Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.025%
Price spread now: Lighter RH against Arcus+0.112%7-day average +0.050% · 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−$13as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 4 days (all we have)−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.112%, 7d avg +0.050%
=Together, before fees−0.219%+ Points / potential airdropLighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.062% dearer against Arcus than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.050%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus GOOGL-USD | 357.06 | 0.0040 | pay 0.0005% / 1h | 46m 18s | $207K | $277K | 10x |
| Short | Lighter RH GOOGL | 357.46 | 0.0032 | get 0.0004% / 1h | 46m 18s | $1.3M | $2.1M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.74
- Price spread: +0.112% → +0.050%
- $6.16
- Slippage, 4 orders
- −$14.42
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$14.5
- Costs to cover
- 0.189%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 7 min ago; Lighter RH: live order book, 2 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 Arcus live order book, 7 min ago | 1.12 bp | 7.0 bp −$7 | 16.6 bp −$166 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 2 min ago | 1.54 bp | 1.7 bp −$2 | 4.1 bp −$41 | 45.7 bp −$4,568 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate GOOGL_USDT | 0.0000% | 8h | 357.32 | +0.073% | $3.6M | $7.3M | 100x | as long as short |
| Bitget GOOGLUSDT | 0.0000% | 8h | 357.44 | +0.106% | $17.4M | $9.6M | 100x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.41 | +0.098% | $797 | $4.1M | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | 0.0000% | 1h | 357.14 | +0.022% | $24K | $155K | 10x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.59 | +0.148% | $115K | $220K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.44 | +0.106% | $2.7M | $85K | 10x | as long as short |
| Coinbase International GOOGL-PERP-INTX | +0.0016% | 1h | 356.93 | −0.036% | $522K | $1.1M | 10x | as long as short |
| Variational Omni GOOGL | +0.0029% | 8h | 357.45 | +0.110% | $4.8M | $2.3M | — | as long as short |
| Aftermath Perps GOOGLUSD | +0.0030% | 1h | 357.13 | +0.021% | $144K | $48K | 10x | as long as short |
| Lighter RH GOOGLshort | +0.0032% | 1h | 357.46 | +0.112% | $1.3M | $2.1M | 20x |
Show all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | +0.017% | $128K | $45K | 30x | as long as short |
| GRVT GOOGL_USDT_Perp | +0.0036% | 8h | 357.25 | +0.053% | $23K | $435K | 10x | as long as short |
| Arcus GOOGL-USDlong | +0.0040% | 1h | 357.06 | long leg | $207K | $277K | 10x | |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.46 | +0.112% | — | $5K | 25x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.22 | +0.045% | $685K | $429K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.18 | +0.034% | $140 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 356.86 | −0.056% | $2.3M | $4.8M | 15x | as long as short |
| Nado GOOGL-PERP | +0.0056% | 1h | 357.21 | +0.043% | $557K | $80K | 20x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0058% | 1h | 357.23 | +0.048% | $99.1M | $20.5M | 20x | as long as short |
| QFEX GOOGL-USD | +0.0064% | 1h | 357.27 | +0.059% | $1.3M | $4.2M | 10x | as long as short |
| Aster GOOGLUSDT | +0.0088% | 8h | 357.54 | +0.135% | $366K | $426K | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.33 | +0.076% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.15 | +0.025% | $3.0M | $91K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.13 | +0.020% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.19 | +0.036% | $10K | $11K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.27 | +0.058% | $25K | — | 10x | as long as short |
| Binance GOOGLUSDT | +0.0108% | 8h | 357.46 | +0.111% | $72.5M | $141.4M | 50x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0110% | 8h | 357.41 | +0.098% | $13.8M | $12.4M | 50x | as long as short |
| Extended GOOGL-USD | +0.0112% | 1h | 357.33 | +0.076% | $422K | $1.8M | 20x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0116% | 8h | 357.33 | +0.075% | $293 | $253 | 5x | as long as short |
| Hotstuff GOOGL-PERP | +0.0144% | 1h | 357.22 | +0.045% | $33K | — | 20x | as long as short |
| Phoenix GOOGL | +0.0179% | 1h | 357.20 | +0.039% | $137K | $36K | 20x | as long as short |
| BloFin GOOGL-USDT | +0.0229% | 8h | 357.22 | +0.045% | $693K | $234K | 20x | as long as short |
| Bybit GOOGLUSDT | +0.0248% | 8h | 357.55 | +0.137% | $12.0M | $7.5M | 100x | as long as short |
| Lighter GOOGL | +0.0280% | 1h | 357.44 | +0.106% | $2.0M | $1.3M | 20x | as long as short |
| edgeX GOOGLUSDC | +0.0517% | 4h | 357.29 | +0.065% | $208K | $1.2M | 10x | as long as short |
Lighter RH GOOGL
Gate GOOGL_USDT
Bitget GOOGLUSDT
SunX GOOGL-USDT
Deribit GOOGL_USDC-PERPETUAL
HTX GOOGL-USDT
Phemex GOOGLUSDT
Coinbase International GOOGL-PERP-INTX
Variational Omni GOOGL
Aftermath Perps GOOGLUSD
Injective GOOGL/USDC PERP
GRVT GOOGL_USDT_Perp
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
tradeXYZ xyz:GOOGL
Aster GOOGLUSDT
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Binance GOOGLUSDT
OKX GOOGL-USDT-SWAP
Extended GOOGL-USD
Paradex GOOGL-USD-PERP
Phoenix GOOGL
BloFin GOOGL-USDT
Bybit GOOGLUSDT
Lighter GOOGL
edgeX GOOGLUSDC