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 −0.010%

Price spread now: SunX against Lighter RH+0.034%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.024%+$2 · spread now +0.034%, 7d avg +0.018%

Together, before fees−0.041%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.61	0.0032	pay 0.0004% / 1h	10m 24s	$1.4M	$1.9M	20x
Short	SunX GOOGL-USDT	357.73	0	get 0.0000% / 8h	10m 24s	$2K	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$6.72
Price spread: +0.034% → +0.018%: $1.59
Slippage, 4 orders: −$96.06
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$109.2
Costs to cover: 1.041%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 2 min ago; SunX: live order book, 8 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	1.9 bp −$2	5.1 bp −$51	41.4 bp −$4,138	doesn't fit
Sell SunX live order book, 8 min ago	45.86 bp	50.3 bp −$50	doesn't fit	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	357.09	−0.145%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0011%	1h	357.52	−0.026%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.68	+0.020%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	0.000%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.78	+0.048%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.69	+0.022%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.71	+0.029%	$23K	$449K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.73	+0.034%	$2K	$4.0M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.51	−0.028%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.81	+0.056%	$115K	$209K	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	357.81	+0.056%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.80	+0.054%	$367K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.61	−0.001%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.62	+0.003%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.71	+0.029%	$72.1M	$143.3M	50x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.61	long leg	$1.4M	$1.9M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.137%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.64	+0.008%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.036%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.16	−0.126%	$3.0M	$107K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.82	+0.059%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.49	−0.034%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.49	−0.034%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.045%	$686K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.022%	$137	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.32	−0.081%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.66	+0.013%	$293	$253	5x	as long as short
Bybit GOOGLUSDT	+0.0078%	8h	357.69	+0.022%	$11.5M	$7.9M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.041%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	−0.014%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.017%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0107%	8h	357.60	−0.003%	$688K	$236K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.69	+0.022%	$2.0M	$1.4M	20x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.59	−0.006%	$138K	$36K	20x	as long as short
edgeX GOOGLUSDC	+0.0365%	4h	357.63	+0.005%	$209K	$1.2M	10x	as long as short