Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.015%

Price spread now: Lighter against Variational Omni−0.033%7-day average −0.022% · you buy dearer than you sell

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.049%+$5 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.033%, 7d avg −0.022%

Together, before fees+0.078%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.022%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	357.23	0	get 0.0000% / 8h	1h 56m	$4.7M	$2.4M	—
Short	Lighter GOOGL	357.11	0.0152	get 0.0019% / 1h	56m 09s	$2.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.033%Rate

Funding earned: $31.92
Price spread: −0.033% → −0.022%: −$1.13
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $30.79
Costs to cover: 0.000%
Break-even: 0.2 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Lighter: live order book, 5 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 Variational Omni RFQ quote, 3 min ago	2.62 bp	doesn't fit	7.5 bp −$75	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	0.28 bp	0.4 bp $0	2.5 bp −$25	79.8 bp −$7,976	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
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.88	−0.098%	$519K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	356.93	−0.084%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.14	−0.025%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.02	−0.058%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.26	+0.009%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGLlong	0.0000%	8h	357.23	long leg	$4.7M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.33	+0.028%	$23K	$445K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.16	−0.019%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.87	−0.100%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.25	+0.006%	$115K	$212K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.30	+0.020%	$2.7M	$87K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0023%	1h	357.22	−0.002%	$145K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.09	−0.039%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.030%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.09	−0.039%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.28	+0.013%	$365K	$424K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.96	−0.075%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.24	+0.003%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.99	−0.067%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.92	−0.086%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.96	−0.075%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.89	−0.095%	$157	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.86	−0.103%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0056%	8h	357.05	−0.051%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.15	−0.023%	$72.0M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.05	−0.050%	$422K	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.92	−0.087%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.69	−0.151%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.08	−0.042%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.96	−0.075%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.02	−0.059%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.09	−0.039%	$137K	$36K	20x	as long as short
Lighter GOOGLshort	+0.0152%	1h	357.11	−0.033%	$2.0M	$1.3M	20x
BloFin GOOGL-USDT	+0.0181%	8h	357.29	+0.017%	$689K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0186%	8h	357.17	−0.016%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0802%	4h	357.22	−0.002%	$208K	$1.2M	10x	as long as short