Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.047%

Price spread now: Bybit against Lighter RH+0.053%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$180.177% of the position

Long on Lighter RH Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 7 days−0.063%−$6 · spread now +0.053%, 7d avg +0.048%

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 +0.048%, so right now this pair is about funding alone: +$2 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	357.94	0.0032	pay 0.0004% / 1h	5m 06s	$1.3M	$2.3M	20x
Short	Bybit GOOGLUSDT	358.13	0.0095	get 0.0095% / 8h	5h 05m	$12.0M	$7.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.053%Rate

Funding earned: $13.15
Price spread: +0.053% → +0.048%: $0.51
Slippage, 4 orders: −$6.66
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$4
Costs to cover: 0.177%
Break-even: 9.1 days

Slippage from Lighter RH: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.98 bp	1.4 bp −$1	4.5 bp −$45	43.7 bp −$4,373	doesn't fit
Sell Bybit live order book, 3 min ago	0.28 bp	8.9 bp −$9	12.2 bp −$122	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
Hotstuff GOOGL-PERP	−0.0080%	1h	357.69	−0.070%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.46	−0.134%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0015%	1h	357.63	−0.086%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.84	−0.028%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.92	−0.007%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.95	+0.002%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.98	+0.011%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.01	+0.020%	$115K	$222K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.04	+0.028%	$2.7M	$81K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.63	−0.087%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0024%	8h	357.66	−0.077%	$366K	$457K	20x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.89	−0.014%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.94	long leg	$1.3M	$2.3M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.229%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.65	−0.081%	$208K	$277K	10x	as long as short
Binance GOOGLUSDT	+0.0046%	8h	357.98	+0.011%	$73.1M	$141.3M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.87	−0.020%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.89	−0.014%	$426K	$1.8M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.72	−0.061%	$99.1M	$21.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.68	−0.073%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.72	−0.061%	$153	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.61	−0.092%	$2.3M	$4.9M	15x	as long as short
Bitget GOOGLUSDT	+0.0062%	8h	357.95	+0.003%	$17.5M	$9.6M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0071%	8h	357.86	−0.023%	$293	$253	5x	as long as short
Bybit GOOGLUSDTshort	+0.0095%	8h	358.13	+0.053%	$12.0M	$7.6M	100x
Pacifica GOOGL	+0.0100%	1h	357.84	−0.028%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.48	−0.129%	$3.0M	$67K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.65	−0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.86	−0.022%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.79	−0.042%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0106%	8h	357.91	−0.008%	$13.8M	$12.4M	50x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.80	−0.039%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0166%	8h	357.99	+0.014%	$697K	$234K	20x	as long as short
Lighter GOOGL	+0.0168%	1h	357.98	+0.011%	$2.1M	$1.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0365%	1h	357.83	−0.031%	$24K	$154K	10x	as long as short
edgeX GOOGLUSDC	+0.0853%	4h	357.90	−0.012%	$209K	$1.2M	10x	as long as short