Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.018%

Price spread now: Bitget against Lighter RH+0.053%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Lighter RH Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.053%, 7d avg +0.044%

Together, before fees+0.009%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	358.07	0.0032	pay 0.0004% / 1h	51m 39s	$1.3M	$1.7M	20x
Short	Bitget GOOGLUSDT	358.26	0	get 0.0000% / 8h	5h 51m	$17.4M	$9.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$6.72
Price spread: +0.053% → +0.044%: $0.94
Slippage, 4 orders: −$8.92
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$26.69
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Bitget: 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 RH live order book, 4 min ago	0.84 bp	2.9 bp −$3	6.9 bp −$69	49.7 bp −$4,974	doesn't fit
Sell Bitget live order book, 5 min ago	0.14 bp	8.2 bp −$8	12.2 bp −$122	doesn't fit	doesn't fit

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	357.90	−0.047%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.92	−0.042%	$520K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	358.19	+0.034%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.24	+0.047%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.06	−0.003%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDTshort	0.0000%	8h	358.26	+0.053%	$17.4M	$9.8M	100x
SunX GOOGL-USDT	0.0000%	8h	358.25	+0.050%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.37	+0.084%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.54	+0.131%	$2.7M	$114K	10x	as long as short
Variational Omni GOOGL	+0.0013%	8h	358.41	+0.096%	$5.0M	$2.3M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.25	+0.050%	$145K	$42K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	358.07	long leg	$1.3M	$1.7M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.265%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.19	+0.034%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.91	−0.045%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.08	+0.003%	$686K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.91	−0.045%	$112	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.18	+0.031%	$2.3M	$3.9M	15x	as long as short
Aster GOOGLUSDT	+0.0056%	8h	358.34	+0.075%	$368K	$420K	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	358.21	+0.039%	$1.2M	$4.1M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	358.00	−0.018%	$294	$253	5x	as long as short
Binance GOOGLUSDT	+0.0076%	8h	358.23	+0.043%	$73.2M	$145.1M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	358.10	+0.008%	$426K	$2.4M	20x	as long as short
Nado GOOGL-PERP	+0.0089%	1h	358.01	−0.017%	$552K	$82K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.13	+0.016%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.00	−0.020%	$3.0M	$247K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.38	+0.087%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.06	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.08	+0.004%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	358.06	−0.003%	$2.0M	$2.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0113%	1h	357.97	−0.028%	$29K	$152K	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.18	+0.031%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0145%	8h	358.58	+0.142%	$12K	$460K	10x	as long as short
edgeX GOOGLUSDC	+0.0193%	4h	358.66	+0.163%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.95	−0.034%	$211K	$195K	10x	as long as short
BloFin GOOGL-USDT	+0.0202%	8h	358.23	+0.045%	$690K	$242K	20x	as long as short