GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0256%/8h= −28.1% APRnext payment −$0.32 per $10,000 · paid last 24h −0.034%

Price spread now: Aftermath Perps against Lighter−0.136%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$270.269% of the position

Long on Lighter Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.081%−$8 on $10k

Price spread, last 3 days (all we have)+0.114%+$11 · spread now −0.136%, 7d avg −0.046%

Together, before fees+0.034%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aftermath Perps is 0.090% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.081% in total (about -9.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.69	0.0272	pay 0.0034% / 1h	15m 01s	$2.0M	$1.0M	20x
Short	Aftermath Perps GOOGLUSD	356.20	0.0016	get 0.0002% / 1h	15m 01s	$144K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Lighter. 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 LighterbpFee Aftermath PerpsbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$53.86
Price spread: −0.136% → −0.046%: −$9
Slippage, 4 orders: −$17.91
Fee Lighter: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$89.77
Costs to cover: 0.269%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; Aftermath Perps: 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 Lighter live order book, 7 min ago	0.42 bp	0.8 bp −$1	3.1 bp −$31	76.6 bp −$7,664	doesn't fit
Sell Aftermath Perps live order book, 4 min ago	3.39 bp	7.9 bp −$8	16.1 bp −$161	doesn't fit	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	356.19	−0.140%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.51	−0.050%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.64	−0.014%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.75	+0.017%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.60	−0.025%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSDshort	+0.0016%	1h	356.20	−0.136%	$144K	$54K	10x
Variational Omni GOOGL	+0.0026%	8h	356.56	−0.036%	$4.6M	$2.5M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.71	+0.006%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.121%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0034%	8h	356.55	−0.039%	$23K	$477K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0040%	1h	356.36	−0.093%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.51	−0.050%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	−0.045%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.43	−0.073%	$98.0M	$24.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.40	−0.081%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.42	−0.076%	$183	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.09	−0.168%	$2.3M	$4.9M	15x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	356.66	−0.008%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0083%	8h	356.80	+0.030%	$362K	$455K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0087%	8h	356.63	−0.017%	$292	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0090%	8h	356.64	−0.014%	$16.9M	$9.2M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.49	−0.056%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.23	−0.129%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.123%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.49	−0.056%	$10K	$10K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0101%	8h	356.63	−0.017%	$13.8M	$12.8M	50x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.51	−0.050%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0109%	8h	356.67	−0.006%	$73.0M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.57	−0.035%	$421K	$1.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0115%	1h	356.48	−0.059%	$22K	$151K	10x	as long as short
Nado GOOGL-PERP	+0.0131%	1h	356.38	−0.087%	$559K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.38	−0.087%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.41	−0.078%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	356.60	−0.025%	$689K	$235K	20x	as long as short
Lighter GOOGLlong	+0.0272%	1h	356.69	long leg	$2.0M	$1.0M	20x
edgeX GOOGLUSDC	+0.0722%	4h	356.54	−0.041%	$208K	$1.2M	10x	as long as short