Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against Orderly+0.045%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on Lighter RH

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

The price spread pays, funding is against you. Lighter RH is 0.045% dearer against Orderly than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	356.50	0.0100	pay 0.0100% / 8h	7h 49m	$10K	$10K	20x
Short	Lighter RH GOOGL	356.66	0.0032	get 0.0004% / 1h	49m 13s	$1.4M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Orderly. 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 OrderlybpFee Lighter RHbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$14.28
Price spread: +0.045% → 0.000%: $4.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.79
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 4 min ago	1.12 bp	1.3 bp −$1	4.7 bp −$47	49.1 bp −$4,905	doesn't fit

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
Hotstuff GOOGL-PERP	−0.0008%	1h	356.34	−0.045%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.54	+0.011%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.050%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.48	−0.006%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.78	+0.079%	$115K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.77	+0.076%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.38	−0.033%	$144K	$53K	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	356.66	+0.045%	$1.4M	$2.3M	20x
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.29	−0.059%	$529K	$1.1M	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.174%	$128K	$45K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest GOOGL-USD-PERP	+0.0046%	1h	356.61	+0.031%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.39	−0.031%	$98.1M	$24.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.46	−0.011%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.35	−0.042%	$175	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.14	−0.101%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.60	+0.028%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	+0.036%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0089%	1h	356.38	−0.033%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0096%	8h	356.53	+0.009%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.33	−0.048%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.19	−0.087%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	+0.034%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	356.50	long leg	$10K	$10K	20x
Aevo GOOGL-PERP	+0.0104%	1h	356.53	+0.009%	$25K	—	10x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.79	+0.082%	$365K	$457K	20x	as long as short
Lighter GOOGL	+0.0120%	1h	356.61	+0.031%	$2.1M	$1.1M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0121%	8h	356.81	+0.087%	$23K	$472K	10x	as long as short
Binance GOOGLUSDT	+0.0134%	8h	356.65	+0.042%	$73.2M	$142.5M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.58	+0.021%	$422K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0144%	8h	356.58	+0.022%	$16.9M	$9.2M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.56	+0.017%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0200%	8h	356.60	+0.028%	$13.8M	$12.8M	50x	as long as short
Bybit GOOGLUSDT	+0.0201%	8h	356.70	+0.056%	$11.5M	$7.7M	100x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.66	+0.045%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.45	−0.014%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0476%	4h	356.74	+0.066%	$210K	$1.2M	10x	as long as short