Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.004%

Price spread now: Nado against KuCoin+0.009%7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$1971.967% of the position

Long on KuCoin Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.027%−$3 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.009%, 7d avg +0.045%

Together, before fees−0.028%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Nado is 0.036% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	357.50	0.0100	pay 0.0100% / 8h	5h 23m	$3.0M	$65K	20x
Short	Nado GOOGL-PERP	357.53	−0.0048	pay 0.0006% / 1h	23m 05s	$558K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against KuCoin. 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 KuCoinbpFee NadobpOrdersPrice spread, now +0.009%Rate

Funding earned: −$31.03
Price spread: +0.009% → +0.045%: −$3.59
Slippage, 4 orders: −$177.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$231.29
Costs to cover: 1.967%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Nado: live order book, 40 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 KuCoin live order book, 4 min ago	3.22 bp	88.8 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 40 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	−0.011%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERPshort	−0.0048%	1h	357.53	+0.009%	$558K	$80K	20x
Gate GOOGL_USDT	0.0000%	8h	357.58	+0.022%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	+0.045%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	+0.067%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.70	+0.056%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.042%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.82	+0.090%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.75	+0.070%	$2.7M	$78K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.58	+0.022%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0016%	8h	357.59	+0.024%	$365K	$458K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0016%	1h	357.50	0.000%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	+0.0023%	8h	357.81	+0.087%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	+0.045%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.68	+0.050%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.106%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.70	+0.056%	$72.8M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.61	+0.032%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.45	−0.014%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.75	+0.070%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	−0.008%	$99.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.011%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.49	−0.003%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.017%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	357.64	+0.038%	$293	$253	5x	as long as short
edgeX GOOGLUSDC	+0.0056%	4h	357.66	+0.045%	$209K	$1.2M	10x	as long as short
Bitget GOOGLUSDT	+0.0072%	8h	357.76	+0.073%	$17.1M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.007%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	357.50	long leg	$3.0M	$65K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.54	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.52	+0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.52	+0.006%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	357.72	+0.062%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	+0.011%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	357.71	+0.059%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0144%	8h	357.69	+0.053%	$697K	$234K	20x	as long as short