Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h +0.005%

Price spread now: Binance against Lighter+0.010%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$120.118% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 7 days+0.018%+$2 · spread now +0.010%, 7d avg +0.032%

Together, before fees−0.094%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.022% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.55	0.0112	pay 0.0014% / 1h	18m 15s	$2.0M	$1.4M	20x
Short	Binance GOOGLUSDT	357.59	0.0028	get 0.0028% / 8h	18m 15s	$72.1M	$143.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.010%Rate

Funding earned: −$17.58
Price spread: +0.010% → +0.032%: −$2.19
Slippage, 4 orders: −$1.81
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.59
Costs to cover: 0.118%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 10 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, 3 min ago	0.42 bp	0.4 bp $0	1.5 bp −$15	76.5 bp −$7,650	doesn't fit
Sell Binance live order book, 10 min ago	0.14 bp	5.2 bp −$5	8.1 bp −$81	27.2 bp −$2,724	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
Deribit GOOGL_USDC-PERPETUAL	−0.0086%	1h	357.25	−0.084%	$24K	$157K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.09	−0.129%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0007%	1h	357.39	−0.045%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.50	−0.014%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.38	−0.048%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.63	+0.022%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.51	−0.011%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.54	−0.003%	$23K	$450K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.59	+0.011%	$1K	$4.0M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.69	+0.039%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.59	+0.011%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0006%	8h	357.67	+0.033%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.39	−0.044%	$144K	$45K	10x	as long as short
Binance GOOGLUSDTshort	+0.0028%	8h	357.59	+0.010%	$72.1M	$143.3M	50x
Lighter RH GOOGL	+0.0032%	1h	357.50	−0.014%	$1.4M	$1.9M	20x	as long as short
Extended GOOGL-USD	+0.0032%	1h	357.50	−0.014%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.120%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.47	−0.022%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.28	−0.076%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.64	+0.025%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.33	−0.062%	$98.2M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.28	−0.076%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.33	−0.062%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.101%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.51	−0.010%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0052%	8h	357.03	−0.145%	$3.0M	$105K	20x	as long as short
Bybit GOOGLUSDT	+0.0087%	8h	357.56	+0.003%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.30	−0.071%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.29	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.056%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.40	−0.042%	$25K	—	10x	as long as short
Lighter GOOGLlong	+0.0112%	1h	357.55	long leg	$2.0M	$1.4M	20x
Phoenix GOOGL	+0.0112%	1h	357.25	−0.084%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0114%	8h	357.53	−0.006%	$689K	$236K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	357.33	−0.062%	$33K	—	20x	as long as short
edgeX GOOGLUSDC	+0.0435%	4h	357.34	−0.058%	$208K	$1.2M	10x	as long as short