Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.013%

Price spread now: Lighter RH against Paradex+0.010%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 RH

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 RH: Points live · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), 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	Paradex GOOGL-USD-PERP	356.67	0.0063	pay 0.0063% / 8h	6h 39m	$292	$253	5x
Short	Lighter RH GOOGL	356.71	0.0032	get 0.0004% / 1h	39m 33s	$1.4M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$6.61
Price spread: +0.010% → 0.000%: $1.03
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$9.58
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Lighter RH: live order book, 3 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 RH live order book, 3 min ago	1.54 bp	1.8 bp −$2	4.7 bp −$47	46.8 bp −$4,675	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
Hotstuff GOOGL-PERP	−0.0024%	1h	356.63	−0.012%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.00	−0.189%	$528K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.67	−0.001%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.73	+0.016%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.71	+0.011%	$24K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.002%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.49	−0.051%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.86	+0.052%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.72	+0.013%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	+0.0006%	1h	356.53	−0.039%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.32	−0.099%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0022%	8h	356.66	−0.004%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	356.71	+0.010%	$1.4M	$2.3M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.125%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.61	−0.018%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.43	−0.068%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.79	+0.033%	—	$5K	25x	as long as short
Lighter GOOGL	+0.0048%	1h	356.70	+0.007%	$2.1M	$1.2M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.61	−0.018%	$98.5M	$22.2M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.41	−0.074%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.62	−0.015%	$165	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.35	−0.091%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0063%	8h	356.67	long leg	$292	$253	5x
Aster GOOGLUSDT	+0.0074%	8h	356.59	−0.025%	$364K	$458K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.70	+0.007%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0095%	8h	356.72	+0.013%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.63	−0.013%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.46	−0.061%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.28	−0.110%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.36	−0.088%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.57	−0.029%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.58	−0.027%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0112%	8h	356.90	+0.064%	$11.6M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.88	+0.058%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.057%	$651K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0814%	4h	356.62	−0.014%	$209K	$1.2M	10x	as long as short