Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.6% APRpaid last 24h −0.012%

Price spread now: Nado against Orderly−0.002%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	357.17	0.0100	pay 0.0100% / 8h	7h 41m	$10K	$11K	20x
Short	Nado GOOGL-PERP	357.16	0.0068	get 0.0008% / 1h	41m 06s	$549K	$88K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Orderly. 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 OrderlybpFee NadobpOrdersPrice spread, now −0.002%Rate

Funding earned: −$6.82
Price spread: −0.002% → 0.000%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$20.07
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Nado: live order book, 57 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 Orderly no order-book sample	—	—	—	—	—
Sell Nado live order book, 57 min ago	0.42 bp	14.4 bp −$14	26.8 bp −$268	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0080%	1h	357.34	+0.048%	$518K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0016%	1h	357.64	+0.132%	$33K	—	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0002%	1h	356.90	−0.076%	$24K	$153K	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.43	+0.074%	$366K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.37	+0.056%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.15	−0.006%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.30	+0.036%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.80	+0.175%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.28	+0.031%	$1K	$3.9M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.39	+0.062%	$115K	$209K	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	357.54	+0.104%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0021%	8h	357.22	+0.015%	$72.1M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.14	−0.009%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.30	+0.037%	$144K	$43K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0031%	8h	357.73	+0.157%	$23K	$427K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.19	+0.006%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.014%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.27	+0.028%	$1.2M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.12	−0.014%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.50	+0.092%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.07	−0.028%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	+0.003%	$117	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	+0.003%	$2.3M	$4.2M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0051%	1h	357.12	−0.014%	$98.3M	$21.3M	20x	as long as short
KuCoin GOOGLUSDTM	+0.0053%	8h	357.14	−0.008%	$3.0M	$137K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.27	+0.028%	$293	$253	5x	as long as short
Nado GOOGL-PERPshort	+0.0068%	1h	357.16	−0.002%	$549K	$88K	20x
Bybit GOOGLUSDT	+0.0083%	8h	357.22	+0.014%	$11.5M	$7.7M	100x	as long as short
BloFin GOOGL-USDT	+0.0084%	8h	357.31	+0.039%	$686K	$233K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.65	+0.134%	$138K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.12	−0.015%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	+0.106%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	357.17	long leg	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.16	−0.003%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0232%	1h	357.24	+0.020%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0770%	4h	357.83	+0.185%	$209K	$1.2M	10x	as long as short