Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.020%

Price spread now: Orderly against Lighter−0.022%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Orderly is 0.022% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.94	0.0160	pay 0.0020% / 1h	48m 44s	$2.0M	$1.3M	20x
Short	Orderly PERP_GOOGL_USDC	356.86	0.0100	get 0.0100% / 8h	1h 48m	$10K	$11K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.022%Rate

Funding earned: −$12.6
Price spread: −0.022% → 0.000%: −$2.24
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.84
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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, 3 min ago	0.14 bp	0.2 bp $0	2.4 bp −$24	91.9 bp −$9,192	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	356.81	−0.036%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.92	−0.006%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.86	−0.022%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.06	+0.034%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.10	+0.044%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.16	+0.060%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.09	+0.042%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.77	−0.048%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.14	+0.056%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.97	+0.008%	$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
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.004%	$554K	$88K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.85	−0.025%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0026%	1h	357.12	+0.050%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.91	−0.008%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.050%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.01	+0.020%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0039%	8h	357.18	+0.066%	$365K	$424K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.82	−0.034%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.14	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.78	−0.045%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.86	−0.022%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.79	−0.042%	$161	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.59	−0.098%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	356.94	−0.001%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	356.96	+0.006%	$72.0M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	356.86	−0.021%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.91	−0.008%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.81	−0.036%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.61	−0.092%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	+0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.86	−0.022%	$10K	$11K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.84	−0.028%	$25K	—	10x	as long as short
Lighter GOOGLlong	+0.0160%	1h	356.94	long leg	$2.0M	$1.3M	20x
Bybit GOOGLUSDT	+0.0178%	8h	356.97	+0.008%	$11.9M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.06	+0.034%	$690K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0703%	4h	357.11	+0.048%	$208K	$1.2M	10x	as long as short