Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.064%

Price spread now: Nado against BloFin−0.039%7-day average −0.034% · 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−$39as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on BloFin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.190%−$19 on $10k

Price spread, last 4 days (all we have)−0.209%−$21 · spread now −0.039%, 7d avg −0.034%

Together, before fees−0.399%+ Points / potential airdropNado: Active · farm board−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GOOGL-USDT	357.69	0.0151	pay 0.0151% / 8h	5h 24m	$697K	$234K	20x
Short	Nado GOOGL-PERP	357.55	−0.0050	pay 0.0006% / 1h	24m 09s	$558K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BloFin. 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 BloFinbpFee NadobpOrdersPrice spread, now −0.039%Rate

Funding earned: −$42.18
Price spread: −0.039% → −0.034%: −$0.49
Slippage, 4 orders: −$19.15
Fee BloFin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$80.82
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from BloFin: live order book, 18 min ago; Nado: live order book, 39 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 BloFin live order book, 18 min ago	0.14 bp	7.5 bp −$8	8.9 bp −$89	15.5 bp −$1,555	doesn't fit
Sell Nado live order book, 39 min ago	0.14 bp	14.2 bp −$14	22.6 bp −$226	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	−0.0064%	1h	357.46	−0.064%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERPshort	−0.0050%	1h	357.55	−0.039%	$558K	$81K	20x
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.35	−0.095%	$23K	$154K	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.51	−0.050%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.028%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	−0.008%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.014%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.017%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.84	+0.042%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.017%	$2.7M	$78K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	−0.031%	$144K	$50K	10x	as long as short
Aster GOOGLUSDT	+0.0017%	8h	357.61	−0.023%	$366K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0021%	8h	357.81	+0.034%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	−0.008%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.67	−0.006%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.159%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0037%	8h	357.75	+0.016%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.65	−0.011%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.064%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.78	+0.025%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.48	−0.059%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.064%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.50	−0.053%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.070%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.68	−0.004%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0073%	8h	357.76	+0.020%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	−0.056%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.053%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.53	−0.045%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.037%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	357.72	+0.008%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.006%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.70	+0.003%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDTlong	+0.0151%	8h	357.69	long leg	$697K	$234K	20x
edgeX GOOGLUSDC	+0.0632%	4h	357.66	−0.008%	$209K	$1.2M	10x	as long as short