Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.052%

Price spread now: Lighter against Gate0.000%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.177%+$18 on $10k

Price spread, last 7 days+0.004%$0 · spread now 0.000%, 7d avg −0.018%

Together, before fees+0.181%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	356.43	0	get 0.0000% / 8h	6h 46m	$3.6M	$7.5M	100x
Short	Lighter GOOGL	356.43	0.0032	get 0.0004% / 1h	46m 52s	$2.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now 0.000%Rate

Funding earned: $6.72
Price spread: 0.000% → −0.018%: $1.85
Slippage, 4 orders: −$13.73
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$20.17
Costs to cover: 0.287%
Break-even: 28.0 days

Slippage from Gate: live order book, 1 min ago; Lighter: 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 Gate live order book, 1 min ago	1.40 bp	11.8 bp −$12	20.6 bp −$206	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.84 bp	1.1 bp −$1	2.9 bp −$29	99.7 bp −$9,975	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	−0.0059%	1h	356.13	−0.084%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	356.36	−0.020%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.00	−0.121%	$528K	$1.1M	10x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	356.43	long leg	$3.6M	$7.5M	100x
Bitget GOOGLUSDT	0.0000%	8h	356.50	+0.020%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	+0.005%	$23K	$443K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.47	+0.011%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.60	+0.048%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.51	+0.022%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.17	−0.074%	$144K	$51K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0010%	1h	356.32	−0.030%	$556K	$80K	20x	as long as short
Variational Omni GOOGL	+0.0020%	8h	356.44	+0.003%	$4.8M	$2.3M	—	as long as short
Lighter GOOGLshort	+0.0032%	1h	356.43	0.000%	$2.1M	$1.1M	20x
Lighter RH GOOGL	+0.0032%	1h	356.51	+0.022%	$1.4M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.194%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.38	−0.014%	$1.3M	$4.6M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.23	−0.056%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.49	+0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.37	−0.017%	$98.2M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.048%	$683K	$439K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.33	−0.028%	$161	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.073%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.47	+0.010%	$292	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0064%	8h	356.64	+0.059%	$11.6M	$7.6M	100x	as long as short
Aster GOOGLUSDT	+0.0073%	8h	356.60	+0.048%	$364K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.36	−0.020%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0096%	8h	356.50	+0.020%	$72.7M	$142.0M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.40	−0.009%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.25	−0.049%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.08	−0.098%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.21	−0.062%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.32	−0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.34	−0.026%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.57	+0.039%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	+0.011%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0669%	4h	356.41	−0.006%	$209K	$1.2M	10x	as long as short