Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.006%

Price spread now: KuCoin against Nado−0.050%51s7-day average −0.045% · you buy dearer than you sell

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−$2292.287% of the position

Long on Nado Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.050%, 7d avg −0.045%

Together, before fees+0.075%+ Points / potential airdropNado: Active · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 51 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	357.33	0.0035	pay 0.0004% / 1h	42m 40s	$557K	$80K	20x
Short	KuCoin GOOGLUSDTM	357.15	0.0100	get 0.0100% / 8h	3h 42m	$3.0M	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.050%Rate

Funding earned: $13.59
Price spread: −0.050% → −0.045%: −$0.5
Slippage, 4 orders: −$209.66
Fee Nado: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$215.57
Costs to cover: 2.287%
Break-even: 118.0 days

Slippage from Nado: live order book, 10 min ago; KuCoin: live order book, 5 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, 10 min ago	0.14 bp	10.8 bp −$11	18.9 bp −$189	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	6.30 bp	88.8 bp −$89	doesn't fit	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	357.41	+0.023%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.59	+0.073%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.50	+0.048%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.21	−0.033%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.52	+0.054%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.52	+0.054%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.111%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	357.14	−0.052%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	+0.018%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.55	+0.062%	$1.3M	$2.1M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0032%	8h	357.44	+0.031%	$23K	$436K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.058%	$128K	$45K	30x	as long as short
Nado GOOGL-PERPlong	+0.0035%	1h	357.33	long leg	$557K	$80K	20x
Arcus GOOGL-USD	+0.0040%	1h	357.16	−0.047%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.53	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	+0.003%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.23	−0.027%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.31	−0.005%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.072%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.38	+0.014%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.63	+0.083%	$366K	$426K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	357.28	−0.014%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	+0.028%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.15	−0.050%	$3.0M	$91K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.24	−0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.34	+0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.34	+0.003%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0106%	8h	357.51	+0.051%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	357.54	+0.059%	$72.5M	$141.4M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0111%	8h	357.50	+0.049%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.45	+0.034%	$422K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.33	0.000%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	+0.045%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0245%	8h	357.65	+0.090%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0248%	1h	357.53	+0.056%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	−0.042%	$208K	$1.2M	10x	as long as short