Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX+0.014%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.014%, 7d avg −0.020%

Together, before fees−0.015%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.034% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	356.48	0	get 0.0000% / 8h	7h 05m	$1K	$4.1M	20x
Short	Lighter RH GOOGL	356.53	0.0032	get 0.0004% / 1h	5m 06s	$1.4M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.014%Rate

Funding earned: $6.72
Price spread: +0.014% → −0.020%: $3.37
Slippage, 4 orders: −$93.84
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$91.74
Costs to cover: 1.018%
Break-even: 102.6 days

Slippage from SunX: live order book, 3 min ago; Lighter RH: 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, 3 min ago	44.74 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.26 bp	2.1 bp −$2	4.6 bp −$46	48.2 bp −$4,817	doesn't fit

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
Deribit GOOGL_USDC-PERPETUAL	−0.0283%	1h	356.10	−0.107%	$23K	$153K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.42	−0.017%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.43	−0.013%	$23K	$455K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	356.48	long leg	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	356.60	+0.034%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.020%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0011%	1h	356.17	−0.086%	$144K	$52K	10x	as long as short
Hotstuff GOOGL-PERP	+0.0024%	1h	356.32	−0.045%	$33K	—	20x	as long as short
Variational Omni GOOGL	+0.0030%	8h	356.38	−0.028%	$4.8M	$2.3M	—	as long as short
Lighter GOOGL	+0.0032%	1h	356.44	−0.011%	$2.1M	$1.1M	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 GOOGLshort	+0.0032%	1h	356.53	+0.014%	$1.4M	$2.3M	20x
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.22	−0.073%	$528K	$1.1M	10x	as long as short
Bitget GOOGLUSDT	+0.0033%	8h	356.46	−0.006%	$16.9M	$9.3M	100x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.180%	$128K	$45K	30x	as long as short
Nado GOOGL-PERP	+0.0035%	1h	356.35	−0.037%	$556K	$81K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.53	+0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.31	−0.048%	$98.3M	$22.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.26	−0.062%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.30	−0.050%	$167	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.15	−0.093%	$2.2M	$4.8M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.44	−0.011%	$1.3M	$4.7M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0067%	8h	356.48	−0.001%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0080%	8h	356.59	+0.032%	$364K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0082%	8h	356.49	+0.003%	$11.5M	$7.5M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.30	−0.052%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.06	−0.118%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.24	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.34	−0.039%	$10K	$10K	20x	as long as short
Binance GOOGLUSDT	+0.0101%	8h	356.50	+0.005%	$72.7M	$142.1M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	356.42	−0.017%	$421K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.35	−0.037%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.26	−0.062%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.49	+0.003%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0221%	8h	356.54	+0.017%	$690K	$234K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.24	−0.067%	$202K	$271K	10x	as long as short
edgeX GOOGLUSDC	+0.0679%	4h	356.43	−0.015%	$209K	$1.2M	10x	as long as short