Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.006%

Price spread now: Lighter RH against GRVT+0.048%49s7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.154% of the position

Long on GRVT Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.048%, 7d avg −0.006%

Together, before fees+0.021%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.054% dearer against GRVT than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT GOOGL_USDT_Perp	357.25	0.0036	pay 0.0036% / 8h	3h 46m	$23K	$435K	10x
Short	Lighter RH GOOGL	357.42	0.0032	get 0.0004% / 1h	46m 30s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against GRVT. 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 GRVTbpFee Lighter RHbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$0.84
Price spread: +0.048% → −0.006%: $5.36
Slippage, 4 orders: −$6.35
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$10.83
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Lighter RH: live order book, 1 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 GRVT live order book, 6 min ago	1.26 bp	6.1 bp −$6	9.5 bp −$95	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.54 bp	1.7 bp −$2	4.1 bp −$41	45.7 bp −$4,568	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
Gate GOOGL_USDT	0.0000%	8h	357.31	+0.017%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.40	+0.042%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.26	+0.003%	$754	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.08	−0.048%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.44	+0.053%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.45	+0.056%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.090%	$522K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0029%	8h	357.45	+0.057%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.13	−0.033%	$144K	$48K	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.42	+0.048%	$1.3M	$2.1M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.036%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perplong	+0.0036%	8h	357.25	long leg	$23K	$435K	10x
Arcus GOOGL-USD	+0.0040%	1h	357.06	−0.053%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.30	+0.014%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.03	−0.062%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.08	−0.048%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.109%	$2.3M	$4.8M	15x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	357.21	−0.011%	$557K	$80K	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0061%	1h	357.22	−0.008%	$99.1M	$20.5M	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.27	+0.006%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.53	+0.079%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.33	+0.022%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.028%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.13	−0.034%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.17	−0.022%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.15	−0.028%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.41	+0.045%	$72.5M	$141.4M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0111%	8h	357.41	+0.045%	$13.8M	$12.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.28	+0.008%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0116%	8h	357.33	+0.021%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	357.22	−0.008%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.20	−0.014%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	357.22	−0.008%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0248%	8h	357.52	+0.076%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0296%	1h	357.43	+0.050%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0517%	4h	357.29	+0.012%	$208K	$1.2M	10x	as long as short