Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.056%

Price spread now: OKX against Lighter RH+0.017%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.017%, 7d avg +0.044%

Together, before fees+0.039%+ Points / potential airdropLighter RH: Points live · farm board+$4 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 OKX is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	356.99	0.0032	pay 0.0004% / 1h	55m 42s	$1.3M	$1.9M	20x
Short	OKX GOOGL-USDT-SWAP	357.05	0	get 0.0000% / 8h	55m 42s	$13.6M	$12.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.017%Rate

Funding earned: −$6.72
Price spread: +0.017% → +0.044%: −$2.68
Slippage, 4 orders: −$6.59
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.99
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; OKX: 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, 2 min ago	1.26 bp	1.6 bp −$2	5.0 bp −$50	47.7 bp −$4,771	doesn't fit
Sell OKX live order book, 3 min ago	0.14 bp	7.0 bp −$7	14.3 bp −$143	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	−0.0048%	1h	356.60	−0.109%	$511K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0008%	1h	356.92	−0.019%	$549K	$91K	20x	as long as short
OKX GOOGL-USDT-SWAPshort	0.0000%	8h	357.05	+0.017%	$13.6M	$12.9M	50x
Gate GOOGL_USDT	0.0000%	8h	356.94	−0.014%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.13	+0.039%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.03	+0.011%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.14	+0.043%	$24K	$447K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.08	+0.025%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.92	−0.020%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.070%	$115K	$211K	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	+0.056%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0009%	8h	357.17	+0.051%	$365K	$424K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.06	+0.020%	$144K	$45K	10x	as long as short
Binance GOOGLUSDT	+0.0031%	8h	357.00	+0.003%	$72.0M	$143.5M	50x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	356.99	long leg	$1.3M	$1.9M	20x
Extended GOOGL-USD	+0.0032%	1h	356.92	−0.019%	$423K	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.036%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.00	+0.003%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.87	−0.034%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.19	+0.056%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.87	−0.034%	$98.1M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.82	−0.048%	$684K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.92	−0.020%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.95	−0.011%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0052%	8h	356.97	−0.006%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0071%	8h	356.73	−0.073%	$3.0M	$101K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.01	+0.006%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.13	+0.039%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.83	−0.044%	$42K	$37K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.04	+0.014%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.98	−0.003%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.95	−0.012%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0112%	8h	357.05	+0.017%	$11.5M	$7.9M	100x	as long as short
Lighter GOOGL	+0.0120%	1h	357.05	+0.017%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0127%	8h	357.16	+0.048%	$688K	$236K	20x	as long as short
edgeX GOOGLUSDC	+0.0771%	4h	357.05	+0.017%	$208K	$1.2M	10x	as long as short