Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0117%/8h= −12.8% APRpaid last 24h −0.030%

Price spread now: Nado against Bybit−0.084%7-day average −0.046% · 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−$43as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.072%−$7 · spread now −0.084%, 7d avg −0.046%

Together, before fees−0.160%+ Points / potential airdropNado: Active · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.038% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.90	0.0118	pay 0.0118% / 8h	6h 37m	$11.6M	$7.6M	100x
Short	Nado GOOGL-PERP	356.60	0.0002	get 0.0000% / 1h	37m 04s	$556K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bybit. 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 BybitbpFee NadobpOrdersPrice spread, now −0.084%Rate

Funding earned: −$24.48
Price spread: −0.084% → −0.046%: −$3.83
Slippage, 4 orders: −$21.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$67.82
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Nado: live order book, 31 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 Bybit live order book, 1 min ago	0.28 bp	7.2 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Nado live order book, 31 min ago	0.56 bp	14.8 bp −$15	21.9 bp −$219	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	356.40	−0.140%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	−0.073%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.68	−0.062%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	−0.042%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.048%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	−0.048%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.115%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.83	−0.020%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	−0.050%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERPshort	+0.0002%	1h	356.60	−0.084%	$556K	$80K	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.44	−0.128%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	−0.067%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.75	−0.042%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.062%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	−0.067%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.48	−0.118%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	−0.025%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.72	−0.050%	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.62	−0.078%	$98.6M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	−0.134%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	−0.073%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.40	−0.140%	$2.3M	$4.9M	15x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.063%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.75	−0.043%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	356.61	−0.080%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.078%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0094%	8h	356.71	−0.054%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.61	−0.080%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.53	−0.104%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.163%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.090%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.60	−0.084%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	−0.093%	$25K	—	10x	as long as short
Bybit GOOGLUSDTlong	+0.0118%	8h	356.90	long leg	$11.6M	$7.6M	100x
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.86	−0.011%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.120%	$651K	$234K	20x	as long as short