Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.044%

Price spread now: Lighter RH against Binance+0.022%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$140.142% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.022%, 7d avg −0.043%

Together, before fees−0.073%+ Points / potential airdropLighter RH: Points live · farm board−$7 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 0.064% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.73	0.0040	pay 0.0040% / 8h	5h 29m	$72.9M	$141.2M	50x
Short	Lighter RH GOOGL	357.81	0.0032	get 0.0004% / 1h	29m 08s	$1.3M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$1.72
Price spread: +0.022% → −0.043%: $6.44
Slippage, 4 orders: −$4.23
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.51
Costs to cover: 0.142%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Lighter RH: live order book, 4 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, 14 min ago	0.14 bp	5.6 bp −$6	6.2 bp −$62	18.1 bp −$1,809	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.26 bp	1.9 bp −$2	5.2 bp −$52	50.5 bp −$5,050	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
Deribit GOOGL_USDC-PERPETUAL	−0.0086%	1h	357.47	−0.073%	$23K	$154K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.076%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0054%	1h	357.67	−0.016%	$558K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.040%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.71	−0.006%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.75	+0.006%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.83	+0.027%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.92	+0.052%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.87	+0.038%	$2.7M	$77K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0003%	1h	357.58	−0.044%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0015%	8h	357.88	+0.041%	$11.8M	$7.5M	100x	as long as short
Aster GOOGLUSDT	+0.0020%	8h	357.71	−0.008%	$366K	$458K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.68	−0.015%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.81	+0.022%	$1.3M	$2.3M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.171%	$128K	$45K	30x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.70	−0.009%	$426K	$1.8M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.61	−0.034%	$33K	—	20x	as long as short
Binance GOOGLUSDTlong	+0.0040%	8h	357.73	long leg	$72.9M	$141.2M	50x
Arcus GOOGL-USD	+0.0040%	1h	357.50	−0.065%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.88	+0.041%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.054%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.48	−0.071%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.60	−0.037%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	−0.068%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.79	+0.016%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0076%	8h	357.79	+0.016%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.58	−0.041%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.065%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.58	−0.043%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.71	−0.006%	$10K	$10K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.83	+0.027%	$2.1M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.64	−0.025%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.71	−0.006%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0112%	8h	357.78	+0.013%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0160%	8h	357.69	−0.012%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0514%	4h	357.77	+0.009%	$209K	$1.2M	10x	as long as short