Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.0% APRpaid last 24h −0.022%

Price spread now: Variational Omni against Lighter+0.004%7-day average +0.022% · you sell dearer than you buy

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

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.004%, 7d avg +0.022%

Together, before fees−0.077%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.043% in total (about -4.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.58	0.0280	pay 0.0035% / 1h	22m 36s	$2.1M	$1.1M	20x
Short	Variational Omni GOOGL	356.59	0.0060	get 0.0060% / 8h	22m 36s	$4.7M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.004%Rate

Funding earned: −$46.12
Price spread: +0.004% → +0.022%: −$1.82
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$47.94
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 4 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 4 min ago	0.56 bp	0.8 bp −$1	3.2 bp −$32	90.6 bp −$9,059	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.62 bp	doesn't fit	4.6 bp −$46	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
Gate GOOGL_USDT	0.0000%	8h	356.45	−0.036%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.59	+0.003%	$1K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.22	−0.101%	$23K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.68	+0.028%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.66	+0.022%	$2.7M	$66K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0008%	1h	356.40	−0.050%	$530K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.35	−0.064%	$144K	$54K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.61	+0.008%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.151%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.52	−0.017%	—	$5K	25x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GOOGL_USDT_Perp	+0.0048%	8h	356.60	+0.005%	$23K	$472K	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.34	−0.067%	$98.9M	$25.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.29	−0.081%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.32	−0.073%	$182	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.14	−0.123%	$2.3M	$4.9M	15x	as long as short
Variational Omni GOOGLshort	+0.0060%	8h	356.59	+0.004%	$4.7M	$2.6M	—
QFEX GOOGL-USD	+0.0060%	1h	356.52	−0.017%	$1.3M	$4.9M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0089%	8h	356.54	−0.010%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.28	−0.084%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.32	−0.073%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.38	−0.056%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.46	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.50	−0.022%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0110%	8h	356.73	+0.043%	$363K	$455K	20x	as long as short
Nado GOOGL-PERP	+0.0112%	1h	356.33	−0.070%	$559K	$82K	20x	as long as short
Bybit GOOGLUSDT	+0.0118%	8h	356.65	+0.020%	$11.5M	$7.8M	100x	as long as short
Bitget GOOGLUSDT	+0.0127%	8h	356.58	0.000%	$16.8M	$9.3M	100x	as long as short
Extended GOOGL-USD	+0.0128%	1h	356.53	−0.014%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0131%	8h	356.59	+0.002%	$73.1M	$142.9M	50x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	356.34	−0.067%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.31	−0.076%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0171%	8h	356.65	+0.020%	$13.9M	$12.8M	50x	as long as short
Arcus GOOGL-USD	+0.0250%	1h	356.36	−0.062%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0251%	8h	356.63	+0.014%	$694K	$236K	20x	as long as short
Lighter GOOGLlong	+0.0280%	1h	356.58	long leg	$2.1M	$1.1M	20x
edgeX GOOGLUSDC	+0.0417%	4h	356.54	−0.011%	$210K	$1.2M	10x	as long as short