Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h +0.049%

Price spread now: Lighter against SunX−0.031%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1001.002% of the position

Long on SunX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.226%+$23 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.031%, 7d avg −0.012%

Together, before fees+0.164%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.31	0	get 0.0000% / 8h	4h 47m	$2K	$3.6M	20x
Short	Lighter GOOGL	357.20	0.0112	get 0.0014% / 1h	47m 22s	$2.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.031%Rate

Funding earned: $23.52
Price spread: −0.031% → −0.012%: −$1.91
Slippage, 4 orders: −$92.19
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$78.58
Costs to cover: 1.002%
Break-even: 30.4 days

Slippage from SunX: live order book, 4 min ago; Lighter: live order book, 3 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 SunX live order book, 4 min ago	44.89 bp	49.4 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.42 bp	0.8 bp −$1	4.3 bp −$43	89.7 bp −$8,971	doesn't fit

GOOGL on 36 exchanges

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	−0.0072%	1h	357.34	+0.008%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	−0.067%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.21	−0.028%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.23	−0.022%	$13.4M	$13.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.13	−0.050%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.23	−0.022%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.44	+0.036%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	−0.036%	$12K	$463K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.31	long leg	$2K	$3.6M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.04	−0.076%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.40	+0.025%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.55	+0.067%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0027%	8h	357.32	+0.003%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.25	−0.017%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.11	−0.057%	$144K	$42K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.053%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0044%	1h	357.08	−0.065%	$549K	$86K	20x	as long as short
Binance GOOGLUSDT	+0.0045%	8h	357.24	−0.020%	$72.9M	$145.9M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.28	−0.008%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.16	−0.043%	$423K	$2.9M	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.00	−0.087%	$97.9M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.12	−0.053%	$719K	$523K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.97	−0.095%	$103	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.034%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.14	−0.049%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.17	−0.039%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.92	−0.108%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.97	−0.095%	$3.0M	$323K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.03	−0.078%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.15	−0.045%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.01	−0.083%	$25K	—	10x	as long as short
Lighter GOOGLshort	+0.0112%	1h	357.20	−0.031%	$2.0M	$2.2M	20x
BloFin GOOGL-USDT	+0.0169%	8h	357.20	−0.031%	$691K	$230K	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	356.93	−0.106%	$137K	$60K	20x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.04	−0.076%	$212K	$217K	10x	as long as short
edgeX GOOGLUSDC	+0.0315%	4h	357.18	−0.036%	$208K	$1.2M	10x	as long as short