Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.028%

Price spread now: SunX against Nado+0.063%7-day average +0.033% · 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−$121as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on Nado Short on SunX

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 3 days (all we have)+0.029%+$3 · spread now +0.063%, 7d avg +0.033%

Together, before fees+0.040%+ Points / potential airdropNado: Active · farm board+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.030% dearer against Nado than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.033%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.23	0.0033	pay 0.0004% / 1h	1m 18s	$556K	$80K	20x
Short	SunX GOOGL-USDT	356.45	0	get 0.0000% / 8h	7h 01m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$6.92
Price spread: +0.063% → +0.033%: $3.02
Slippage, 4 orders: −$109.08
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$127.98
Costs to cover: 1.241%
Break-even: never at this rate

Slippage from Nado: live order book, 7 min ago; SunX: live order book, 7 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, 7 min ago	0.56 bp	10.8 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	44.74 bp	49.2 bp −$49	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
Deribit GOOGL_USDC-PERPETUAL	−0.0003%	1h	356.09	−0.038%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.39	+0.046%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.47	+0.070%	$23K	$455K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	356.45	+0.063%	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	356.56	+0.094%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	+0.080%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0011%	1h	356.18	−0.011%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0025%	8h	356.44	+0.060%	$16.9M	$9.3M	100x	as long as short
Variational Omni GOOGL	+0.0027%	8h	356.41	+0.053%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.39	+0.046%	$2.1M	$1.1M	20x	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	356.43	+0.057%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	−0.002%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERPlong	+0.0033%	1h	356.23	long leg	$556K	$80K	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.251%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.48	+0.071%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.25	+0.007%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.21	−0.004%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.24	+0.004%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.18	−0.013%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.34	+0.032%	$1.3M	$4.6M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0066%	8h	356.39	+0.047%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.54	+0.090%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0081%	8h	356.48	+0.071%	$11.5M	$7.5M	100x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.38	+0.043%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	356.25	+0.007%	$33K	—	20x	as long as short
Binance GOOGLUSDT	+0.0100%	8h	356.46	+0.066%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.24	+0.004%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.16	−0.018%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.016%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.23	+0.001%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.30	+0.020%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	+0.021%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0181%	8h	356.46	+0.066%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0220%	8h	356.45	+0.063%	$647K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	+0.004%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	+0.052%	$209K	$1.2M	10x	as long as short