Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0062%/8h= −6.7% APRpaid last 24h −0.026%

Price spread now: Nado against Binance−0.051%7-day average −0.048% · 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−$35as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Binance Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 2 days (all we have)+0.057%+$6 · spread now −0.051%, 7d avg −0.048%

Together, before fees−0.013%+ Points / potential airdropNado: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	356.31	0.0132	pay 0.0132% / 8h	7h 45m	$73.1M	$142.4M	50x
Short	Nado GOOGL-PERP	356.13	0.0071	get 0.0009% / 1h	45m 29s	$559K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Binance. 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 BinancebpFee NadobpOrdersPrice spread, now −0.051%Rate

Funding earned: −$12.92
Price spread: −0.051% → −0.048%: −$0.34
Slippage, 4 orders: −$17.8
Fee Binance: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$48.06
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Nado: live order book, 28 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 Binance live order book, 13 min ago	0.14 bp	5.3 bp −$5	7.6 bp −$76	28.4 bp −$2,841	doesn't fit
Sell Nado live order book, 28 min ago	0.28 bp	14.4 bp −$14	25.3 bp −$253	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
Gate GOOGL_USDT	0.0000%	8h	356.28	−0.008%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.52	+0.059%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.17	−0.039%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.53	+0.062%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.62	+0.087%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.44	+0.036%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	+0.106%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDC	+0.0028%	4h	356.60	+0.082%	$210K	$1.2M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.37	+0.017%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	+0.008%	$529K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.227%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.38	+0.020%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.06	−0.070%	$98.1M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.13	−0.051%	$683K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.23	−0.022%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.97	−0.095%	$2.3M	$4.8M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	356.16	−0.042%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.25	−0.017%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.40	+0.025%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERPshort	+0.0071%	1h	356.13	−0.051%	$559K	$81K	20x
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.28	−0.010%	$292	$253	5x	as long as short
Lighter GOOGL	+0.0096%	1h	356.28	−0.008%	$2.1M	$1.1M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.003%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.94	−0.104%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.41	+0.028%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.26	−0.014%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.34	+0.007%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	356.38	+0.020%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.55	+0.067%	$364K	$457K	20x	as long as short
Binance GOOGLUSDTlong	+0.0132%	8h	356.31	long leg	$73.1M	$142.4M	50x
Extended GOOGL-USD	+0.0136%	1h	356.24	−0.021%	$421K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0138%	8h	356.32	+0.003%	$16.9M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.29	−0.006%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0198%	8h	356.32	+0.003%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.70	+0.109%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.33	+0.006%	$202K	$271K	10x	as long as short