Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.050%

Price spread now: HTX against Lighter+0.048%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.221%−$22 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now +0.048%, 7d avg +0.043%

Together, before fees−0.162%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.96	0.0128	pay 0.0016% / 1h	26m 08s	$2.0M	$1.3M	20x
Short	HTX GOOGL-USDT	357.13	0	get 0.0000% / 8h	1h 26m	$115K	$211K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$26.88
Price spread: +0.048% → +0.043%: $0.49
Slippage, 4 orders: −$6.71
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$45.1
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from Lighter: live order book, 11 min ago; HTX: live order book, 15 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, 11 min ago	0.14 bp	0.2 bp $0	2.6 bp −$26	93.7 bp −$9,374	doesn't fit
Sell HTX live order book, 15 min ago	2.80 bp	8.8 bp −$9	20.8 bp −$208	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	−0.0024%	1h	356.60	−0.101%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.94	−0.006%	$13.6M	$13.0M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.88	−0.022%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.04	+0.022%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.79	−0.047%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.82	−0.040%	$23K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.99	+0.008%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.76	−0.056%	$24K	$156K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.13	+0.048%	$115K	$211K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.07	+0.031%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0020%	1h	356.60	−0.102%	$144K	$46K	10x	as long as short
Aster GOOGLUSDT	+0.0026%	8h	357.09	+0.037%	$365K	$424K	20x	as long as short
Nado GOOGL-PERP	+0.0031%	1h	356.83	−0.037%	$549K	$92K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.97	+0.003%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.045%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	356.93	−0.008%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.63	−0.092%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.10	+0.039%	—	$5K	25x	as long as short
Binance GOOGLUSDT	+0.0046%	8h	356.99	+0.009%	$72.0M	$143.8M	50x	as long as short
Extended GOOGL-USD	+0.0048%	1h	356.90	−0.017%	$423K	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.83	−0.036%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.75	−0.059%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.83	−0.036%	$154	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.60	−0.101%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	356.96	+0.001%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.69	−0.076%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.79	−0.048%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.59	−0.104%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.75	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.83	−0.036%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.85	−0.031%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0112%	1h	356.81	−0.042%	$33K	—	20x	as long as short
Lighter GOOGLlong	+0.0128%	1h	356.96	long leg	$2.0M	$1.3M	20x
Bybit GOOGLUSDT	+0.0154%	8h	357.00	+0.011%	$11.5M	$7.9M	100x	as long as short
BloFin GOOGL-USDT	+0.0168%	8h	356.95	−0.003%	$690K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0854%	4h	356.87	−0.026%	$208K	$1.2M	10x	as long as short