Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: GRVT against Lighter RH−0.064%109s7-day average +0.006% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$150.154% of the position

Long on Lighter RH Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now −0.064%, 7d avg +0.006%

Together, before fees−0.004%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board$0 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: GRVT is 0.070% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.006%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.48	0.0032	pay 0.0004% / 1h	45m 45s	$1.3M	$2.1M	20x
Short	GRVT GOOGL_USDT_Perp	357.25	0.0036	get 0.0036% / 8h	3h 45m	$23K	$435K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0.84
Price spread: −0.064% → +0.006%: −$7.04
Slippage, 4 orders: −$6.35
Fee Lighter RH: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$21.55
Costs to cover: 0.154%
Break-even: 186.6 days

Slippage from Lighter RH: live order book, 2 min ago; GRVT: 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	1.54 bp	1.7 bp −$2	4.4 bp −$44	doesn't fit	doesn't fit
Sell GRVT live order book, 7 min ago	1.26 bp	5.9 bp −$6	9.7 bp −$97	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	357.33	−0.042%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.47	−0.003%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.41	−0.020%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.14	−0.095%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.031%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	−0.011%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.154%	$522K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	−0.024%	$4.8M	$2.4M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.13	−0.097%	$144K	$48K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.48	long leg	$1.3M	$2.1M	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	−0.101%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perpshort	+0.0036%	8h	357.25	−0.064%	$23K	$435K	10x
Arcus GOOGL-USD	+0.0040%	1h	357.09	−0.109%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.46	−0.006%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	−0.073%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	−0.084%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.07	−0.115%	$2.3M	$4.8M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.27	−0.059%	$99.1M	$20.5M	20x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	357.21	−0.075%	$557K	$80K	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.27	−0.059%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.58	+0.029%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.43	−0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.092%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.13	−0.098%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	−0.081%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.27	−0.060%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.45	−0.008%	$72.5M	$141.4M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.44	−0.011%	$13.8M	$12.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.36	−0.034%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0115%	8h	357.39	−0.025%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	357.22	−0.073%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.20	−0.078%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0229%	8h	357.22	−0.073%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0246%	8h	357.57	+0.025%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.47	−0.003%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0517%	4h	357.29	−0.052%	$208K	$1.2M	10x	as long as short