Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.008%

Price spread now: Nado against Variational Omni−0.043%7-day average −0.017% · you buy dearer than you sell

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

Long on Variational Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.049%−$5 on $10k

Price spread, last 3 days (all we have)+0.027%+$3 · spread now −0.043%, 7d avg −0.017%

Together, before fees−0.022%+ Points / potential airdropVariational Omni: Active · Nado: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Nado is 0.026% cheaper against Variational Omni than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.41	0.0027	pay 0.0027% / 8h	6h 58m	$4.8M	$2.3M	—
Short	Nado GOOGL-PERP	356.26	−0.0004	pay 0.0001% / 1h	58m 10s	$556K	$80K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Variational Omni. 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 Variational OmnibpFee NadobpOrdersPrice spread, now −0.043%Rate

Funding earned: −$6.47
Price spread: −0.043% → −0.017%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$16.07
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Nado: live order book, 10 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 Variational Omni RFQ quote, 1 min ago	2.62 bp	doesn't fit	8.1 bp −$81	doesn't fit	doesn't fit
Sell Nado live order book, 10 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
Deribit GOOGL_USDC-PERPETUAL	−0.0115%	1h	356.04	−0.105%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.22	−0.054%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERPshort	−0.0004%	1h	356.26	−0.043%	$556K	$80K	20x
Gate GOOGL_USDT	0.0000%	8h	356.35	−0.018%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.44	+0.007%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.40	−0.004%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.37	−0.012%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.039%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.19	−0.063%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0018%	8h	356.45	+0.010%	$16.9M	$9.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGLlong	+0.0027%	8h	356.41	long leg	$4.8M	$2.3M	—
Lighter GOOGL	+0.0032%	1h	356.35	−0.018%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.42	+0.002%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.198%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.24	−0.048%	$202K	$271K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	+0.010%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.18	−0.065%	$98.3M	$22.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.19	−0.062%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	−0.062%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.22	−0.054%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.33	−0.023%	$1.3M	$4.6M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.19	−0.062%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.39	−0.007%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0067%	8h	356.46	+0.013%	$11.5M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0078%	8h	356.57	+0.044%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.32	−0.027%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.40	−0.004%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.21	−0.057%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.14	−0.076%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.17	−0.068%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.24	−0.048%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.28	−0.036%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	−0.032%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.50	+0.025%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	356.49	+0.022%	$647K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0952%	4h	356.41	0.000%	$209K	$1.2M	10x	as long as short