Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0120%/8h= −13.2% APRpaid last 24h −0.047%

Price spread now: Lighter RH against Bybit−0.014%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.014%, 7d avg −0.049%

Together, before fees−0.066%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.035% dearer against Bybit than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.049%): +$3 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 23 hours. At the pace of the last 7 days (−0.054% in total) that is about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	356.98	0.0152	pay 0.0152% / 8h	1h 24m	$11.5M	$7.9M	100x
Short	Lighter RH GOOGL	356.93	0.0032	get 0.0004% / 1h	24m 57s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$25.22
Price spread: −0.014% → −0.049%: $3.5
Slippage, 4 orders: −$7.73
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$40.46
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Lighter RH: 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 Bybit live order book, 3 min ago	0.28 bp	8.6 bp −$9	13.0 bp −$130	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.40 bp	1.7 bp −$2	3.7 bp −$37	45.2 bp −$4,524	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.60	−0.106%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.94	−0.011%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.85	−0.036%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.03	+0.014%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.93	−0.013%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.92	−0.017%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.02	+0.011%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.062%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.14	+0.045%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.07	+0.025%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0020%	1h	356.64	−0.095%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0025%	8h	357.07	+0.024%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0029%	1h	356.84	−0.040%	$549K	$92K	20x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	356.93	−0.014%	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.039%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.93	−0.014%	$1.2M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.66	−0.090%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	+0.034%	—	$5K	25x	as long as short
Binance GOOGLUSDT	+0.0046%	8h	356.98	0.000%	$72.0M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.89	−0.024%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.80	−0.050%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.80	−0.050%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.83	−0.042%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.60	−0.106%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.97	−0.004%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0088%	1h	356.83	−0.042%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.86	−0.034%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.94	−0.011%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.109%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.82	−0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.85	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.87	−0.032%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0128%	1h	356.97	−0.003%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDTlong	+0.0152%	8h	356.98	long leg	$11.5M	$7.9M	100x
BloFin GOOGL-USDT	+0.0166%	8h	357.00	+0.006%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0929%	4h	356.89	−0.026%	$208K	$1.2M	10x	as long as short