Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Nado against Phemex−0.046%7-day average −0.052% · 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−$92as in the Price arb table

costs, in and out, $10k−$920.922% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.046%, 7d avg −0.052%

Together, before fees−0.052%+ Points / potential airdropNado: Active · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.19	0	get 0.0000% / 4h	49m 23s	$2.7M	$88K	10x
Short	Nado GOOGL-PERP	357.02	−0.0004	pay 0.0001% / 1h	49m 23s	$549K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now −0.046%Rate

Funding earned: −$0.84
Price spread: −0.046% → −0.052%: $0.52
Slippage, 4 orders: −$73.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$92.55
Costs to cover: 0.922%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Nado: live order book, 54 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 Phemex live order book, 4 min ago	1.40 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 54 min ago	0.56 bp	16.8 bp −$17	30.0 bp −$300	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	−0.0048%	1h	356.60	−0.165%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERPshort	−0.0004%	1h	357.02	−0.046%	$549K	$91K	20x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.23	+0.011%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.09	−0.028%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	−0.003%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	−0.026%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.13	−0.016%	$23K	$450K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.25	+0.017%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.99	−0.056%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.29	+0.028%	$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 GOOGLUSDTlong	0.0000%	4h	357.19	long leg	$2.7M	$88K	10x
Aster GOOGLUSDT	+0.0008%	8h	357.29	+0.027%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	357.06	−0.036%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.08	−0.031%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0030%	8h	357.25	+0.016%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.15	−0.011%	$1.3M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.15	−0.013%	$427K	$2.2M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.020%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.14	−0.014%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	−0.081%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.031%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.08	−0.031%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.94	−0.070%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.03	−0.045%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.83	−0.101%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.16	−0.009%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0067%	8h	356.81	−0.106%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.97	−0.061%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.91	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.08	−0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.10	−0.024%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	357.25	+0.017%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.11	−0.022%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0120%	8h	357.13	−0.017%	$689K	$236K	20x	as long as short
Lighter GOOGL	+0.0128%	1h	357.21	+0.006%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0249%	4h	357.08	−0.031%	$208K	$1.2M	10x	as long as short