Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.064%

Price spread now: BloFin against Nado+0.029%7-day average +0.034% · 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−$39as in the Price arb table

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

Long on Nado Short on BloFin

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)+0.218%+$22 · spread now +0.029%, 7d avg +0.034%

Together, before fees+0.408%+ Points / potential airdropNado: Active · farm board+$41 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	Nado GOOGL-PERP	357.58	−0.0052	get 0.0007% / 1h	25m 47s	$558K	$81K	20x
Short	BloFin GOOGL-USDT	357.69	0.0156	get 0.0156% / 8h	5h 25m	$697K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.029%Rate

Funding earned: $43.88
Price spread: +0.029% → +0.034%: −$0.42
Slippage, 4 orders: −$19.15
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $5.3
Costs to cover: 0.382%
Break-even: 6.2 days

Slippage from Nado: live order book, 37 min ago; BloFin: live order book, 16 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, 37 min ago	0.14 bp	10.3 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	0.14 bp	6.1 bp −$6	7.3 bp −$73	14.3 bp −$1,431	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	−0.035%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERPlong	−0.0052%	1h	357.58	long leg	$558K	$81K	20x
Deribit GOOGL_USDC-PERPETUAL	−0.0002%	1h	357.43	−0.043%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	+0.007%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	+0.022%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.81	+0.063%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.041%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.80	+0.060%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.055%	$2.7M	$77K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	−0.002%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0017%	8h	357.81	+0.063%	$11.8M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0018%	8h	357.61	+0.008%	$366K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.021%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.74	+0.043%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.130%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.73	+0.040%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.63	+0.013%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.47	−0.032%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.80	+0.060%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.024%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.038%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.015%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	−0.026%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.71	+0.034%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0075%	8h	357.79	+0.057%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.53	−0.015%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.51	−0.021%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.024%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.58	−0.001%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.61	+0.007%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.008%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.74	+0.043%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	+0.035%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.77	+0.052%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDTshort	+0.0156%	8h	357.69	+0.029%	$697K	$234K	20x
edgeX GOOGLUSDC	+0.0993%	4h	357.75	+0.046%	$209K	$1.2M	10x	as long as short