Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0047%/8h= −5.2% APRpaid last 24h −0.027%

Price spread now: Nado against Aster−0.070%7-day average −0.038% · 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−$63as in the Price arb table

costs, in and out, $10k−$600.596% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.069%−$7 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.070%, 7d avg −0.038%

Together, before fees−0.032%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.032% cheaper against Aster than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.55	0.0088	pay 0.0088% / 8h	3h 44m	$366K	$426K	20x
Short	Nado GOOGL-PERP	357.30	0.0041	get 0.0005% / 1h	44m 23s	$557K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now −0.070%Rate

Funding earned: −$9.95
Price spread: −0.070% → −0.038%: −$3.25
Slippage, 4 orders: −$44.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$72.79
Costs to cover: 0.596%
Break-even: never at this rate

Slippage from Aster: live order book, 8 min ago; Nado: live order book, 9 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 Aster live order book, 8 min ago	3.08 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 9 min ago	0.14 bp	13.9 bp −$14	30.1 bp −$301	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
Deribit GOOGL_USDC-PERPETUAL	−0.0002%	1h	357.15	−0.112%	$24K	$155K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.34	−0.059%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.48	−0.020%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.46	−0.025%	$783	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.53	−0.006%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	−0.031%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.173%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0029%	1h	357.13	−0.118%	$144K	$48K	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	−0.044%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.48	−0.020%	$1.3M	$2.1M	20x	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	−0.120%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0036%	8h	357.25	−0.084%	$23K	$435K	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.11	−0.123%	$207K	$277K	10x	as long as short
Nado GOOGL-PERPshort	+0.0041%	1h	357.30	−0.070%	$557K	$80K	20x
Vest GOOGL-USD-PERP	+0.0046%	1h	357.51	−0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.28	−0.076%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	−0.092%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.26	−0.081%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.134%	$2.3M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.34	−0.059%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDTlong	+0.0088%	8h	357.55	long leg	$366K	$426K	20x
Hotstuff GOOGL-PERP	+0.0096%	1h	357.28	−0.076%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	−0.034%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.112%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.19	−0.101%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.30	−0.070%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.32	−0.066%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0107%	8h	357.45	−0.028%	$13.8M	$12.4M	50x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.47	−0.021%	$72.5M	$141.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.37	−0.050%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0113%	8h	357.42	−0.036%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.20	−0.098%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0228%	8h	357.49	−0.017%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	357.57	+0.006%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0272%	1h	357.48	−0.020%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0629%	4h	357.18	−0.104%	$208K	$1.2M	10x	as long as short