Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0192%/8h= −21.0% APRpaid last 24h −0.047%

Price spread now: Gate against Lighter−0.056%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.172%−$17 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.056%, 7d avg +0.018%

Together, before fees−0.150%+ Points / potential airdropLighter: Season 3 · farm board−$15 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 Gate is 0.074% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.23	0.0192	pay 0.0024% / 1h	7m 27s	$2.0M	$1.0M	20x
Short	Gate GOOGL_USDT	356.03	0	get 0.0000% / 8h	2h 07m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.056%Rate

Funding earned: −$40.32
Price spread: −0.056% → +0.018%: −$7.4
Slippage, 4 orders: −$14.48
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$77.21
Costs to cover: 0.295%
Break-even: never at this rate

Slippage from Lighter: live order book, 9 min ago; Gate: 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, 9 min ago	0.42 bp	1.0 bp −$1	2.7 bp −$27	88.5 bp −$8,846	doesn't fit
Sell Gate live order book, 1 min ago	2.39 bp	16.0 bp −$16	26.8 bp −$268	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	−0.0032%	1h	355.79	−0.124%	$523K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	356.08	−0.042%	$362K	$455K	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.19	−0.011%	$11.5M	$7.7M	100x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.03	−0.056%	$3.6M	$7.5M	100x
Variational Omni GOOGL	0.0000%	8h	356.13	−0.029%	$4.6M	$2.6M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.17	−0.016%	$23K	$507K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.14	−0.025%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.06	−0.048%	$22K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.26	+0.008%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.17	−0.017%	$2.7M	$64K	10x	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	+0.0016%	1h	356.11	−0.033%	$422K	$1.6M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	355.96	−0.075%	$144K	$55K	10x	as long as short
Binance GOOGLUSDT	+0.0018%	8h	356.15	−0.023%	$72.9M	$141.5M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.26	+0.008%	$1.4M	$2.6M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.250%	$128K	$45K	30x	as long as short
OKX GOOGL-USDT-SWAP	+0.0034%	8h	356.15	−0.022%	$13.8M	$12.9M	50x	as long as short
QFEX GOOGL-USD	+0.0043%	1h	356.07	−0.045%	$1.3M	$4.7M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.26	+0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	355.97	−0.073%	$97.9M	$25.3M	20x	as long as short
Bitget GOOGLUSDT	+0.0050%	8h	356.14	−0.025%	$17.0M	$9.2M	100x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.02	−0.059%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	355.97	−0.073%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.80	−0.121%	$2.3M	$4.9M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	355.97	−0.073%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.12	−0.031%	$292	$253	5x	as long as short
BloFin GOOGL-USDT	+0.0068%	8h	356.15	−0.022%	$689K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0071%	1h	355.95	−0.079%	$202K	$303K	10x	as long as short
Nado GOOGL-PERP	+0.0085%	1h	355.94	−0.082%	$556K	$81K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	355.90	−0.092%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.79	−0.124%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	355.88	−0.098%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.09	−0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.02	−0.058%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.06	−0.048%	$137K	$48K	20x	as long as short
Lighter GOOGLlong	+0.0192%	1h	356.23	long leg	$2.0M	$1.0M	20x
edgeX GOOGLUSDC	+0.0398%	4h	356.14	−0.024%	$208K	$1.2M	10x	as long as short