Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.021%

Price spread now: KuCoin against Lighter−0.142%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$268as in the Price arb table

costs, in and out, $10k−$2572.571% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days+0.050%+$5 · spread now −0.142%, 7d avg −0.036%

Together, before fees−0.091%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.97	0.0176	pay 0.0022% / 1h	2m 37s	$2.1M	$1.2M	20x
Short	KuCoin GOOGLUSDTM	357.46	0.0100	get 0.0100% / 8h	5h 02m	$3.0M	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.142%Rate

Funding earned: −$15.96
Price spread: −0.142% → −0.036%: −$10.61
Slippage, 4 orders: −$245.06
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$283.63
Costs to cover: 2.571%
Break-even: never at this rate

Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 5 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	0.98 bp	1.1 bp −$1	3.7 bp −$37	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.10 bp	117.8 bp −$118	doesn't fit	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	−0.0064%	1h	357.46	−0.142%	$524K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0056%	1h	357.71	−0.073%	$33K	—	20x	as long as short
Nado GOOGL-PERP	−0.0009%	1h	357.64	−0.093%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.81	−0.045%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.92	−0.015%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.92	−0.014%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.94	−0.008%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.96	−0.003%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.00	+0.008%	$2.7M	$81K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.68	−0.081%	$24K	$155K	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	+0.0006%	1h	357.62	−0.096%	$144K	$50K	10x	as long as short
Aster GOOGLUSDT	+0.0028%	8h	357.70	−0.074%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.83	−0.039%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.93	−0.011%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.237%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.64	−0.092%	$208K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.89	−0.022%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.88	−0.025%	$426K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0049%	8h	357.97	0.000%	$73.1M	$141.4M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.71	−0.073%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.67	−0.084%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.70	−0.075%	$152	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.58	−0.109%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0061%	8h	357.94	−0.008%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0076%	8h	357.83	−0.040%	$293	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	−0.036%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMshort	+0.0100%	8h	357.46	−0.142%	$3.0M	$70K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.60	−0.103%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.64	−0.092%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.75	−0.062%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	357.92	−0.014%	$13.8M	$12.4M	50x	as long as short
Bybit GOOGLUSDT	+0.0110%	8h	358.06	+0.025%	$12.0M	$7.6M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.78	−0.053%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0168%	8h	357.94	−0.008%	$697K	$234K	20x	as long as short
Lighter GOOGLlong	+0.0176%	1h	357.97	long leg	$2.1M	$1.2M	20x
edgeX GOOGLUSDC	+0.0510%	4h	357.91	−0.016%	$209K	$1.2M	10x	as long as short