Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.018%

Price spread now: Lighter RH against Bitget−0.017%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

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

costs, in and out, $10k−$200.199% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.027%−$3 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.017%, 7d avg −0.043%

Together, before fees−0.048%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.026% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread 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	Bitget GOOGLUSDT	357.36	0	get 0.0000% / 8h	4h 31m	$18.1M	$10.1M	100x
Short	Lighter RH GOOGL	357.30	0.0032	get 0.0004% / 1h	31m 17s	$1.4M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.017%Rate

Funding earned: $6.72
Price spread: −0.017% → −0.043%: $2.62
Slippage, 4 orders: −$7.91
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.57
Costs to cover: 0.199%
Break-even: 18.0 days

Slippage from Bitget: live order book, 5 min ago; Lighter RH: 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 Bitget live order book, 5 min ago	0.14 bp	7.7 bp −$8	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.54 bp	1.7 bp −$2	3.5 bp −$35	43.5 bp −$4,348	doesn't fit

GOOGL on 35 exchanges

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	−0.0016%	1h	357.20	−0.045%	$532K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.31	−0.014%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.26	−0.028%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.20	−0.045%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDTlong	0.0000%	8h	357.36	long leg	$18.1M	$10.1M	100x
Variational Omni GOOGL	0.0000%	8h	357.40	+0.012%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.56	+0.056%	$12K	$461K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.26	−0.028%	$1K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.08	−0.078%	$29K	$150K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.39	+0.008%	$115K	$211K	30x	as long as short

Show all 35 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.46	+0.028%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0021%	8h	357.49	+0.038%	$367K	$43K	20x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.30	−0.017%	$1.4M	$1.9M	20x
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.16	−0.057%	$144K	$41K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.067%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0040%	8h	357.30	−0.015%	$72.9M	$146.0M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.18	−0.050%	$423K	$2.9M	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.27	−0.025%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.07	−0.081%	$97.9M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.17	−0.053%	$719K	$515K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.07	−0.081%	$99	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.96	−0.112%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.20	−0.044%	$293	$253	5x	as long as short
Nado GOOGL-PERP	+0.0063%	1h	357.02	−0.096%	$549K	$86K	20x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.22	−0.039%	$1.3M	$4.0M	10x	as long as short
Lighter GOOGL	+0.0096%	1h	357.16	−0.056%	$2.0M	$2.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.92	−0.124%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.94	−0.118%	$3.0M	$340K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	−0.017%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.17	−0.053%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.12	−0.068%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0152%	8h	357.41	+0.014%	$689K	$231K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.36	0.000%	$137K	$60K	20x	as long as short
edgeX GOOGLUSDC	+0.0224%	4h	357.49	+0.035%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.12	−0.067%	$212K	$217K	10x	as long as short