8h	357.80	+0.084%	$17.5M	$9.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	357.62	+0.034%	$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
Lighter RH GOOGL	+0.0032%	1h	357.80	+0.084%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.106%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.019%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.73	+0.065%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.045%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.55	+0.014%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.52	+0.006%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	+0.011%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.025%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0056%	8h	357.87	+0.104%	$366K	$457K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	357.54	+0.011%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0077%	8h	357.79	+0.081%	$73.1M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.70	+0.056%	$426K	$1.8M	20x	as long as short
Nado GOOGL-PERPlong	+0.0097%	1h	357.50	long leg	$558K	$80K	20x
Pacifica GOOGL	+0.0100%	1h	357.70	+0.056%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.33	−0.047%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.45	−0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.003%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.62	+0.032%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.68	+0.050%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	+0.028%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.68	+0.051%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0184%	8h	357.86	+0.101%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0195%	8h	357.74	+0.067%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0296%	1h	357.77	+0.076%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0856%	4h	357.68	+0.049%	$209K	$1.2M	10x	as long as short