Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.020%

Price spread now: Lighter against KuCoin+0.126%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1771.773% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.126%, 7d avg +0.037%

Together, before fees+0.103%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.089% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.71	0.0100	pay 0.0100% / 8h	1h 52m	$3.0M	$109K	20x
Short	Lighter GOOGL	357.16	0.0176	get 0.0022% / 1h	52m 43s	$2.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.126%Rate

Funding earned: $15.96
Price spread: +0.126% → +0.037%: $8.93
Slippage, 4 orders: −$165.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$152.38
Costs to cover: 1.773%
Break-even: 73.8 days

Slippage from KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	3.50 bp	99.9 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	0.28 bp	0.4 bp $0	2.5 bp −$25	64.7 bp −$6,469	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	356.88	+0.048%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.09	+0.107%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.03	+0.090%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.23	+0.146%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.09	+0.107%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.15	+0.124%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.17	+0.129%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.90	+0.053%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.32	+0.171%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.28	+0.160%	$2.7M	$87K	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	0.0000%	1h	356.98	+0.075%	$557K	$86K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.22	+0.143%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.09	+0.107%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.115%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.090%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.34	+0.177%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.92	+0.059%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.90	+0.053%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.19	+0.135%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.95	+0.067%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.98	+0.076%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.91	+0.056%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	+0.036%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.11	+0.111%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.17	+0.129%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.07	+0.102%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.09	+0.107%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.96	+0.071%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.71	long leg	$3.0M	$109K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.00	+0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.97	+0.073%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.03	+0.091%	$25K	—	10x	as long as short
Lighter GOOGLshort	+0.0176%	1h	357.16	+0.126%	$2.0M	$1.3M	20x
BloFin GOOGL-USDT	+0.0181%	8h	357.13	+0.118%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0182%	8h	357.19	+0.135%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0833%	4h	357.10	+0.108%	$208K	$1.2M	10x	as long as short