Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h 0.000%

Price spread now: Nado against Bitget−0.073%7-day average −0.029% · 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−$44as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Bitget Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.046%−$5 on $10k

Price spread, last 3 days (all we have)+0.009%+$1 · spread now −0.073%, 7d avg −0.029%

Together, before fees−0.037%+ Points / potential airdropNado: Active · farm board−$4 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 0.045% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GOOGLUSDT	356.55	0.0080	pay 0.0080% / 8h	7h 25m	$17.0M	$9.2M	100x
Short	Nado GOOGL-PERP	356.29	0.0043	get 0.0005% / 1h	25m 09s	$557K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bitget. 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 BitgetbpFee NadobpOrdersPrice spread, now −0.073%Rate

Funding earned: −$7.76
Price spread: −0.073% → −0.029%: −$4.46
Slippage, 4 orders: −$20.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$52.01
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Nado: live order book, 48 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 Bitget live order book, 4 min ago	0.56 bp	7.3 bp −$7	10.6 bp −$106	30.6 bp −$3,057	doesn't fit
Sell Nado live order book, 48 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	356.32	−0.065%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.44	−0.031%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.52	−0.008%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.52	−0.008%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.21	−0.095%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.62	+0.020%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.031%	$2.7M	$66K	10x	as long as short
edgeX GOOGLUSDC	+0.0006%	4h	356.49	−0.016%	$209K	$1.2M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	356.24	−0.087%	$144K	$52K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.52	−0.008%	$1.4M	$2.3M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	355.85	−0.196%	$528K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.160%	$128K	$45K	30x	as long as short
Lighter GOOGL	+0.0040%	1h	356.44	−0.031%	$2.1M	$1.1M	20x	as long as short
Nado GOOGL-PERPshort	+0.0043%	1h	356.29	−0.073%	$557K	$80K	20x
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	−0.006%	—	$5K	25x	as long as short
Variational Omni GOOGL	+0.0049%	8h	356.48	−0.021%	$4.8M	$2.3M	—	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.35	−0.056%	$98.3M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.28	−0.076%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.33	−0.062%	$175	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.112%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.43	−0.034%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0077%	8h	356.44	−0.032%	$292	$253	5x	as long as short
Bitget GOOGLUSDTlong	+0.0080%	8h	356.55	long leg	$17.0M	$9.2M	100x
Aster GOOGLUSDT	+0.0094%	8h	356.65	+0.029%	$365K	$457K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.085%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.126%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.30	−0.070%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.32	−0.065%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.38	−0.049%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	356.59	+0.011%	$11.5M	$7.7M	100x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.45	−0.028%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0114%	8h	356.54	−0.003%	$72.9M	$142.0M	50x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.27	−0.079%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0193%	8h	356.64	+0.025%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0234%	8h	356.54	−0.003%	$689K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.30	−0.070%	$202K	$271K	10x	as long as short