Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.020%

Price spread now: Orderly against Lighter RH−0.076%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Orderly is 0.076% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 3.7 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	356.60	0.0032	pay 0.0004% / 1h	44m 32s	$1.4M	$2.5M	20x
Short	Orderly PERP_GOOGL_USDC	356.33	0.0100	get 0.0100% / 8h	1h 44m	$10K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.076%Rate

Funding earned: $14.28
Price spread: −0.076% → 0.000%: −$7.57
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: $0.71
Costs to cover: 0.060%
Break-even: 6.7 days

Slippage unknown: Lighter RH: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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	1.12 bp	1.5 bp −$1	4.2 bp −$42	46.5 bp −$4,654	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	356.19	−0.115%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.39	−0.059%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.35	−0.070%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.35	−0.069%	$23K	$491K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	−0.045%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	−0.003%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	−0.045%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.08	−0.145%	$144K	$54K	10x	as long as short
Bybit GOOGLUSDT	+0.0028%	8h	356.55	−0.014%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0031%	8h	356.65	+0.014%	$362K	$455K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGLlong	+0.0032%	1h	356.60	long leg	$1.4M	$2.5M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.146%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.35	−0.070%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.47	−0.036%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.47	−0.036%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	−0.073%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.098%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.13	−0.132%	$2.3M	$5.0M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0054%	1h	356.35	−0.070%	$98.0M	$25.2M	20x	as long as short
Binance GOOGLUSDT	+0.0056%	8h	356.52	−0.021%	$73.1M	$142.0M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.47	−0.036%	$421K	$1.6M	20x	as long as short
Bitget GOOGLUSDT	+0.0066%	8h	356.55	−0.014%	$16.9M	$9.2M	100x	as long as short
edgeX GOOGLUSDC	+0.0069%	4h	356.37	−0.066%	$208K	$1.2M	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0069%	8h	356.52	−0.022%	$13.8M	$12.8M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0084%	8h	356.46	−0.040%	$292	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.33	−0.076%	$22K	$151K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.23	−0.104%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.140%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.154%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDCshort	+0.0100%	8h	356.33	−0.076%	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.32	−0.079%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.27	−0.093%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0136%	1h	356.28	−0.091%	$558K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.32	−0.079%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.39	−0.059%	$689K	$235K	20x	as long as short
Lighter GOOGL	+0.0264%	1h	356.60	0.000%	$2.0M	$1.0M	20x	as long as short