Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.023%

Price spread now: Lighter against Bitget−0.028%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.128%+$13 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.028%, 7d avg −0.033%

Together, before fees+0.134%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GOOGLUSDT	357.36	0	get 0.0000% / 8h	1h 58m	$17.3M	$9.8M	100x
Short	Lighter GOOGL	357.26	0.0144	get 0.0018% / 1h	58m 09s	$2.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $30.24
Price spread: −0.028% → −0.033%: $0.47
Slippage, 4 orders: −$5.08
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $13.63
Costs to cover: 0.171%
Break-even: 3.8 days

Slippage from Bitget: live order book, 1 min ago; Lighter: 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 Bitget live order book, 1 min ago	0.84 bp	7.8 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.28 bp	0.4 bp $0	2.5 bp −$25	79.8 bp −$7,976	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	−0.0030%	1h	356.94	−0.118%	$24K	$156K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.88	−0.134%	$519K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0024%	1h	357.08	−0.079%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.17	−0.053%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.13	−0.064%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTlong	0.0000%	8h	357.36	long leg	$17.3M	$9.8M	100x
Variational Omni GOOGL	0.0000%	8h	357.23	−0.037%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.33	−0.009%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.34	−0.006%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.41	+0.014%	$115K	$213K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.33	−0.008%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.17	−0.053%	$145K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.25	−0.031%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.067%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.37	+0.002%	$366K	$424K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.01	−0.098%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.31	−0.014%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.19	−0.048%	$1.2M	$4.2M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.99	−0.104%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.02	−0.095%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.06	−0.084%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.02	−0.095%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.140%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.21	−0.043%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.28	−0.024%	$72.0M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.17	−0.054%	$422K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.05	−0.086%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.79	−0.160%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.08	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.08	−0.078%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.10	−0.072%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.16	−0.056%	$137K	$36K	20x	as long as short
Lighter GOOGLshort	+0.0144%	1h	357.26	−0.028%	$2.0M	$1.3M	20x
BloFin GOOGL-USDT	+0.0181%	8h	357.31	−0.014%	$688K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0188%	8h	357.30	−0.017%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0192%	4h	357.24	−0.034%	$208K	$1.2M	10x	as long as short