Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h +0.009%

Price spread now: Lighter against Aster−0.018%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 4 days (all we have)−0.076%−$8 · spread now −0.018%, 7d avg −0.020%

Together, before fees+0.047%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.020%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.123% in total (about 6.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	356.58	0.0079	pay 0.0079% / 8h	1h 19m	$362K	$455K	20x
Short	Lighter GOOGL	356.52	0.0272	get 0.0034% / 1h	19m 22s	$2.0M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now −0.018%Rate

Funding earned: $40.44
Price spread: −0.018% → −0.020%: $0.13
Slippage, 4 orders: −$29.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $3.46
Costs to cover: 0.371%
Break-even: 6.4 days

Slippage from Aster: live order book, 63 min ago; Lighter: 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 Aster live order book, 63 min ago	2.11 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	0.42 bp	0.6 bp −$1	2.6 bp −$26	101.7 bp −$10.2K	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	356.19	−0.111%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.36	−0.063%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.47	−0.032%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.001%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	−0.021%	$2.7M	$64K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0003%	1h	356.27	−0.088%	$22K	$151K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0016%	1h	356.25	−0.094%	$144K	$54K	10x	as long as short
Variational Omni GOOGL	+0.0021%	8h	356.43	−0.043%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	+0.0031%	8h	356.45	−0.038%	$23K	$481K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.57	−0.004%	$1.4M	$2.5M	20x	as long as short

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	+0.150%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.38	−0.057%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.43	−0.043%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.24	−0.097%	$98.1M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.097%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.094%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.116%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0055%	8h	356.53	−0.015%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDTlong	+0.0079%	8h	356.58	long leg	$362K	$455K	20x
Paradex GOOGL-USD-PERP	+0.0086%	8h	356.41	−0.048%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0088%	8h	356.50	−0.024%	$16.9M	$9.2M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	356.24	−0.097%	$33K	—	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0097%	8h	356.51	−0.021%	$13.8M	$12.8M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.36	−0.063%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.04	−0.153%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.20	−0.108%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.40	−0.052%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0104%	8h	356.47	−0.033%	$73.0M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.40	−0.052%	$421K	$1.6M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.37	−0.060%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0133%	1h	356.22	−0.102%	$557K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.34	−0.069%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.27	−0.088%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	356.54	−0.013%	$691K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0224%	4h	356.43	−0.043%	$208K	$1.2M	10x	as long as short
Lighter GOOGLshort	+0.0272%	1h	356.52	−0.018%	$2.0M	$1.0M	20x