Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.014%

Price spread now: Lighter against OKX+0.034%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.034%, 7d avg −0.032%

Together, before fees+0.124%+ Points / potential airdropLighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.066% dearer against OKX than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of −0.032%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.116%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	357.03	0.0173	pay 0.0173% / 8h	6h 19m	$13.8M	$12.8M	50x
Short	Lighter GOOGL	357.15	0.0072	get 0.0009% / 1h	19m 46s	$2.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$21.21
Price spread: +0.034% → −0.032%: $6.59
Slippage, 4 orders: −$2.95
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.57
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 2 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 OKX live order book, 3 min ago	0.14 bp	5.6 bp −$6	11.2 bp −$112	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	0.56 bp	0.7 bp −$1	3.0 bp −$30	85.5 bp −$8,551	doesn't fit

GOOGL on 35 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
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	356.83	−0.056%	$23K	$154K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.57	−0.129%	$532K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0014%	1h	356.93	−0.029%	$557K	$81K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.95	−0.022%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.09	+0.017%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.89	−0.039%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.00	−0.008%	$992	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.17	+0.039%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.06	+0.008%	$2.7M	$72K	10x	as long as short
Variational Omni GOOGL	+0.0002%	8h	356.95	−0.023%	$4.8M	$2.4M	—	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.70	−0.092%	$144K	$51K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.14	+0.031%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.025%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.92	−0.031%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.73	−0.084%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.16	+0.036%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.95	−0.022%	$98.8M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.77	−0.073%	$684K	$434K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.89	−0.039%	$156	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.48	−0.154%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.04	+0.004%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0059%	8h	357.07	+0.012%	$365K	$458K	20x	as long as short
Lighter GOOGLshort	+0.0072%	1h	357.15	+0.034%	$2.1M	$1.2M	20x
Binance GOOGLUSDT	+0.0080%	8h	357.10	+0.018%	$72.8M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	356.99	−0.012%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.83	−0.056%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.87	−0.045%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.67	−0.101%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.77	−0.073%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.96	−0.020%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.92	−0.031%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0111%	8h	357.13	+0.028%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0173%	8h	357.03	long leg	$13.8M	$12.8M	50x
Hotstuff GOOGL-PERP	+0.0192%	1h	356.86	−0.048%	$33K	—	20x	as long as short
edgeX GOOGLUSDC	+0.0776%	4h	356.83	−0.056%	$208K	$1.2M	10x	as long as short