Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0090%/8h= +9.9% APRpaid last 24h +0.031%

Price spread now: Bybit against Nado+0.048%7-day average +0.046% · 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−$41as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Nado Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now +0.048%, 7d avg +0.046%

Together, before fees+0.196%+ Points / potential airdropNado: Active · farm board+$20 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.046%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.49	−0.0064	get 0.0008% / 1h	52m 15s	$558K	$80K	20x
Short	Bybit GOOGLUSDT	357.66	0.0026	get 0.0026% / 8h	5h 52m	$11.7M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $18.9
Price spread: +0.048% → +0.046%: $0.22
Slippage, 4 orders: −$23.35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.23
Costs to cover: 0.414%
Break-even: 15.2 days

Slippage from Nado: live order book, 11 min ago; Bybit: live order book, 1 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, 11 min ago	0.14 bp	10.3 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.14 bp	8.0 bp −$8	11.6 bp −$116	doesn't fit	doesn't fit

GOOGL on 35 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	357.29	−0.056%	$523K	$1.1M	10x	as long as short
Nado GOOGL-PERPlong	−0.0064%	1h	357.49	long leg	$558K	$80K	20x
Deribit GOOGL_USDC-PERPETUAL	−0.0058%	1h	357.37	−0.033%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.51	+0.006%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	+0.024%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	+0.022%	$24K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.58	+0.025%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.76	+0.076%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.74	+0.070%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.34	−0.041%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDTshort	+0.0026%	8h	357.66	+0.048%	$11.7M	$7.4M	100x
QFEX GOOGL-USD	+0.0028%	1h	357.49	0.000%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.68	+0.053%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.103%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0039%	8h	357.56	+0.020%	$365K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.36	−0.036%	$202K	$272K	10x	as long as short
Bitget GOOGLUSDT	+0.0043%	8h	357.62	+0.037%	$17.0M	$9.3M	100x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.71	+0.062%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.42	−0.019%	$99.0M	$22.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.26	−0.064%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.48	−0.003%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.24	−0.070%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.59	+0.027%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	357.62	+0.035%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.53	+0.012%	$421K	$1.8M	20x	as long as short
Lighter GOOGL	+0.0080%	1h	357.70	+0.059%	$2.1M	$1.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0080%	1h	357.49	0.000%	$33K	—	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.37	−0.033%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.19	−0.084%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.42	−0.019%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.51	+0.006%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.50	+0.002%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	−0.005%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0139%	8h	357.64	+0.042%	$13.8M	$12.5M	50x	as long as short
edgeX GOOGLUSDC	+0.0580%	4h	357.60	+0.032%	$209K	$1.2M	10x	as long as short