Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0007%/8h= +0.7% APRpaid last 24h −0.014%

Price spread now: Bitget against Nado+0.104%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.033%+$3 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.104%, 7d avg +0.028%

Together, before fees+0.007%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.076% dearer against Nado than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.30	0.0111	pay 0.0014% / 1h	36m 31s	$559K	$82K	20x
Short	Bitget GOOGLUSDT	356.67	0.0118	get 0.0118% / 8h	36m 31s	$16.9M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Nado. 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 NadobpFee BitgetbpOrdersPrice spread, now +0.104%Rate

Funding earned: $1.4
Price spread: +0.104% → +0.028%: $7.58
Slippage, 4 orders: −$20.03
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$30.04
Costs to cover: 0.390%
Break-even: 156.7 days

Slippage from Nado: live order book, 42 min ago; Bitget: 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 Nado live order book, 42 min ago	0.56 bp	9.4 bp −$9	19.9 bp −$199	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.70 bp	7.6 bp −$8	11.4 bp −$114	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	356.50	+0.056%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.60	+0.084%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.71	+0.115%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.76	+0.129%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	+0.028%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0015%	1h	356.42	+0.033%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.64	+0.095%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.230%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.053%	—	$5K	25x	as long as short
GRVT GOOGL_USDT_Perp	+0.0047%	8h	356.59	+0.081%	$23K	$474K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps GOOG-USD	+0.0050%	1h	356.36	+0.017%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.32	+0.005%	$200	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.24	−0.017%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGL	+0.0054%	8h	356.55	+0.070%	$4.7M	$2.6M	—	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.51	+0.059%	$1.3M	$4.9M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0061%	1h	356.35	+0.014%	$98.9M	$25.2M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0088%	8h	356.52	+0.063%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0098%	8h	356.65	+0.098%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.014%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	+0.005%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.35	+0.014%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.57	+0.076%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	+0.060%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0108%	8h	356.75	+0.128%	$362K	$455K	20x	as long as short
Nado GOOGL-PERPlong	+0.0111%	1h	356.30	long leg	$559K	$82K	20x
Bitget GOOGLUSDTshort	+0.0118%	8h	356.67	+0.104%	$16.9M	$9.3M	100x
Extended GOOGL-USD	+0.0128%	1h	356.55	+0.070%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0129%	8h	356.62	+0.090%	$73.1M	$142.8M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0136%	1h	356.35	+0.014%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0151%	8h	356.68	+0.106%	$13.9M	$12.9M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.49	+0.053%	$137K	$48K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0171%	1h	356.41	+0.031%	$23K	$152K	10x	as long as short
BloFin GOOGL-USDT	+0.0249%	8h	356.65	+0.098%	$692K	$236K	20x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.39	+0.025%	$202K	$271K	10x	as long as short
Lighter GOOGL	+0.0296%	1h	356.61	+0.087%	$2.1M	$1.1M	20x	as long as short
edgeX GOOGLUSDC	+0.0310%	4h	356.66	+0.101%	$210K	$1.2M	10x	as long as short