Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.008%

Price spread now: Nado against Variational Omni−0.120%7-day average −0.017% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.104%+$10 · spread now −0.120%, 7d avg −0.017%

Together, before fees+0.055%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board+$5 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: Nado is 0.102% cheaper against Variational Omni than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.48	0.0049	pay 0.0049% / 8h	7h 23m	$4.8M	$2.3M	—
Short	Nado GOOGL-PERP	356.05	0.0046	get 0.0006% / 1h	23m 19s	$556K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.120%Rate

Funding earned: −$0.65
Price spread: −0.120% → −0.017%: −$10.22
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.86
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Nado: live order book, 50 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	7.5 bp −$75	doesn't fit	doesn't fit
Sell Nado live order book, 50 min ago	0.28 bp	14.4 bp −$14	25.3 bp −$253	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
Hotstuff GOOGL-PERP	−0.0032%	1h	356.16	−0.089%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.28	−0.055%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.53	+0.015%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.26	−0.061%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.07	−0.114%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.43	−0.013%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.049%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.16	−0.088%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.31	−0.047%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.176%	$528K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.181%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.23	−0.069%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERPshort	+0.0046%	1h	356.05	−0.120%	$556K	$80K	20x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.30	−0.049%	—	$5K	25x	as long as short
Variational Omni GOOGLlong	+0.0049%	8h	356.48	long leg	$4.8M	$2.3M	—
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.09	−0.108%	$98.2M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.06	−0.117%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.11	−0.103%	$177	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.092%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.19	−0.080%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0076%	8h	356.26	−0.061%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	356.42	−0.016%	$17.0M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0092%	8h	356.44	−0.010%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0099%	8h	356.34	−0.038%	$11.5M	$7.7M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.04	−0.124%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.92	−0.156%	$3.0M	$64K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.30	−0.049%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.11	−0.103%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.14	−0.096%	$25K	—	10x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.16	−0.088%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0113%	8h	356.24	−0.066%	$72.8M	$142.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	−0.019%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0191%	8h	356.41	−0.019%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0233%	8h	356.31	−0.047%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.066%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0538%	4h	356.48	0.000%	$209K	$1.2M	10x	as long as short