Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0079%/8h= −8.7% APRpaid last 24h −0.024%

Price spread now: Phemex against Nado+0.117%7-day average +0.051% · 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−$112as in the Price arb table

costs, in and out, $10k−$1191.190% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.055%+$5 · spread now +0.117%, 7d avg +0.051%

Together, before fees+0.066%+ Points / potential airdropNado: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.066% dearer against Nado than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.051%): +$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	357.41	0.0079	pay 0.0010% / 1h	10m 43s	$557K	$81K	20x
Short	Phemex GOOGLUSDT	357.83	0	get 0.0000% / 4h	10m 43s	$2.7M	$86K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.117%Rate

Funding earned: −$16.62
Price spread: +0.117% → +0.051%: $6.62
Slippage, 4 orders: −$99.98
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$128.97
Costs to cover: 1.190%
Break-even: never at this rate

Slippage from Nado: live order book, 47 min ago; Phemex: live order book, 3 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, 47 min ago	0.14 bp	11.5 bp −$11	21.7 bp −$217	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.82 bp	50.1 bp −$50	doesn't fit	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	−0.0048%	1h	357.54	+0.036%	$526K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	357.48	+0.020%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.62	+0.059%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.77	+0.101%	$17.4M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.76	+0.098%	$23K	$432K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.74	+0.092%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.106%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDTshort	0.0000%	4h	357.83	+0.117%	$2.7M	$86K	10x
Variational Omni GOOGL	+0.0009%	8h	357.68	+0.075%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.63	+0.061%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.75	+0.095%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.081%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	+0.008%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.65	+0.067%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.070%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	+0.014%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.49	+0.022%	$147	$46K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	+0.036%	$99.1M	$20.5M	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.34	−0.020%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	357.89	+0.133%	$366K	$426K	20x	as long as short
Nado GOOGL-PERPlong	+0.0079%	1h	357.41	long leg	$557K	$81K	20x
Extended GOOGL-USD	+0.0088%	1h	357.67	+0.073%	$423K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0093%	8h	357.77	+0.101%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.004%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.31	−0.028%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.48	+0.020%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.59	+0.050%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	+0.046%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.63	+0.060%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	+0.053%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.74	+0.092%	$13.8M	$12.4M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.50	+0.025%	$24K	$155K	10x	as long as short
BloFin GOOGL-USDT	+0.0212%	8h	357.75	+0.095%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0219%	8h	357.81	+0.112%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.76	+0.098%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0650%	4h	357.72	+0.085%	$209K	$1.2M	10x	as long as short