Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.012%

Price spread now: Bybit against Lighter+0.031%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$190.189% of the position

Long on Lighter Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$11 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.031%, 7d avg +0.037%

Together, before fees−0.176%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.037%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.51	0.0176	pay 0.0022% / 1h	54m 36s	$2.1M	$1.1M	20x
Short	Bybit GOOGLUSDT	356.62	0.0262	get 0.0262% / 8h	7h 54m	$11.5M	$7.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $17.96
Price spread: +0.031% → +0.037%: −$0.59
Slippage, 4 orders: −$7.94
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1.56
Costs to cover: 0.189%
Break-even: 7.6 days

Slippage from Lighter: live order book, 12 min ago; Bybit: 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, 12 min ago	0.56 bp	0.9 bp −$1	3.4 bp −$34	89.2 bp −$8,918	doesn't fit
Sell Bybit live order book, 4 min ago	0.28 bp	10.3 bp −$10	23.5 bp −$235	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
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.017%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.61	+0.028%	$2K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.72	+0.059%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.68	+0.048%	$2.7M	$66K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0003%	1h	356.42	−0.025%	$23K	$152K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0019%	1h	356.37	−0.039%	$144K	$53K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.58	+0.020%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.24	−0.076%	$530K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.171%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.54	+0.008%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.26	−0.070%	$98.2M	$24.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.37	−0.039%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.28	−0.065%	$179	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.17	−0.095%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.49	−0.006%	$1.3M	$4.9M	10x	as long as short
Variational Omni GOOGL	+0.0064%	8h	356.63	+0.033%	$4.8M	$2.7M	—	as long as short
Pacifica GOOGL	+0.0100%	1h	356.27	−0.067%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.13	−0.107%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.33	−0.050%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	+0.006%	$10K	$10K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0100%	8h	356.49	−0.005%	$292	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	356.26	−0.070%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.44	−0.020%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.68	+0.048%	$365K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.57	+0.017%	$73.2M	$142.7M	50x	as long as short
Nado GOOGL-PERP	+0.0135%	1h	356.29	−0.063%	$559K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.50	−0.002%	$422K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0141%	8h	356.60	+0.025%	$16.9M	$9.1M	100x	as long as short
GRVT GOOGL_USDT_Perp	+0.0144%	8h	356.66	+0.041%	$23K	$472K	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.41	−0.028%	$137K	$48K	20x	as long as short
Lighter GOOGLlong	+0.0176%	1h	356.51	long leg	$2.1M	$1.1M	20x
OKX GOOGL-USDT-SWAP	+0.0199%	8h	356.60	+0.025%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0253%	8h	356.61	+0.028%	$688K	$235K	20x	as long as short
Bybit GOOGLUSDTshort	+0.0262%	8h	356.62	+0.031%	$11.5M	$7.7M	100x
Arcus GOOGL-USD	+0.0306%	1h	356.43	−0.022%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0950%	4h	356.56	+0.014%	$210K	$1.2M	10x	as long as short