Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0632%/8h= +69.2% APRpaid last 24h +0.173%

Price spread now: edgeX against Nado+0.060%62s7-day average +0.016% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.414% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.598%+$60 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.060%, 7d avg +0.016%

Together, before fees+0.594%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$59 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and edgeX is 0.044% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.36	−0.0009	get 0.0001% / 1h	4m 01s	$550K	$88K	20x
Short	edgeX GOOGLUSDC	357.57	0.0623	get 0.0312% / 4h	4m 01s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $132.75
Price spread: +0.060% → +0.016%: $4.39
Slippage, 4 orders: −$25.44
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $95.7
Costs to cover: 0.414%
Break-even: 2.0 days

Slippage from Nado: live order book, 34 min ago; edgeX: live order book, 5 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, 34 min ago	0.42 bp	11.2 bp −$11	24.0 bp −$240	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	3.21 bp	8.0 bp −$8	11.3 bp −$113	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	−0.0048%	1h	357.09	−0.075%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERPlong	−0.0009%	1h	357.36	long leg	$550K	$88K	20x
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.63	+0.076%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.50	+0.040%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.73	+0.104%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	+0.061%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.58	+0.062%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.071%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.002%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.75	+0.110%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.70	+0.096%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.72	+0.103%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.66	+0.084%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.53	+0.049%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.62	+0.072%	$72.1M	$143.2M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.44	+0.023%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.066%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.54	+0.051%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	+0.009%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.19	−0.047%	$3.0M	$114K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.69	+0.093%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.42	+0.017%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.42	+0.017%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.33	−0.008%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.38	+0.006%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.33	−0.008%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	357.49	+0.036%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0075%	8h	357.62	+0.073%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.30	−0.015%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.32	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.002%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0102%	8h	357.60	+0.068%	$688K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.45	+0.026%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.39	+0.009%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.52	+0.045%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0623%	4h	357.57	+0.060%	$209K	$1.2M	10x