Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against KuCoin+0.034%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1481.478% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.043%+$4 · spread now +0.034%, 7d avg +0.027%

Together, before fees+0.029%+ Points / potential airdropLighter RH: Points live · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	356.59	0.0100	pay 0.0100% / 8h	1h 39m	$3.0M	$103K	20x
Short	Lighter RH GOOGL	356.71	0.0032	get 0.0004% / 1h	39m 59s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$14.28
Price spread: +0.034% → +0.027%: $0.71
Slippage, 4 orders: −$135.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$161.36
Costs to cover: 1.478%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Lighter RH: live order book, 3 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, 7 min ago	6.87 bp	82.5 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	0.98 bp	1.5 bp −$1	3.7 bp −$37	45.6 bp −$4,557	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	356.60	+0.003%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.85	+0.073%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.68	+0.025%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.00	+0.115%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.77	+0.051%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.91	+0.090%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.80	+0.059%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.53	−0.017%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.093%	$114K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.02	+0.121%	$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
Aftermath Perps GOOGLUSD	+0.0023%	1h	356.63	+0.010%	$144K	$46K	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	356.71	+0.034%	$1.3M	$2.1M	20x
Aster GOOGLUSDT	+0.0033%	8h	357.10	+0.144%	$365K	$424K	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.149%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.78	+0.053%	$1.2M	$4.2M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.62	+0.008%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.61	+0.006%	$207K	$278K	10x	as long as short
Nado GOOGL-PERP	+0.0042%	1h	356.58	−0.002%	$549K	$90K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.84	+0.070%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.56	−0.008%	$98.0M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.56	−0.008%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.61	+0.006%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.39	−0.056%	$2.3M	$4.8M	15x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.75	+0.044%	$72.0M	$143.8M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	356.74	+0.041%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.71	+0.034%	$423K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.63	+0.011%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.62	+0.010%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	356.59	long leg	$3.0M	$103K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.76	+0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.63	+0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.62	+0.009%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0152%	1h	356.75	+0.045%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0174%	8h	356.81	+0.062%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	356.90	+0.087%	$689K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0400%	4h	356.88	+0.081%	$208K	$1.2M	10x	as long as short