Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.020%

Price spread now: Bitget against Lighter+0.006%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 7 days+0.016%+$2 · spread now +0.006%, 7d avg +0.033%

Together, before fees−0.114%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.027% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	358.51	0.0184	pay 0.0023% / 1h	0m 56s	$2.0M	$1.6M	20x
Short	Bitget GOOGLUSDT	358.53	0	get 0.0000% / 8h	7h 00m	$17.3M	$9.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$38.64
Price spread: +0.006% → +0.033%: −$2.72
Slippage, 4 orders: −$7.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$61.19
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from Lighter: live order book, 6 min ago; Bitget: 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 Lighter live order book, 6 min ago	0.70 bp	1.7 bp −$2	3.7 bp −$37	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	0.84 bp	8.5 bp −$8	11.1 bp −$111	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	−0.0080%	1h	357.26	−0.349%	$513K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.53	+0.006%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.40	−0.031%	$3.6M	$7.2M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	358.53	+0.006%	$17.3M	$9.4M	100x
Variational Omni GOOGL	0.0000%	8h	358.63	+0.032%	$4.8M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.68	+0.047%	$2K	$3.8M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.28	−0.064%	$24K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.68	+0.047%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.65	+0.039%	$2.7M	$94K	10x	as long as short
Aster GOOGLUSDT	+0.0007%	8h	358.39	−0.033%	$368K	$423K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GOOGL-USD	+0.0024%	1h	358.35	−0.044%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	358.48	−0.008%	$72.7M	$142.5M	50x	as long as short
Aftermath Perps GOOGLUSD	+0.0027%	1h	358.29	−0.063%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	358.48	−0.008%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.388%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	358.59	+0.022%	$1.3M	$4.1M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	358.39	−0.033%	$211K	$283K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.73	+0.061%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.32	−0.053%	$98.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.37	−0.039%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.36	−0.042%	$127	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.37	−0.039%	$2.3M	$4.0M	15x	as long as short
Nado GOOGL-PERP	+0.0053%	1h	358.49	−0.005%	$551K	$81K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0055%	8h	358.67	+0.046%	$24K	$449K	10x	as long as short
Bybit GOOGLUSDT	+0.0061%	8h	358.47	−0.011%	$11.5M	$7.4M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	358.61	+0.029%	$294	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0081%	8h	358.19	−0.089%	$3.0M	$178K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	358.48	−0.008%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0097%	8h	358.54	+0.008%	$682K	$237K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.64	+0.036%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.34	−0.047%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.40	−0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.39	−0.035%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.47	−0.011%	$33K	—	20x	as long as short
Lighter GOOGLlong	+0.0184%	1h	358.51	long leg	$2.0M	$1.6M	20x
edgeX GOOGLUSDC	+0.0699%	4h	358.59	+0.022%	$209K	$1.2M	10x	as long as short