Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0179%/8h= +19.6% APRpaid last 24h +0.024%

Price spread now: Lighter against Paradex+0.034%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.034% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	356.37	0.0085	pay 0.0085% / 8h	1h 45m	$292	$253	5x
Short	Lighter GOOGL	356.49	0.0264	get 0.0033% / 1h	45m 06s	$2.0M	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: $37.66
Price spread: +0.034% → 0.000%: $3.42
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $37.08
Costs to cover: 0.040%
Break-even: 0.1 days

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 2 min ago	0.28 bp	0.3 bp $0	4.3 bp −$43	116.1 bp −$11.6K	doesn't fit

Paradex: 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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.19	−0.050%	$530K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.32	−0.014%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.35	−0.005%	$4.6M	$2.5M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.35	−0.004%	$23K	$491K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.44	+0.020%	$1K	$4.2M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.59	+0.062%	$114K	$224K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.44	+0.020%	$2.7M	$64K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.10	−0.076%	$144K	$55K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	356.55	+0.051%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0029%	8h	356.62	+0.070%	$362K	$455K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	356.52	+0.043%	$1.4M	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.211%	$128K	$45K	30x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.25	−0.033%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0045%	1h	356.36	−0.002%	$1.3M	$4.8M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.40	+0.009%	—	$5K	25x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.24	−0.036%	$683K	$438K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.25	−0.033%	$188	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.07	−0.084%	$2.3M	$5.0M	15x	as long as short
Binance GOOGLUSDT	+0.0054%	8h	356.50	+0.037%	$73.1M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	356.44	+0.020%	$421K	$1.6M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0056%	1h	356.35	−0.005%	$98.0M	$25.2M	20x	as long as short
Bitget GOOGLUSDT	+0.0066%	8h	356.52	+0.043%	$16.9M	$9.2M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0069%	8h	356.51	+0.040%	$13.8M	$12.8M	50x	as long as short
edgeX GOOGLUSDC	+0.0069%	4h	356.37	−0.001%	$208K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0085%	8h	356.37	long leg	$292	$253	5x
Deribit GOOGL_USDC-PERPETUAL	+0.0087%	1h	356.33	−0.011%	$22K	$151K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.11	−0.071%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.087%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.05	−0.089%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.33	−0.011%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.32	−0.014%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0135%	1h	356.27	−0.028%	$137K	$48K	20x	as long as short
Nado GOOGL-PERP	+0.0140%	1h	356.17	−0.056%	$558K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0169%	1h	356.22	−0.042%	$202K	$271K	10x	as long as short
BloFin GOOGL-USDT	+0.0174%	8h	356.39	+0.006%	$689K	$235K	20x	as long as short
Lighter GOOGLshort	+0.0264%	1h	356.49	+0.034%	$2.0M	$1.0M	20x