Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h −0.033%

Price spread now: Nado against OKX−0.079%7-day average −0.037% · 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−$42as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on OKX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now −0.079%, 7d avg −0.037%

Together, before fees−0.102%+ Points / potential airdropNado: Active · farm board−$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.041% cheaper against OKX than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of −0.037%). If the spread goes back, that is −$4 on $10k: about 47 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	356.45	0.0069	pay 0.0069% / 8h	1h 45m	$13.8M	$12.8M	50x
Short	Nado GOOGL-PERP	356.17	0.0140	get 0.0017% / 1h	45m 16s	$558K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against OKX. 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 OKXbpFee NadobpOrdersPrice spread, now −0.079%Rate

Funding earned: $14.9
Price spread: −0.079% → −0.037%: −$4.15
Slippage, 4 orders: −$20.96
Fee OKX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$27.21
Costs to cover: 0.380%
Break-even: 19.8 days

Slippage from OKX: live order book, 3 min ago; Nado: live order book, 38 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 OKX live order book, 3 min ago	0.14 bp	7.4 bp −$7	12.5 bp −$125	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	0.14 bp	15.1 bp −$15	23.8 bp −$238	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	−0.0024%	1h	356.19	−0.073%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.31	−0.039%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.35	−0.028%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.35	−0.027%	$23K	$491K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	−0.003%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.039%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	−0.003%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.10	−0.099%	$144K	$55K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	356.48	+0.008%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0029%	8h	356.60	+0.041%	$362K	$455K	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	356.52	+0.020%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.188%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.25	−0.056%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.36	−0.025%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.40	−0.014%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.059%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.056%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.07	−0.107%	$2.3M	$5.0M	15x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.44	−0.003%	$73.1M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.38	−0.019%	$421K	$1.6M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0057%	1h	356.27	−0.050%	$98.0M	$25.2M	20x	as long as short
Bitget GOOGLUSDT	+0.0066%	8h	356.50	+0.014%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0069%	8h	356.45	long leg	$13.8M	$12.8M	50x
edgeX GOOGLUSDC	+0.0069%	4h	356.37	−0.024%	$208K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.37	−0.023%	$292	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.33	−0.034%	$22K	$151K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.11	−0.094%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.109%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.112%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	−0.036%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.27	−0.050%	$137K	$48K	20x	as long as short
Nado GOOGL-PERPshort	+0.0140%	1h	356.17	−0.079%	$558K	$81K	20x
Arcus GOOGL-USD	+0.0169%	1h	356.22	−0.065%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.39	−0.017%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0264%	1h	356.49	+0.011%	$2.0M	$1.0M	20x	as long as short