Settings8H · net · $10k
LanguageThe language of the site
ThemeDark, or a soft blue-grey
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

GOOGL

RWAAll GOOGL markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
BackpackGOOGL.US_USDC_PERP
320.94+0.0050pay 0.0006% / 1h1m 11s$179K$9K10xLong Backpack
SHORT
LighterGOOGL
320.86+0.0032get 0.0004% / 1h1m 11s$9.9M$18.3M20xShort Lighter7d free
Price gap−0.025%
Funding gap−0.0018% /8h

Funding costs $1 a day on $10k at the current rate. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$32−0.0018% /8h now · paid −0.322% over the last 7D
Price−$2spread −0.025% now, avg −0.008% → −0.017% if it goes back
Costs−$120.116% of $10k · taker + slippage, in and out
Result−$46−0.46%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.025%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GOOGL on 43 exchanges

lowest funding first

Before you open

3 ok · 2 to watch
  • OK: Fits both order books5.8 / 0.2 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$1,000 + $500
    Backpack 10x, Lighter 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$0.54Long Backpack: 24 payments, −$1.50; short Lighter: 24 payments, +$0.96.
  • Note: Gap at its usual level−0.025% vs −0.008%
    The price leg adds little either way.
  • Watch: Long leg is thinner$179K vs $9.9M OI
    Backpack sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • Watch: KYCBackpack Yes · Lighter No
    KYC (ID, face scan, residency and source of income) before any trading.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.0153%/8h × 21 periods−$32.19
Price spread−0.025% → −0.008% (7d avg)−$1.70
Slippage, 4 orderslive order books−$1.62
Fee Backpack bp × 2 orders−$10.00
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k−$45.50
Costs to cover0.116%Break-evennever at this rate
Slippage: Backpack: live order book, 23 min ago; Lighter: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBackpack0.315.8 bp−$6doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTLighter0.160.2 bp$00.9 bp−$974.3 bp−$7,428doesn’t fit

Closing costs about the same again.

Alert

GOOGL news

posts that mention GOOGL or Alphabet, from every exchangeSearch all news →
10-23 16:53BackpackOtherEarnings & macro to watch for Oct 26–30 ▸ Macro: Fed decision, GDP, PCE ▸ Tech & AI: $GOOGL $MSFT $AMZN $INTC $SKHY $SNDK $VRT ▸ Crypto & finance: $HOOD $COIN $SOFI $V $MSTR ▸ Healthcare: $LLY $ABBV ▸ Energy: $XOM $CVX Full market calendar → @Backpack on X ↗
10-21 07:41PhemexOtherEarnings season is on. Tesla and Meta report this week. Alphabet, Microsoft, Amazon, Apple and NVIDIA follow through mid-November. 🤑 $200 pool. 20 winners. $10 USDT Bonus each. ✅ Follow @Phemex_official, share your view & Phemex UID below ✅ Post with #EarningsSeason and tag the ticker you’re watching Oct 21 – Oct 30 @Phemex_official on X ↗
10-20 08:33HTXOtherBIG tech earnings week incoming: Oct 21: $TSLA $META Oct 28: $MSFT $GOOGL Oct 29: $AMZN Which one has the BIGGEST move? Trade them 24/7 on @HTXFutures. @HTX_Global on X ↗
10-19 18:30ArcusProductLeverage update on Arcus: $SPCX and MAG7 perpetuals - $AAPL, $MSFT, $GOOGL, $AMZN, $NVDA, $META, $TSLA - now support up to 20x leverage (up from 5x and 10x). Live now. @arcus_xyz on X ↗
10-19 00:30OKXOtherTech giants report in the coming weeks. $TSLA $GOOGL $MSFT $META $AAPL $AMZN Trade eligible tokenized stocks anytime or make your earnings picks on Outcomes, where available. @okx on X ↗
10-15 15:54ReyaListingEarnings season has started. Microsoft, Alphabet and Meta report on 28 October. Amazon the 29th. Apple on 2 November. Mag 7 perps are live on Reya. Up to 15x. @reya_xyz on X ↗