Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h +0.017%

Price spread now: Variational Omni against Nado+0.034%7-day average +0.018% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.034%, 7d avg +0.018%

Together, before fees+0.060%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.39	−0.0007	get 0.0001% / 1h	17m 49s	$550K	$88K	20x
Short	Variational Omni GOOGL	357.51	0	get 0.0000% / 8h	17m 49s	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.034%Rate

Funding earned: $1.4
Price spread: +0.034% → +0.018%: $1.64
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.97
Costs to cover: 0.070%
Break-even: 26.9 days

Slippage unknown: Nado: live order book, 20 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 20 min ago	0.42 bp	11.2 bp −$11	24.0 bp −$240	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	10.8 bp −$108	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	−0.0086%	1h	357.25	−0.039%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.084%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERPlong	−0.0007%	1h	357.39	long leg	$550K	$88K	20x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.50	+0.031%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.38	−0.003%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.63	+0.067%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.51	+0.034%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.54	+0.042%	$23K	$450K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.59	+0.056%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.69	+0.084%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.59	+0.056%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.70	+0.085%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.39	+0.001%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0028%	8h	357.59	+0.056%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.50	+0.031%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.50	+0.030%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.076%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.47	+0.022%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.28	−0.031%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.64	+0.070%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	−0.014%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.28	−0.031%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.33	−0.017%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.056%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	+0.035%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0052%	8h	357.04	−0.098%	$3.0M	$105K	20x	as long as short
Bybit GOOGLUSDT	+0.0087%	8h	357.57	+0.050%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.30	−0.026%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.29	−0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.40	+0.003%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.55	+0.045%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.25	−0.039%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0114%	8h	357.53	+0.039%	$689K	$236K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	357.33	−0.017%	$33K	—	20x	as long as short
edgeX GOOGLUSDC	+0.0435%	4h	357.34	−0.013%	$208K	$1.2M	10x	as long as short