Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0030%/8h= −3.2% APRpaid last 24h −0.042%

Price spread now: Lighter RH against Aster−0.027%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.027%, 7d avg −0.022%

Together, before fees−0.083%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	357.14	0.0062	pay 0.0062% / 8h	2h 30m	$365K	$426K	20x
Short	Lighter RH GOOGL	357.04	0.0032	get 0.0004% / 1h	30m 07s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.027%Rate

Funding earned: −$6.21
Price spread: −0.027% → −0.022%: −$0.47
Slippage, 4 orders: −$31.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$46.44
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Aster: live order book, 17 min ago; Lighter RH: live order book, 3 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, 17 min ago	3.64 bp	28.0 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.40 bp	1.7 bp −$2	4.4 bp −$44	45.5 bp −$4,554	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	356.91	−0.063%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.07	−0.018%	$17.3M	$9.9M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.98	−0.044%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.05	−0.024%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.105%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.19	+0.015%	$115K	$215K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.06	−0.021%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0006%	1h	356.85	−0.080%	$557K	$86K	20x	as long as short
Variational Omni GOOGL	+0.0006%	8h	356.98	−0.044%	$4.7M	$2.3M	—	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.57	−0.158%	$519K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX GOOGL-USDT-SWAP	+0.0021%	8h	356.98	−0.044%	$13.7M	$12.8M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.79	−0.096%	$144K	$47K	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.04	−0.027%	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.004%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.74	−0.111%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.11	−0.007%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	356.98	−0.044%	$1.2M	$4.3M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.81	−0.091%	$98.1M	$21.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.088%	$684K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.79	−0.097%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.59	−0.153%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDTlong	+0.0062%	8h	357.14	long leg	$365K	$426K	20x
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.97	−0.046%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.94	−0.054%	$424K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0082%	8h	357.05	−0.025%	$72.1M	$143.7M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.85	−0.081%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.89	−0.069%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.83	−0.086%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.85	−0.080%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.90	−0.067%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.03	−0.030%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	356.84	−0.083%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0152%	1h	356.74	−0.111%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0202%	8h	357.03	−0.030%	$693K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0215%	8h	357.13	−0.002%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0619%	4h	356.93	−0.059%	$208K	$1.2M	10x	as long as short