Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 13:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h +0.012%

Price spread now: Orderly against Nado+0.070%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

The price spread pays, funding is against you. Orderly is 0.070% dearer against Nado than usual: you sell high and buy low (spread +0.070% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.43	0.0183	pay 0.0023% / 1h	22m 26s	$550K	$85K	20x
Short	Orderly PERP_GOOGL_USDC	356.68	0.0100	get 0.0100% / 8h	3h 22m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.070%Rate

Funding earned: −$17.4
Price spread: +0.070% → 0.000%: $7.02
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$23.38
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 14 min ago; Orderly: no order-book sample. Net counts fees only.

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, 14 min ago	0.70 bp	11.0 bp −$11	15.7 bp −$157	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 35 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
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.82	+0.110%	$13.3M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.73	+0.084%	$3.7M	$6.0M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.83	+0.112%	$1K	$3.2M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	0.0000%	1h	356.54	+0.031%	$531K	$1.1M	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.93	+0.140%	$114K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.02	+0.166%	$2.7M	$116K	10x	as long as short
Bybit GOOGLUSDT	+0.0024%	8h	356.89	+0.129%	$11.7M	$7.5M	100x	as long as short
Variational Omni GOOGL	+0.0025%	8h	356.78	+0.098%	$5.0M	$2.3M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.75	+0.090%	$1.4M	$1.8M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0033%	8h	356.94	+0.144%	$12K	$428K	10x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.194%	$128K	$45K	30x	as long as short
Aftermath Perps GOOGLUSD	+0.0036%	1h	356.64	+0.058%	$144K	$40K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.71	+0.079%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.68	+0.070%	$718K	$505K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.56	+0.037%	$115	$49K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.38	−0.014%	$2.3M	$3.4M	15x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	356.73	+0.084%	$1.2M	$3.9M	10x	as long as short
Aster GOOGLUSDT	+0.0091%	8h	356.70	+0.076%	$368K	$39K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.76	+0.093%	$423K	$3.1M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.90	+0.131%	$73.6M	$140.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.71	+0.080%	$42K	$19K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.43	0.000%	$3.0M	$413K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.44	+0.003%	$35K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.68	+0.070%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.69	+0.073%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	356.68	+0.070%	$292	—	5x	as long as short
tradeXYZ xyz:GOOGL	+0.0140%	1h	356.65	+0.062%	$98.1M	$20.4M	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.65	+0.062%	$137K	$60K	20x	as long as short
Bitget GOOGLUSDT	+0.0171%	8h	356.89	+0.129%	$18.2M	$8.9M	100x	as long as short
Nado GOOGL-PERPlong	+0.0183%	1h	356.43	long leg	$550K	$85K	20x
Arcus GOOGL-USD	+0.0195%	1h	356.63	+0.056%	$212K	$208K	10x	as long as short
BloFin GOOGL-USDT	+0.0213%	8h	356.85	+0.118%	$688K	$229K	20x	as long as short
Lighter GOOGL	+0.0248%	1h	356.70	+0.076%	$2.0M	$2.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0452%	1h	356.61	+0.051%	$29K	$90K	10x	as long as short
edgeX GOOGLUSDC	+0.0646%	4h	356.85	+0.118%	$207K	$1.2M	10x	as long as short