Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.054%

Price spread now: Lighter against HTX−0.045%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 3 days (all we have)−0.075%−$7 · spread now −0.045%, 7d avg −0.044%

Together, before fees+0.148%+ Points / potential airdropLighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	356.97	0	get 0.0000% / 8h	7h 52m	$115K	$224K	30x
Short	Lighter GOOGL	356.81	0.0152	get 0.0019% / 1h	52m 58s	$2.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.045%Rate

Funding earned: $31.92
Price spread: −0.045% → −0.044%: −$0.08
Slippage, 4 orders: −$7.91
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.94
Costs to cover: 0.199%
Break-even: 4.4 days

Slippage from HTX: live order book, 18 min ago; Lighter: live order book, 4 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 HTX live order book, 18 min ago	2.66 bp	8.7 bp −$9	9.9 bp −$99	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.98 bp	1.0 bp −$1	3.1 bp −$31	98.9 bp −$9,885	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	356.69	−0.078%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.82	−0.042%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.54	−0.120%	$23K	$153K	10x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	356.97	long leg	$115K	$224K	30x
Phemex GOOGLUSDT	0.0000%	4h	356.73	−0.067%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.26	−0.198%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.88	−0.025%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.24	−0.204%	$530K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.042%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.71	−0.073%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.56	−0.115%	$98.2M	$24.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.60	−0.104%	$684K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.42	−0.154%	$178	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.31	−0.185%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.71	−0.073%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0064%	8h	356.63	−0.096%	$4.8M	$2.7M	—	as long as short
Hotstuff GOOGL-PERP	+0.0096%	1h	356.36	−0.171%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0100%	8h	356.74	−0.065%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.50	−0.132%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.40	−0.160%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.33	−0.179%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.71	−0.073%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.60	−0.104%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.83	−0.039%	$365K	$457K	20x	as long as short
Nado GOOGL-PERP	+0.0116%	1h	356.58	−0.108%	$560K	$81K	20x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.83	−0.039%	$73.2M	$142.6M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.75	−0.061%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0142%	8h	356.83	−0.039%	$16.9M	$9.1M	100x	as long as short
GRVT GOOGL_USDT_Perp	+0.0144%	8h	356.66	−0.088%	$23K	$472K	10x	as long as short
Lighter GOOGLshort	+0.0152%	1h	356.81	−0.045%	$2.1M	$1.1M	20x
Phoenix GOOGL	+0.0157%	1h	356.56	−0.115%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0200%	8h	356.87	−0.028%	$13.8M	$12.9M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.77	−0.056%	$688K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0276%	8h	356.91	−0.017%	$11.5M	$7.7M	100x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.45	−0.146%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0950%	4h	356.56	−0.115%	$210K	$1.2M	10x	as long as short