Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against Gate+0.056%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Gate Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.056%, 7d avg −0.029%

Together, before fees−0.030%+ Points / potential airdropLighter RH: Points live · farm board−$3 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 0.086% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GOOGL_USDT	356.73	0	get 0.0000% / 8h	1h 06m	$3.6M	$7.5M	100x
Short	Lighter RH GOOGL	356.93	0.0032	get 0.0004% / 1h	6m 16s	$1.4M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.056%Rate

Funding earned: $6.72
Price spread: +0.056% → −0.029%: $8.55
Slippage, 4 orders: −$12.91
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.63
Costs to cover: 0.279%
Break-even: 20.2 days

Slippage from Gate: live order book, 2 min ago; Lighter RH: 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 Gate live order book, 2 min ago	2.24 bp	13.0 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.12 bp	1.6 bp −$2	5.0 bp −$50	44.9 bp −$4,487	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	356.38	−0.098%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDTlong	0.0000%	8h	356.73	long leg	$3.6M	$7.5M	100x
SunX GOOGL-USDT	0.0000%	8h	356.86	+0.036%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.60	−0.036%	$22K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.98	+0.070%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.88	+0.042%	$2.7M	$64K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	356.57	−0.045%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	356.35	−0.108%	$144K	$54K	10x	as long as short
edgeX GOOGLUSDC	+0.0014%	4h	356.65	−0.022%	$208K	$1.2M	10x	as long as short
Variational Omni GOOGL	+0.0032%	8h	356.66	−0.021%	$4.6M	$2.5M	—	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	356.93	+0.056%	$1.4M	$2.5M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.109%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0042%	8h	356.65	−0.022%	$23K	$475K	10x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.77	+0.011%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.78	+0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.62	−0.031%	$98.1M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.62	−0.031%	$684K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.61	−0.034%	$186	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.40	−0.093%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0073%	8h	356.91	+0.050%	$11.5M	$7.7M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.84	+0.031%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0096%	8h	356.89	+0.045%	$16.9M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0098%	8h	356.83	+0.028%	$362K	$455K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.79	+0.017%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.45	−0.078%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.45	−0.078%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.76	+0.008%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.76	+0.008%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	356.86	+0.036%	$13.9M	$12.9M	50x	as long as short
Binance GOOGLUSDT	+0.0118%	8h	356.87	+0.039%	$73.1M	$142.2M	50x	as long as short
Extended GOOGL-USD	+0.0120%	1h	356.80	+0.019%	$421K	$1.6M	20x	as long as short
Nado GOOGL-PERP	+0.0129%	1h	356.63	−0.028%	$560K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.64	−0.025%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.65	−0.022%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0237%	8h	356.66	−0.020%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0280%	1h	356.91	+0.050%	$2.0M	$1.0M	20x	as long as short