Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0106%/8h= +11.6% APRpaid last 24h −0.001%

Price spread now: Nado against Variational Omni−0.050%7-day average −0.016% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.050%, 7d avg −0.016%

Together, before fees−0.011%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.035% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of −0.016%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.56	0.0026	pay 0.0026% / 8h	1h 14m	$4.6M	$2.5M	—
Short	Nado GOOGL-PERP	356.38	0.0131	get 0.0016% / 1h	14m 56s	$559K	$82K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.050%Rate

Funding earned: $22.19
Price spread: −0.050% → −0.016%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $11.73
Costs to cover: 0.070%
Break-even: 3.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Nado: live order book, 3 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 Variational Omni RFQ quote, 4 min ago	2.62 bp	doesn't fit	10.4 bp −$104	doesn't fit	doesn't fit
Sell Nado live order book, 3 min ago	0.56 bp	14.9 bp −$15	26.3 bp −$263	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	−0.104%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.51	−0.014%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.64	+0.022%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.75	+0.053%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.60	+0.011%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.20	−0.100%	$144K	$54K	10x	as long as short
Variational Omni GOOGLlong	+0.0026%	8h	356.56	long leg	$4.6M	$2.5M	—
Lighter RH GOOGL	+0.0032%	1h	356.71	+0.042%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.157%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0034%	8h	356.55	−0.002%	$23K	$477K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0040%	1h	356.36	−0.056%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.51	−0.014%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	−0.009%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.43	−0.037%	$98.0M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.40	−0.045%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.42	−0.039%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.09	−0.132%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	356.66	+0.028%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	356.81	+0.071%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.63	+0.019%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.64	+0.022%	$16.9M	$9.2M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	−0.020%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.24	−0.090%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.087%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.49	−0.020%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0101%	8h	356.63	+0.020%	$13.8M	$12.8M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	−0.014%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	356.62	+0.017%	$73.0M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.55	−0.004%	$421K	$1.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0115%	1h	356.48	−0.023%	$22K	$151K	10x	as long as short
Nado GOOGL-PERPshort	+0.0131%	1h	356.38	−0.050%	$559K	$82K	20x
Phoenix GOOGL	+0.0135%	1h	356.38	−0.051%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.41	−0.042%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	356.60	+0.011%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0272%	1h	356.69	+0.036%	$2.0M	$1.0M	20x	as long as short
edgeX GOOGLUSDC	+0.0722%	4h	356.54	−0.004%	$208K	$1.2M	10x	as long as short