Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0037%/8h= −4.0% APRpaid last 24h −0.156%

Price spread now: Lighter RH against edgeX+0.043%7-day average −0.005% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on edgeX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 7 days−0.044%−$4 · spread now +0.043%, 7d avg −0.005%

Together, before fees+0.074%+ Points / potential airdropedgeX: Active · Lighter RH: Points live · farm board+$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.048% dearer against edgeX than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.005%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.118%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GOOGLUSDC	356.37	0.0069	pay 0.0034% / 4h	1h 45m	$208K	$1.2M	10x
Short	Lighter RH GOOGL	356.52	0.0032	get 0.0004% / 1h	45m 15s	$1.4M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against edgeX. 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 edgeXbpFee Lighter RHbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$7.7
Price spread: +0.043% → −0.005%: $4.82
Slippage, 4 orders: −$9.93
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$21.82
Costs to cover: 0.189%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 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 edgeX live order book, 4 min ago	3.23 bp	7.9 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.12 bp	1.7 bp −$2	4.7 bp −$47	44.5 bp −$4,449	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	356.19	−0.049%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.31	−0.015%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.35	−0.004%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.35	−0.003%	$23K	$491K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	+0.021%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.063%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	+0.021%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.10	−0.075%	$144K	$55K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	356.48	+0.032%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0029%	8h	356.60	+0.065%	$362K	$455K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGLshort	+0.0032%	1h	356.52	+0.043%	$1.4M	$2.5M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.212%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.25	−0.032%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.36	−0.001%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.40	+0.010%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.035%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.032%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.07	−0.083%	$2.3M	$5.0M	15x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.44	+0.021%	$73.1M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.38	+0.005%	$421K	$1.6M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0057%	1h	356.27	−0.027%	$98.0M	$25.2M	20x	as long as short
Bitget GOOGLUSDT	+0.0066%	8h	356.50	+0.038%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0069%	8h	356.45	+0.024%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDClong	+0.0069%	4h	356.37	long leg	$208K	$1.2M	10x
Paradex GOOGL-USD-PERP	+0.0085%	8h	356.37	+0.001%	$292	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.33	−0.010%	$22K	$151K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.11	−0.070%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.086%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.088%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	−0.010%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	−0.013%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.27	−0.027%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0140%	1h	356.17	−0.055%	$558K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.22	−0.041%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.39	+0.007%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0264%	1h	356.49	+0.035%	$2.0M	$1.0M	20x	as long as short