Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.022%

Price spread now: Nado against HTX−0.087%7-day average −0.065% · 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−$45as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.087%, 7d avg −0.065%

Together, before fees−0.056%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.022% cheaper against HTX than usual: you would sell low and buy high (spread −0.087% now, against its 7-day average of −0.065%). If the spread goes back, that is −$2 on $10k: about 2.2 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.30	0	get 0.0000% / 8h	2h 45m	$115K	$215K	30x
Short	Nado GOOGL-PERP	356.99	0.0033	get 0.0004% / 1h	45m 52s	$557K	$86K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.087%Rate

Funding earned: $7
Price spread: −0.087% → −0.065%: −$2.15
Slippage, 4 orders: −$23.96
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38.11
Costs to cover: 0.430%
Break-even: 45.1 days

Slippage from HTX: live order book, 1 min ago; Nado: live order book, 2 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 HTX live order book, 1 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.28 bp	14.8 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
Gate GOOGL_USDT	0.0000%	8h	357.15	−0.042%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.27	−0.008%	$17.4M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.27	−0.008%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.96	−0.095%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.30	long leg	$115K	$215K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.40	+0.028%	$2.7M	$87K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0008%	8h	357.35	+0.014%	$24K	$447K	10x	as long as short
Variational Omni GOOGL	+0.0015%	8h	357.17	−0.036%	$4.8M	$2.4M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.19	−0.031%	$521K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.16	−0.041%	$144K	$47K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.21	−0.025%	$1.3M	$2.1M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0032%	1h	357.01	−0.081%	$33K	—	20x	as long as short
Nado GOOGL-PERPshort	+0.0033%	1h	356.99	−0.087%	$557K	$86K	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.050%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.03	−0.076%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.21	−0.025%	—	$5K	25x	as long as short
OKX GOOGL-USDT-SWAP	+0.0046%	8h	357.15	−0.042%	$13.7M	$12.5M	50x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.16	−0.039%	$1.3M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.04	−0.073%	$99.1M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.02	−0.078%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.02	−0.078%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.93	−0.104%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	357.15	−0.043%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	357.40	+0.029%	$366K	$426K	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	357.23	−0.020%	$72.3M	$143.1M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.14	−0.046%	$424K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.00	−0.084%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.04	−0.073%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.16	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.13	−0.048%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.10	−0.057%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.21	−0.025%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0152%	1h	357.21	−0.025%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0212%	8h	357.29	−0.003%	$694K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0228%	8h	357.34	+0.011%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0457%	4h	357.23	−0.019%	$208K	$1.2M	10x	as long as short