Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter RH−0.031%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.031%, 7d avg +0.029%

Together, before fees+0.005%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.060% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	356.77	0.0032	pay 0.0004% / 1h	7m 38s	$1.4M	$2.5M	20x
Short	Gate GOOGL_USDT	356.66	0	get 0.0000% / 8h	1h 07m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.031%Rate

Funding earned: −$6.72
Price spread: −0.031% → +0.029%: −$6.03
Slippage, 4 orders: −$13.38
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$41.12
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; Gate: live order book, 1 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, 5 min ago	0.98 bp	2.2 bp −$2	5.2 bp −$52	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.24 bp	12.2 bp −$12	23.5 bp −$235	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.38	−0.109%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.66	−0.031%	$3.6M	$7.5M	100x
SunX GOOGL-USDT	0.0000%	8h	356.83	+0.017%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.93	+0.045%	$115K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.77	0.000%	$2.7M	$64K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	356.53	−0.067%	$33K	—	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0013%	1h	356.30	−0.132%	$144K	$54K	10x	as long as short
edgeX GOOGLUSDC	+0.0014%	4h	356.65	−0.033%	$208K	$1.2M	10x	as long as short
Variational Omni GOOGL	+0.0032%	8h	356.66	−0.032%	$4.6M	$2.5M	—	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	356.77	long leg	$1.4M	$2.5M	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.098%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0042%	8h	356.65	−0.033%	$23K	$475K	10x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.71	−0.017%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.69	−0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.50	−0.076%	$98.0M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.51	−0.073%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.54	−0.064%	$187	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.40	−0.104%	$2.3M	$4.9M	15x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0059%	1h	356.57	−0.056%	$23K	$151K	10x	as long as short
Bybit GOOGLUSDT	+0.0071%	8h	356.86	+0.025%	$11.5M	$7.7M	100x	as long as short
Paradex GOOGL-USD-PERP	+0.0090%	8h	356.73	−0.012%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0095%	8h	356.84	+0.020%	$16.9M	$9.2M	100x	as long as short
Aster GOOGLUSDT	+0.0096%	8h	356.83	+0.017%	$362K	$455K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.70	−0.020%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.33	−0.123%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.45	−0.090%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.67	−0.028%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.67	−0.027%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0108%	8h	356.82	+0.014%	$13.9M	$12.9M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	356.74	−0.009%	$421K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0117%	8h	356.81	+0.011%	$73.0M	$142.1M	50x	as long as short
Nado GOOGL-PERP	+0.0128%	1h	356.47	−0.083%	$559K	$82K	20x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.55	−0.062%	$137K	$48K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.56	−0.059%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0234%	8h	356.66	−0.031%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0280%	1h	356.81	+0.011%	$2.0M	$1.0M	20x	as long as short