Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.044%

Price spread now: Binance against Lighter RH+0.022%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$150.149% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 7 days+0.019%+$2 · spread now +0.022%, 7d avg +0.043%

Together, before fees+0.064%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.020% cheaper against Lighter RH than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.08	0.0032	pay 0.0004% / 1h	51m 10s	$1.3M	$1.9M	20x
Short	Binance GOOGLUSDT	357.16	0.0030	get 0.0030% / 8h	51m 10s	$72.0M	$143.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.022%Rate

Funding earned: −$0.44
Price spread: +0.022% → +0.043%: −$2.04
Slippage, 4 orders: −$4.92
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$17.39
Costs to cover: 0.149%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; Binance: live order book, 7 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 RH live order book, 2 min ago	1.40 bp	1.7 bp −$2	4.8 bp −$48	46.3 bp −$4,627	doesn't fit
Sell Binance live order book, 7 min ago	0.14 bp	6.0 bp −$6	8.7 bp −$87	21.8 bp −$2,177	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	−0.0048%	1h	356.60	−0.134%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0005%	1h	356.99	−0.024%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.15	+0.020%	$13.6M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.00	−0.022%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.18	+0.028%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	−0.014%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.04	−0.010%	$23K	$448K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.16	+0.022%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.93	−0.042%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.29	+0.059%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.19	+0.031%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0008%	8h	357.27	+0.054%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.09	+0.004%	$144K	$45K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.90	−0.050%	$33K	—	20x	as long as short
Binance GOOGLUSDTshort	+0.0030%	8h	357.16	+0.022%	$72.0M	$143.5M	50x
Lighter RH GOOGLlong	+0.0032%	1h	357.08	long leg	$1.3M	$1.9M	20x
Extended GOOGL-USD	+0.0032%	1h	357.06	−0.004%	$425K	$2.2M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.011%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.03	−0.014%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.85	−0.064%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.22	+0.039%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.00	−0.022%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.91	−0.048%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.96	−0.034%	$132	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.68	−0.112%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.11	+0.007%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0069%	8h	356.80	−0.078%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.93	−0.042%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.88	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.03	−0.014%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.023%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0109%	8h	357.08	0.000%	$11.5M	$7.9M	100x	as long as short
Phoenix GOOGL	+0.0112%	1h	356.99	−0.025%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0120%	8h	357.13	+0.014%	$689K	$236K	20x	as long as short
Lighter GOOGL	+0.0128%	1h	357.16	+0.022%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0191%	4h	357.05	−0.009%	$208K	$1.2M	10x	as long as short