Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.026%

Price spread now: Variational Omni against Lighter RH+0.024%7-day average +0.032% · you sell dearer than you buy

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 7 days−0.012%−$1 · spread now +0.024%, 7d avg +0.032%

Together, before fees−0.006%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, 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	357.01	0.0032	pay 0.0004% / 1h	49m 44s	$1.4M	$2.1M	20x
Short	Variational Omni GOOGL	357.10	0	get 0.0000% / 8h	1h 49m	$4.8M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.024%Rate

Funding earned: −$6.72
Price spread: +0.024% → +0.032%: −$0.82
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$7.54
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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	1.26 bp	2.0 bp −$2	5.4 bp −$54	50.1 bp −$5,014	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.62 bp	doesn't fit	7.4 bp −$74	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	−0.0024%	1h	356.88	−0.036%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	356.98	−0.008%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.98	−0.008%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.21	+0.056%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.10	+0.024%	$4.8M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.048%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	+0.039%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.80	−0.059%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.10	+0.025%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.25	+0.067%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.023%	$554K	$88K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0026%	1h	357.22	+0.059%	$144K	$46K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.01	long leg	$1.4M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.031%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	+0.006%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.19	+0.052%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.95	−0.017%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.034%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.20	+0.053%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.82	−0.053%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.95	−0.017%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.90	−0.031%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.048%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	356.98	−0.007%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	357.07	+0.016%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	356.99	−0.004%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	−0.022%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.85	−0.044%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.63	−0.106%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	−0.006%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.90	−0.031%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.002%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0176%	1h	357.07	+0.017%	$2.0M	$1.3M	20x	as long as short
Bybit GOOGLUSDT	+0.0179%	8h	357.11	+0.028%	$12.0M	$7.5M	100x	as long as short
BloFin GOOGL-USDT	+0.0181%	8h	357.15	+0.039%	$690K	$235K	20x	as long as short
edgeX GOOGLUSDC	+0.0703%	4h	357.11	+0.029%	$208K	$1.2M	10x	as long as short