Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0946%/8h= +103.6% APRpaid last 24h +0.168%

Price spread now: edgeX against Nado+0.055%7-day average +0.016% · 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−$37as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.598%+$60 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.055%, 7d avg +0.016%

Together, before fees+0.556%+ Points / potential airdropNado: Active · edgeX: Active · farm board+$56 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$28 a day on $10k at the current rate, and edgeX is 0.039% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	357.40	0.0008	pay 0.0001% / 1h	5m 17s	$557K	$86K	20x
Short	edgeX GOOGLUSDC	357.60	0.0954	get 0.0477% / 4h	3h 05m	$208K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.055%Rate

Funding earned: $198.67
Price spread: +0.055% → +0.016%: $3.89
Slippage, 4 orders: −$24.76
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $161.8
Costs to cover: 0.408%
Break-even: 1.3 days

Slippage from Nado: live order book, 48 min ago; edgeX: live order book, 4 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, 48 min ago	0.14 bp	10.8 bp −$11	18.9 bp −$189	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	3.22 bp	7.9 bp −$8	11.3 bp −$113	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
Gate GOOGL_USDT	0.0000%	8h	357.48	+0.022%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.62	+0.061%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.058%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.40	0.000%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.65	+0.070%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.68	+0.078%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERPlong	+0.0008%	1h	357.40	long leg	$557K	$86K	20x
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	+0.075%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.50	+0.027%	$144K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	357.63	+0.064%	$24K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0029%	8h	357.57	+0.048%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.59	+0.053%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.079%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.37	−0.009%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.67	+0.075%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.41	+0.002%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.37	−0.009%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.40	0.000%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.062%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.52	+0.033%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.53	+0.035%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0070%	8h	357.55	+0.042%	$13.7M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	357.53	+0.036%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.002%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.46	+0.016%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.44	+0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	+0.025%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0103%	8h	357.60	+0.056%	$72.4M	$142.9M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.51	+0.030%	$419K	$1.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.40	0.000%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.46	+0.015%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.50	+0.028%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	357.61	+0.058%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.67	+0.075%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0241%	8h	357.74	+0.095%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDCshort	+0.0954%	4h	357.60	+0.055%	$208K	$1.2M	10x