Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.026%

Price spread now: Nado against Phemex−0.055%7-day average −0.051% · 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−$79as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.198%−$20 · spread now −0.055%, 7d avg −0.051%

Together, before fees−0.209%+ Points / potential airdropNado: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.051%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	357.75	0	get 0.0000% / 4h	1h 24m	$2.7M	$78K	10x
Short	Nado GOOGL-PERP	357.55	−0.0050	pay 0.0006% / 1h	24m 03s	$558K	$81K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now −0.055%Rate

Funding earned: −$10.55
Price spread: −0.055% → −0.051%: −$0.43
Slippage, 4 orders: −$59.72
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$89.7
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Nado: live order book, 39 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 Phemex live order book, 5 min ago	2.80 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 39 min ago	0.14 bp	14.2 bp −$14	22.6 bp −$226	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	−0.0064%	1h	357.46	−0.081%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERPshort	−0.0050%	1h	357.55	−0.055%	$558K	$81K	20x
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.35	−0.112%	$23K	$154K	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	357.51	−0.067%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.045%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	−0.025%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	−0.003%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	0.000%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.84	+0.025%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	357.75	long leg	$2.7M	$78K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	−0.048%	$144K	$50K	10x	as long as short
Aster GOOGLUSDT	+0.0017%	8h	357.61	−0.040%	$366K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0021%	8h	357.81	+0.017%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	−0.025%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.67	−0.022%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.176%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0037%	8h	357.74	−0.003%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.65	−0.028%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.081%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.78	+0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.46	−0.081%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.081%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.50	−0.070%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.087%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.68	−0.020%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0073%	8h	357.76	+0.003%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.49	−0.072%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.070%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.53	−0.061%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.054%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	357.72	−0.008%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	−0.011%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.70	−0.014%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0151%	8h	357.69	−0.017%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0632%	4h	357.66	−0.025%	$209K	$1.2M	10x	as long as short