Funding arb · Price arb / RWA

GOOGL

RWAAll GOOGL markets →

LONGLighter▾Reya −0.0862%Injective −0.0220%Deribit −0.0105%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%Backpack +0.0006%AZverse +0.0008%Aftermath Perps +0.0023%Lighter +0.0032%Lighter RH +0.0032%Arcus +0.0038%Vest Markets +0.0046%Popdex +0.0048%tradeXYZ +0.0050%BingX +0.0050%Ondo Perps +0.0050%Paradex +0.0056%Phoenix +0.0057%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Aevo +0.0104%SoDEX +0.0119%BloFin +0.0120%Polymarket Perps +0.0148%Nado +0.0421%edgeX +0.0429%

⇄⇅

SHORTKraken Futures▾Kraken Futures +0.0716%edgeX +0.0429%Nado +0.0421%Polymarket Perps +0.0148%BloFin +0.0120%SoDEX +0.0119%Aevo +0.0104%Pacifica +0.0100%ApeX Omni +0.0100%Orderly +0.0100%TxFlow +0.0100%Phoenix +0.0057%Paradex +0.0056%Ondo Perps +0.0050%tradeXYZ +0.0050%BingX +0.0050%Popdex +0.0048%Vest Markets +0.0046%Arcus +0.0038%Lighter RH +0.0032%Aftermath Perps +0.0023%AZverse +0.0008%Backpack +0.0006%Aster 0.0000%Extended 0.0000%Binance 0.0000%Bybit 0.0000%OKX 0.0000%RISEx 0.0000%QFEX 0.0000%Gate 0.0000%MEXC 0.0000%KuCoin 0.0000%Bitget 0.0000%Variational Omni 0.0000%GRVT 0.0000%SunX 0.0000%HTX 0.0000%Phemex 0.0000%Deribit −0.0105%Injective −0.0220%Reya −0.0862%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterGOOGL	281.69	+0.0032	pay 0.0004% / 1h	29m 35s	$8.2M	$14.7M	20x	Long Lighter7d free
SHORT	Kraken FuturesPF_GOOGLXUSD	282.38	+0.0716	get 0.0089% / 1h	29m 35s	$2.9M	$1.2M	20x	Short Kraken Futures

Price gap+0.246%

Funding gap+0.0684% /8h

Both sides work: funding pays +$21 a day on $10k, and the gap is 0.160% above its 7d average: +$16 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.237% in total, about +0.0113%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.246%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

LighterKraken Futures

GOOGL on 43 exchanges

lowest funding first

Before you open

3 ok · 2 to watch

• !
  Watch: Thin at this size1.3 / 18.3 bp

  At $10k entering Kraken Futures costs 18.3 bp, fee and slippage, 13.8× Lighter’s.
• i
  Note: Margin at max leverage$500 + $500

  Lighter 20x, Kraken Futures 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Lighter · 1h−$0.96

  Short Kraken Futures · 1h+$21.47

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$20.51Long Lighter: 24 payments, −$0.96; short Kraken Futures: 24 payments, +$21.47.
• ✓
  OK: Entry gap works for you+0.246% vs +0.086%

  You short the dearer leg. If the gap goes back to average, the short gains.
• i
  Note: Short leg is thinner$2.9M vs $8.2M OI

  Both legs are deep; Kraken Futures is the smaller one.
• ✓
  OK: Points on a legLighter Season 3

  Volume here counts toward the points program.
• !
  Watch: KYCLighter No · Kraken Futures Yes

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0113%/8h × 21 periods+$23.65

Price spread+0.246% → +0.086% (7d avg)+$15.99

Slippage, 4 orderslive order books−$17.30

Fee Lighter bp × 2 orders$0.00

Fee Kraken Futures bp × 2 orders−$10.00

Net · 7 days · $10k+$12.35

Costs to cover0.273%Break-even3.3 days

Slippage: Lighter: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGLighter0.351.3 bp−$12.1 bp−$2139.2 bp−$3,921doesn’t fit

SELL · SHORTKraken Futures0.5318.3 bp−$1834.8 bp−$348doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

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FundingPrice spread

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GOOGL news

posts that mention GOOGL or Alphabet, from every exchangeSearch all news →

10-30 10:31	Markets by Kinetiq	Other	BREAKING: Big Tech stocks are getting crushed, with Wall Street bracing for a brutal Friday. $INTC: -25% $GOOGL: -10% $AMZN: -7% Nasdaq futures are plunging more than 2.5%. @Markets_xyz on X ↗
10-29 14:30	Kalshi	Other	JUST IN: Alphabet stock falls 13% and erases $500 billion in value after earnings miss @Kalshi on X ↗
10-29 13:32	Vest Markets	Other	Trade $GOOGL post-earnings volatility with a Vest Capital funded account. Access up to $50k in trading capital at: @VestExchange on X ↗
10-29 13:32	Vest Markets	Other	$GOOGL missed Q3 revenue and EPS estimates after yesterday's close, with free cash flow at -$9.07B. → Revenue: $127.6B vs. $127.91B expected, up 25% YoY → EPS: $2.12 vs. $3.01 expected, or $2.67 excluding a $0.55 equity securities loss → Google Cloud: $30.7B, up 103% YoY, beating estimates At the open, $GOOGL is down around 12%, with Search & other at $63.35B below the $64.9B expected, despite query growth at a five-year high. Quarterly capex more than doubled to $51.4B, with the 2026 plan held at $195B to $205B and 2027 spending guided significantly higher. @VestExchange on X ↗
10-29 10:10	Reya	Other	$GOOGL moved -10% overnight. With the US market closed, anyone with a view has no way to act on it until 9:30 ET. RWAs 24/7 on Reya. As the price moves, not when the exchange opens. @reya_xyz on X ↗
10-29 09:00	MEXC	Other	🤖 Same AI bet, opposite market reactions. 🟢 $MSFT: +4% | Cloud revenue +30% 🔴 $GOOGL: -8% | Free cash flow -$9.07B Tech companies spend big on AI, but investors reward returns. Who's winning the AI race? 👇 @MEXC on X ↗