Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.001%

Price spread now: Lighter against Binance+0.014%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$120.122% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 2 days (all we have)+0.007%+$1 · spread now +0.014%, 7d avg +0.003%

Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, 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	Binance GOOGLUSDT	357.66	0.0062	pay 0.0062% / 8h	5h 56m	$72.9M	$141.5M	50x
Short	Lighter GOOGL	357.71	0.0104	get 0.0013% / 1h	56m 27s	$2.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.014%Rate

Funding earned: $8.9
Price spread: +0.014% → +0.003%: $1.08
Slippage, 4 orders: −$2.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.2
Costs to cover: 0.122%
Break-even: 8.7 days

Slippage from Binance: live order book, 2 min ago; Lighter: live order book, 5 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 Binance live order book, 2 min ago	0.14 bp	5.4 bp −$5	7.7 bp −$77	19.3 bp −$1,926	doesn't fit
Sell Lighter live order book, 5 min ago	0.70 bp	0.9 bp −$1	3.6 bp −$36	74.6 bp −$7,458	doesn't fit

GOOGL on 35 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	−0.0064%	1h	357.00	−0.185%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0052%	1h	357.53	−0.038%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.53	−0.036%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.29	−0.103%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.41	−0.069%	$24K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	−0.014%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.38	−0.078%	$23K	$154K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.77	+0.031%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.58	−0.022%	$2.7M	$74K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0006%	1h	357.18	−0.134%	$144K	$50K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX GOOGL-USD	+0.0028%	1h	357.56	−0.028%	$1.3M	$4.4M	10x	as long as short
Bitget GOOGLUSDT	+0.0031%	8h	357.63	−0.008%	$17.0M	$9.3M	100x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.70	+0.011%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.151%	$128K	$45K	30x	as long as short
Bybit GOOGLUSDT	+0.0040%	8h	357.70	+0.011%	$11.7M	$7.4M	100x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.24	−0.117%	$202K	$272K	10x	as long as short
Aster GOOGLUSDT	+0.0042%	8h	357.51	−0.041%	$365K	$458K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	+0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.44	−0.062%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.30	−0.101%	$685K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.35	−0.087%	$149	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.24	−0.117%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.65	−0.004%	$293	$253	5x	as long as short
Binance GOOGLUSDTlong	+0.0062%	8h	357.66	long leg	$72.9M	$141.5M	50x
Extended GOOGL-USD	+0.0064%	1h	357.58	−0.024%	$421K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	357.47	−0.053%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.27	−0.109%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.077%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.20	−0.129%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.29	−0.103%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.41	−0.070%	$10K	$10K	20x	as long as short
Lighter GOOGLshort	+0.0104%	1h	357.71	+0.014%	$2.1M	$1.2M	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.39	−0.077%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0144%	8h	357.59	−0.020%	$13.8M	$12.5M	50x	as long as short
edgeX GOOGLUSDC	+0.0846%	4h	357.17	−0.136%	$208K	$1.2M	10x	as long as short