GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.029%

Price spread now: Phoenix against Lighter RH−0.073%75s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as 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−$200.201% of the position

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.073%, 7d avg −0.047%

Together, before fees+0.117%+ Points / potential airdropLighter RH: Points live · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.025% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.047%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.120% in total) that is about 36 hours. The two prices were read 75 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	357.46	0.0032	pay 0.0004% / 1h	45m 58s	$1.3M	$2.1M	20x
Short	Phoenix GOOGL	357.20	0.0179	get 0.0022% / 1h	45m 58s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.073%Rate

Funding earned: $30.88
Price spread: −0.073% → −0.047%: −$2.54
Slippage, 4 orders: −$13.06
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $8.27
Costs to cover: 0.201%
Break-even: 5.1 days

Slippage from Lighter RH: live order book, 2 min ago; Phoenix: live order book, 65 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 Phoenix live order book, 65 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	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	357.29	−0.048%	$3.6M	$7.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.46	0.000%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.41	−0.014%	$797	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.14	−0.090%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.036%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.44	−0.006%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.93	−0.148%	$522K	$1.1M	10x	as long as short
Variational Omni GOOGL	+0.0030%	8h	357.39	−0.019%	$4.8M	$2.4M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.13	−0.091%	$144K	$48K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.46	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	−0.095%	$128K	$45K	30x	as long as short
GRVT GOOGL_USDT_Perp	+0.0036%	8h	357.25	−0.059%	$23K	$435K	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.06	−0.112%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.46	0.000%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.22	−0.067%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.18	−0.078%	$140	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.168%	$2.3M	$4.8M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0055%	1h	357.26	−0.056%	$99.1M	$20.5M	20x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	357.21	−0.069%	$557K	$80K	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.27	−0.053%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0088%	8h	357.56	+0.027%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.33	−0.036%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.087%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.13	−0.092%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.19	−0.076%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.27	−0.054%	$25K	—	10x	as long as short
Binance GOOGLUSDT	+0.0108%	8h	357.48	+0.006%	$72.5M	$141.4M	50x	as long as short
OKX GOOGL-USDT-SWAP	+0.0110%	8h	357.41	−0.014%	$13.8M	$12.4M	50x	as long as short
Extended GOOGL-USD	+0.0112%	1h	357.33	−0.036%	$422K	$1.8M	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0116%	8h	357.33	−0.037%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	357.22	−0.067%	$33K	—	20x	as long as short
Phoenix GOOGLshort	+0.0179%	1h	357.20	−0.073%	$137K	$36K	20x
BloFin GOOGL-USDT	+0.0229%	8h	357.22	−0.067%	$693K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0248%	8h	357.58	+0.034%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.44	−0.006%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0517%	4h	357.29	−0.047%	$208K	$1.2M	10x	as long as short