Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.026%

Price spread now: Binance against Nado+0.040%48s7-day average +0.048% · 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—prices read too far apart to compare

costs, in and out, $10k−$360.360% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.070%+$7 on $10k

Price spread, last 2 days (all we have)−0.044%−$4 · spread now +0.040%, 7d avg +0.048%

Together, before fees+0.026%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.60	0.0002	pay 0.0000% / 1h	36m 39s	$556K	$80K	20x
Short	Binance GOOGLUSDT	356.74	0.0093	get 0.0093% / 8h	6h 36m	$72.7M	$141.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.040%Rate

Funding earned: $19.15
Price spread: +0.040% → +0.048%: −$0.81
Slippage, 4 orders: −$18.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.62
Costs to cover: 0.360%
Break-even: 13.4 days

Slippage from Nado: live order book, 31 min ago; Binance: live order book, 6 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 Nado live order book, 31 min ago	0.56 bp	10.8 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.14 bp	5.1 bp −$5	7.4 bp −$74	22.9 bp −$2,285	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	−0.0024%	1h	356.40	−0.056%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	+0.011%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.68	+0.022%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.042%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.036%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	+0.036%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.031%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.83	+0.064%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.033%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERPlong	+0.0002%	1h	356.60	long leg	$556K	$80K	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.44	−0.044%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	+0.017%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.77	+0.048%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.146%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	+0.017%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.031%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	+0.059%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.66	+0.017%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	−0.051%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	+0.011%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.037%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.75	+0.042%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.021%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	+0.046%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.63	+0.008%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	+0.005%	$137K	$36K	20x	as long as short
Binance GOOGLUSDTshort	+0.0093%	8h	356.74	+0.040%	$72.7M	$141.5M	50x
Extended GOOGL-USD	+0.0096%	1h	356.67	+0.020%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.024%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.34	−0.073%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.006%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.60	0.000%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	−0.009%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.92	+0.090%	$11.6M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.86	+0.073%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.037%	$651K	$234K	20x	as long as short