Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG350.60+0.0048pay 0.0006% / 1h26m 47s$394K$187K20xLong Popdex
SHORT350.52+0.0216get 0.0027% / 1h26m 47s$2.8M$3.0M20xShort Lighter7d free
Price gap−0.023%
Funding gap+0.0168% /8h

Funding pays +$5 a day on $10k, but the gap is 0.021% under its 7d average: −$2 if it goes back, about 10 hours of funding. At the last 7 days' pace that is about 22 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$14+0.0168% /8h now · paid +0.144% over the last 7D
Price−$2spread −0.023% now, avg −0.002% → −0.021% if it goes back
Costs−$110.112% of $10k · taker + slippage, in and out
Result+$1+0.01%+ Points / potential airdropLighter: Season 3 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.023%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GOOGL on 37 exchanges

lowest funding first

Before you open

4 ok · 2 to watch
  • OK: Fits both order books4.4 / 0.6 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$500 + $500
    Popdex 20x, Lighter 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$5.04Long Popdex: 24 payments, −$1.44; short Lighter: 24 payments, +$6.48.
  • Watch: Gap narrower than usual−0.023% vs −0.002%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Long leg is thinner$394K vs $2.8M OI
    Popdex sets your exit cost. Check its book before closing.
  • OK: Points on a legLighter Season 3
    Volume here counts toward the points program.
  • OK: No KYC on either legPopdex No · Lighter No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0075%/8h × 21 periods+$15.81
Price spread−0.023% → −0.002% (7d avg)−$2.08
Slippage, 4 orderslive order books−$4.83
Fee Popdex bp × 2 orders−$6.40
Fee Lighter bp × 2 orders$0.00
Net · 7 days · $10k+$2.50
Costs to cover0.112%Break-even5.9 days
Slippage: Popdex: live order book, 6 min ago; Lighter: live order book, 5 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex0.864.4 bp−$46.7 bp−$67doesn’t fitdoesn’t fit
SELL · SHORTLighter0.570.6 bp−$11.7 bp−$1769.1 bp−$6,907doesn’t fit

Closing costs about the same again.

Alert

GOOGL news

posts that mention GOOGL or Alphabet, from every exchangeSearch all news →
09-28 18:50AevoOtherbitcoin:native is back near $83k after trading above $86k last week. Whether you trade the continuation or pullback, all options and this week’s Perp Majors count toward the volume requirement for our year-end reward. This week’s Perp Majors include: BTC, ETH, SOL, ZEC, NEAR, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-28 15:17Ondo PerpsProductIntroducing spot trading for @Ondo Stocks. This brings the basis trade onto a single platform: 1. Buy Ondo Stocks 2. Deploy them as collateral 3. Short the corresponding perp to collect funding Because the spot holding doubles as long exposure and collateral, delta-neutral strategies become more capital efficient. Running both legs on a single platform also eliminates the risks of managing positions across separate platforms. Starting with 12 assets: ✅ Silver (SLVon) ✅ Gold (GLDon) ✅ Micron (MUon) ✅ Tesla (TSLAon) ✅ Circle (CRCLon) ✅ NVIDIA (NVDAon) ✅ SpaceX (SPCXon) ✅ Sandisk (SNDKon) ✅ Alphabet (GOOGLon) ✅ S&P 500 ETF (SPYon) ✅ Invesco QQQ (QQQon) ✅ Roundhill Memory ETF (DRAMon) ✅ & more to come For the first time, Ondo Stocks are available for permissionless trading (outside the US) on a spot central limit order book. Ondo Stocks opened access to tokenized equities, supporting them as collateral made those holdings productive, and now, spot trading on Ondo Perps brings the entire workflow to a single platform. Another step closer to onchain prime brokerage. To celebrate the launch, spot trading is fee-free for the first 30 days. Build a basis trade → @OndoPerps on X ↗
09-23 01:46BackpackOtherTrade crypto & all perps. Pick your stock 🎒 Earn up to $1,000 in Meta $META or Alphabet $GOOGL shares. Live now: @Backpack on X ↗
09-21 16:05AevoContestbitcoin:native broke $85k, zcash:native crossed $1.5k, and near:native is up 70%+ in 7 days. Trading them adds volume to Aevo’s year-end leaderboard for the projected 808,800 USDC reward. Options count too, as do the other Perp Majors: ETH, SOL, HYPE, LIT, SPY, QQQ, HOOD, SNDK, MU, NVDA, TSLA, GOOGL. @aevoxyz on X ↗
09-16 13:44DeribitListing🚨 Always Open. To More. Now live on Deribit: Trade 17 new equity and ETF perpetuals across technology, ETFs, semiconductors, fintech, and crypto linked equities. All settled in USDC. MSTR · CRCL · NVDA · MSFT · META · TSLA · AAPL · GOOGL · AMZN · QQQ · SPY · AMD · HOOD · INTC · MRVL · SPCX · TSM This launch is part of Deribit’s biggest-ever product expansion: more than 90 new USDC-settled perpetuals across crypto, listed equities and ETFs, commodities, the COIN50 index and private-market valuations. Read more: Deribit. Always Open. Equity, Commodity and Pre-IPO perpetuals are offered under the Limited Licence Approval Deribit FZE received from VARA, and are subject to the conditions, eligibility requirements and restrictions applicable to that approval. @DeribitOfficial on X ↗