Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0056%/8hpaid last 24h +0.003%

Price spread now: Variational Omni against Nado+0.108%7-day average +0.013% · you sell dearer than you buy

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

Long on Nado Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.048%+$5 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.108%, 7d avg +0.013%

Together, before fees−0.014%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.095% dearer against Nado than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of +0.013%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado GOOGL-PERP	356.30	0.0056	pay 0.0007% / 1h	22m 25s	$556K	$78K	20x
Short	Variational Omni GOOGL	356.68	0	get 0.0000% / 8h	4h 22m	$4.3M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.108%Rate

Funding earned: −$11.72
Price spread: +0.108% → +0.013%: $9.51
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$9.21
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 10 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 10 min ago	0.70 bp	5.0 bp −$5	9.6 bp −$96	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	8.4 bp −$84	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
Bybit GOOGLUSDT	0.0000%	8h	356.47	+0.049%	$11.3M	$7.1M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.36	+0.018%	$3.6M	$7.2M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	356.68	+0.108%	$4.3M	$2.3M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.77	+0.133%	$23K	$521K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.46	+0.046%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.42	+0.035%	$23K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.61	+0.088%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.65	+0.099%	$2.7M	$59K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0012%	8h	356.43	+0.037%	$13.8M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0013%	8h	356.33	+0.009%	$362K	$482K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	356.47	+0.047%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0025%	8h	356.47	+0.048%	$73.1M	$136.0M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.47	+0.049%	$1.4M	$2.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.231%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.43	+0.037%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.60	+0.085%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.30	+0.001%	$98.3M	$25.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.28	−0.005%	$690K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.29	−0.002%	$214	$43K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	+0.004%	$2.2M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.45	+0.043%	$292	$253	5x	as long as short
Nado GOOGL-PERPlong	+0.0056%	1h	356.30	long leg	$556K	$78K	20x
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.302%	$518K	$1.0M	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.34	+0.012%	$137K	$48K	20x	as long as short
Bitget GOOGLUSDT	+0.0093%	8h	356.46	+0.046%	$17.1M	$8.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0095%	1h	356.37	+0.022%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.47	+0.049%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.09	−0.058%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	+0.091%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.48	+0.051%	$11K	$9K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	356.56	+0.074%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.37	+0.019%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0105%	8h	356.51	+0.060%	$700K	$221K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0176%	1h	356.39	+0.026%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.34	+0.012%	$202K	$302K	10x	as long as short
edgeX GOOGLUSDC	+0.0834%	4h	356.80	+0.141%	$208K	$1.1M	10x	as long as short