Funding you earn now, next payment 03:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Extended against Lighter−0.045%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$90.086% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 7 days−0.062%−$6 · spread now −0.045%, 7d avg −0.016%
=Together, before fees−0.174%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GOOGL | 357.66 | 0.0080 | pay 0.0010% / 1h | 52m 45s | $2.1M | $1.2M | 20x |
| Short | Extended GOOGL-USD | 357.50 | 0.0064 | get 0.0008% / 1h | 52m 45s | $421K | $1.8M | 20x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$3.36
- Price spread: −0.045% → −0.016%
- −$2.9
- Slippage, 4 orders
- −$3.6
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$14.86
- Costs to cover
- 0.086%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Extended: live order book, 1 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, 4 min ago | 0.56 bp | 0.8 bp −$1 | 3.6 bp −$36 | doesn't fit | doesn't fit |
| Sell Extended live order book, 1 min ago | 0.14 bp | 3.5 bp −$4 | 10.1 bp −$101 | doesn't fit | doesn't fit |
GOOGL on 35 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 | −0.0064% | 1h | 357.41 | −0.070% | $524K | $1.1M | 10x | as long as short |
| Nado GOOGL-PERP | −0.0057% | 1h | 357.54 | −0.035% | $558K | $80K | 20x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | −0.0002% | 1h | 357.40 | −0.073% | $23K | $154K | 10x | as long as short |
| Gate GOOGL_USDT | 0.0000% | 8h | 357.46 | −0.056% | $3.6M | $7.5M | 100x | as long as short |
| Variational Omni GOOGL | 0.0000% | 8h | 357.58 | −0.023% | $4.8M | $2.4M | — | as long as short |
| GRVT GOOGL_USDT_Perp | 0.0000% | 8h | 357.57 | −0.026% | $24K | $436K | 10x | as long as short |
| SunX GOOGL-USDT | 0.0000% | 8h | 357.62 | −0.011% | $1K | $4.1M | 20x | as long as short |
| HTX GOOGL-USDT | 0.0000% | 8h | 357.67 | +0.003% | $115K | $223K | 30x | as long as short |
| Phemex GOOGLUSDT | 0.0000% | 4h | 357.66 | 0.000% | $2.7M | $75K | 10x | as long as short |
| Aftermath Perps GOOGLUSD | +0.0005% | 1h | 357.30 | −0.100% | $144K | $50K | 10x | as long as short |
Show all 35 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX GOOGL-USD | +0.0028% | 1h | 357.49 | −0.048% | $1.3M | $4.4M | 10x | as long as short |
| Bybit GOOGLUSDT | +0.0030% | 8h | 357.66 | 0.000% | $11.7M | $7.4M | 100x | as long as short |
| Lighter RH GOOGL | +0.0032% | 1h | 357.61 | −0.014% | $1.3M | $2.3M | 20x | as long as short |
| Injective GOOGL/USDC PERP | +0.0033% | 1h | 357.12 | −0.151% | $128K | $45K | 30x | as long as short |
| Arcus GOOGL-USD | +0.0040% | 1h | 357.36 | −0.084% | $202K | $272K | 10x | as long as short |
| Aster GOOGLUSDT | +0.0041% | 8h | 357.58 | −0.022% | $365K | $458K | 20x | as long as short |
| Bitget GOOGLUSDT | +0.0041% | 8h | 357.61 | −0.014% | $17.0M | $9.3M | 100x | as long as short |
| Vest GOOGL-USD-PERP | +0.0046% | 1h | 357.77 | +0.031% | — | $5K | 25x | as long as short |
| tradeXYZ xyz:GOOGL | +0.0050% | 1h | 357.42 | −0.067% | $99.0M | $22.4M | 20x | as long as short |
| Polymarket Perps GOOG-USD | +0.0050% | 1h | 357.30 | −0.101% | $685K | $431K | 10x | as long as short |
| SoDEX GOOGL-USD | +0.0050% | 1h | 357.43 | −0.064% | $152 | $46K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | +0.0050% | 1h | 357.24 | −0.117% | $2.3M | $4.8M | 15x | as long as short |
| Paradex GOOGL-USD-PERP | +0.0055% | 8h | 357.62 | −0.011% | $293 | $253 | 5x | as long as short |
| Binance GOOGLUSDT | +0.0061% | 8h | 357.60 | −0.018% | $72.9M | $141.5M | 50x | as long as short |
| Extended GOOGL-USDshort | +0.0064% | 1h | 357.50 | −0.045% | $421K | $1.8M | 20x | |
| Lighter GOOGLlong | +0.0080% | 1h | 357.66 | long leg | $2.1M | $1.2M | 20x | |
| Hotstuff GOOGL-PERP | +0.0080% | 1h | 357.49 | −0.048% | $33K | — | 20x | as long as short |
| Pacifica GOOGL | +0.0100% | 1h | 357.38 | −0.078% | $42K | $41K | 10x | as long as short |
| KuCoin GOOGLUSDTM | +0.0100% | 8h | 357.23 | −0.120% | $3.0M | $65K | 20x | as long as short |
| ApeX Omni GOOGLUSDT | +0.0100% | 1h | 357.42 | −0.067% | $22K | $10K | 50x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.0100% | 8h | 357.45 | −0.059% | $10K | $10K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.0104% | 1h | 357.43 | −0.064% | $25K | — | 10x | as long as short |
| Phoenix GOOGL | +0.0112% | 1h | 357.47 | −0.053% | $137K | $36K | 20x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.0140% | 8h | 357.61 | −0.014% | $13.8M | $12.5M | 50x | as long as short |
| edgeX GOOGLUSDC | +0.0580% | 4h | 357.60 | −0.016% | $209K | $1.2M | 10x | as long as short |
Lighter GOOGL
Extended GOOGL-USD
Coinbase International GOOGL-PERP-INTX
Deribit GOOGL_USDC-PERPETUAL
Gate GOOGL_USDT
Variational Omni GOOGL
GRVT GOOGL_USDT_Perp
SunX GOOGL-USDT
HTX GOOGL-USDT
Phemex GOOGLUSDT
Aftermath Perps GOOGLUSD
Bybit GOOGLUSDT
Lighter RH GOOGL
Injective GOOGL/USDC PERP
Aster GOOGLUSDT
Bitget GOOGLUSDT
tradeXYZ xyz:GOOGL
Polymarket Perps GOOG-USD
SoDEX GOOGL-USD
Paradex GOOGL-USD-PERP
Binance GOOGLUSDT
Pacifica GOOGL
KuCoin GOOGLUSDTM
ApeX Omni GOOGLUSDT
Phoenix GOOGL
OKX GOOGL-USDT-SWAP
edgeX GOOGLUSDC