Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.027%

Price spread now: Nado against Phemex−0.033%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$840.840% of the position

Long on Phemex Short on Nado

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 3 days (all we have)−0.055%−$5 · spread now −0.033%, 7d avg −0.051%

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GOOGLUSDT	356.72	0	get 0.0000% / 4h	2h 36m	$2.7M	$67K	10x
Short	Nado GOOGL-PERP	356.60	0.0002	get 0.0000% / 1h	36m 56s	$556K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phemex. 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 PhemexbpFee NadobpOrdersPrice spread, now −0.033%Rate

Funding earned: $0.37
Price spread: −0.033% → −0.051%: $1.75
Slippage, 4 orders: −$64.98
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$81.87
Costs to cover: 0.840%
Break-even: 1561.2 days

Slippage from Phemex: live order book, 2 min ago; Nado: live order book, 31 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 Phemex live order book, 2 min ago	1.96 bp	27.2 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 31 min ago	0.56 bp	14.8 bp −$15	21.9 bp −$219	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	−0.0024%	1h	356.40	−0.090%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	−0.022%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.68	−0.011%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.008%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.002%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.73	+0.003%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.064%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.83	+0.031%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDTlong	0.0000%	4h	356.72	long leg	$2.7M	$67K	10x
Nado GOOGL-PERPshort	+0.0002%	1h	356.60	−0.033%	$556K	$80K	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.44	−0.078%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	−0.017%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.75	+0.008%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.112%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	−0.017%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.48	−0.067%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.81	+0.025%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.72	0.000%	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.62	−0.028%	$98.6M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.42	−0.084%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.64	−0.022%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.40	−0.090%	$2.3M	$4.9M	15x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.013%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.75	+0.008%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	356.61	−0.030%	$365K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.028%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0094%	8h	356.71	−0.003%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.61	−0.030%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.53	−0.054%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.112%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.039%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.60	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.57	−0.042%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0118%	8h	356.90	+0.050%	$11.6M	$7.6M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.86	+0.039%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.070%	$651K	$234K	20x	as long as short