GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0197%/8h= −21.6% APRnext payment −$0.25 per $10,000 · paid last 24h +0.040%

Price spread now: Lighter against Deribit+0.042%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$150.150% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.268%−$27 · spread now +0.042%, 7d avg +0.039%

Together, before fees−0.265%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	357.83	0.0365	pay 0.0046% / 1h	4m 49s	$24K	$154K	10x
Short	Lighter GOOGL	357.98	0.0168	get 0.0021% / 1h	4m 49s	$2.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$41.41
Price spread: +0.042% → +0.039%: $0.31
Slippage, 4 orders: −$7.97
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$56.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage from Deribit: live order book, 59 min ago; Lighter: live order book, 2 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 Deribit live order book, 59 min ago	0.14 bp	8.9 bp −$9	12.5 bp −$125	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	0.98 bp	1.3 bp −$1	3.1 bp −$31	104.6 bp −$10.5K	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
Hotstuff GOOGL-PERP	−0.0080%	1h	357.69	−0.039%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.103%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0015%	1h	357.63	−0.055%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.86	+0.008%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.92	+0.024%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.95	+0.033%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.98	+0.042%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.01	+0.050%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.04	+0.059%	$2.7M	$81K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.63	−0.057%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0024%	8h	357.67	−0.046%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.89	+0.017%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.94	+0.031%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.198%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.65	−0.050%	$208K	$277K	10x	as long as short
Binance GOOGLUSDT	+0.0046%	8h	357.98	+0.042%	$73.1M	$141.3M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.87	+0.011%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.89	+0.016%	$426K	$1.8M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.72	−0.031%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.042%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.72	−0.031%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.61	−0.061%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0062%	8h	357.95	+0.034%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0071%	8h	357.86	+0.008%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0095%	8h	358.13	+0.084%	$12.0M	$7.6M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	+0.003%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.48	−0.098%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.65	−0.050%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.86	+0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.79	−0.011%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0106%	8h	357.92	+0.025%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.80	−0.008%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.99	+0.045%	$697K	$234K	20x	as long as short
Lighter GOOGLshort	+0.0168%	1h	357.98	+0.042%	$2.1M	$1.2M	20x
Deribit GOOGL_USDC-PERPETUALlong	+0.0365%	1h	357.83	long leg	$24K	$154K	10x
edgeX GOOGLUSDC	+0.0853%	4h	357.90	+0.018%	$209K	$1.2M	10x	as long as short