Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX−0.028%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

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

costs, in and out, $10k−$220.217% of the position

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.028%, 7d avg −0.049%

Together, before fees−0.039%+ Points / potential airdropLighter RH: Points live · farm board−$4 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 0.021% dearer against HTX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.90	0	get 0.0000% / 8h	5h 05m	$115K	$212K	30x
Short	Lighter RH GOOGL	357.80	0.0032	get 0.0004% / 1h	5m 36s	$1.4M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.028%Rate

Funding earned: $6.72
Price spread: −0.028% → −0.049%: $2.08
Slippage, 4 orders: −$9.71
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$12.91
Costs to cover: 0.217%
Break-even: 20.5 days

Slippage from HTX: live order book, 39 min ago; Lighter RH: 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 HTX live order book, 39 min ago	2.79 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.82 bp	2.0 bp −$2	3.9 bp −$39	43.3 bp −$4,329	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.48	−0.117%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.33	−0.159%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.76	−0.039%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.76	−0.039%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.69	−0.059%	$3.7M	$6.9M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.84	−0.017%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	−0.050%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.81	−0.025%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.90	long leg	$115K	$212K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.81	−0.025%	$2.7M	$116K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0007%	8h	357.67	−0.064%	$12K	$466K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0030%	1h	357.55	−0.098%	$29K	$151K	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.80	−0.028%	$1.4M	$1.9M	20x
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.48	−0.118%	$144K	$43K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.218%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.78	−0.033%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.75	−0.042%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.53	−0.103%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.60	−0.084%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.120%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.30	−0.168%	$2.3M	$4.0M	15x	as long as short
Binance GOOGLUSDT	+0.0052%	8h	357.82	−0.024%	$73.0M	$146.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.69	−0.060%	$426K	$2.5M	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.69	−0.059%	$1.3M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	357.63	−0.075%	$293	$253	5x	as long as short
Nado GOOGL-PERP	+0.0092%	1h	357.53	−0.103%	$552K	$84K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.42	−0.134%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.30	−0.168%	$3.0M	$304K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.40	−0.140%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.61	−0.081%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.61	−0.080%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.37	−0.148%	$137K	$36K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.77	−0.036%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0173%	8h	357.75	−0.042%	$693K	$232K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.56	−0.095%	$212K	$222K	10x	as long as short
edgeX GOOGLUSDC	+0.0897%	4h	357.58	−0.089%	$208K	$1.2M	10x	as long as short