Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.018%

Price spread now: Nado against HTX−0.119%7-day average −0.067% · 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−$46as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on HTX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.119%, 7d avg −0.067%

Together, before fees−0.042%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.052% cheaper against HTX than usual: you would sell low and buy high (spread −0.119% now, against its 7-day average of −0.067%). If the spread goes back, that is −$5 on $10k: about 38 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.96	0	get 0.0000% / 8h	5h 27m	$115K	$211K	30x
Short	Nado GOOGL-PERP	357.53	0.0110	get 0.0014% / 1h	27m 08s	$552K	$83K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against HTX. 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 HTXbpFee NadobpOrdersPrice spread, now −0.119%Rate

Funding earned: $23.13
Price spread: −0.119% → −0.067%: −$5.19
Slippage, 4 orders: −$21.44
Fee HTX: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$22.5
Costs to cover: 0.404%
Break-even: 13.8 days

Slippage from HTX: live order book, 17 min ago; Nado: live order book, 19 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 HTX live order book, 17 min ago	2.79 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Nado live order book, 19 min ago	0.42 bp	14.3 bp −$14	28.4 bp −$284	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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	−0.1600%	1h	357.47	−0.137%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.176%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.71	−0.070%	$11.6M	$7.9M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.76	−0.056%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.67	−0.081%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.85	−0.031%	$17.4M	$10.0M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.82	−0.039%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.84	−0.034%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.96	long leg	$115K	$211K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.90	−0.017%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.68	−0.078%	$144K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.77	−0.053%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.235%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.78	−0.050%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0048%	8h	357.84	−0.034%	$367K	$420K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.56	−0.112%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.078%	$685K	$426K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.55	−0.115%	$105	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.41	−0.154%	$2.3M	$4.0M	15x	as long as short
GRVT GOOGL_USDT_Perp	+0.0054%	8h	357.91	−0.014%	$12K	$467K	10x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.72	−0.067%	$1.2M	$4.1M	10x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.72	−0.067%	$428K	$2.4M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.64	−0.090%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0065%	8h	357.84	−0.034%	$73.2M	$146.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.44	−0.146%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.42	−0.151%	$3.0M	$277K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	−0.117%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.71	−0.070%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.64	−0.088%	$25K	—	10x	as long as short
Nado GOOGL-PERPshort	+0.0110%	1h	357.53	−0.119%	$552K	$83K	20x
Phoenix GOOGL	+0.0134%	1h	357.69	−0.075%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.77	−0.053%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0185%	8h	357.82	−0.039%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.55	−0.115%	$212K	$226K	10x	as long as short
edgeX GOOGLUSDC	+0.0233%	4h	357.81	−0.042%	$208K	$1.2M	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0309%	1h	357.69	−0.075%	$29K	$151K	10x	as long as short