Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0070%/8h= −7.6% APRpaid last 24h −0.044%

Price spread now: Lighter RH against Binance−0.006%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 7 days−0.015%−$2 · spread now −0.006%, 7d avg −0.043%

Together, before fees−0.060%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.036% dearer against Binance than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.043%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours. At the pace of the last 7 days (−0.045% in total) that is about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GOOGLUSDT	357.61	0.0102	pay 0.0102% / 8h	3h 04m	$72.4M	$142.9M	50x
Short	Lighter RH GOOGL	357.59	0.0032	get 0.0004% / 1h	4m 16s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now −0.006%Rate

Funding earned: −$14.63
Price spread: −0.006% → −0.043%: $3.64
Slippage, 4 orders: −$4.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$25.52
Costs to cover: 0.145%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Lighter RH: live order book, 4 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 Binance live order book, 9 min ago	0.14 bp	5.6 bp −$6	8.1 bp −$81	22.6 bp −$2,263	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.54 bp	1.8 bp −$2	4.1 bp −$41	42.2 bp −$4,222	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
Gate GOOGL_USDT	0.0000%	8h	357.47	−0.040%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.63	+0.005%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.62	+0.002%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.38	−0.065%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.76	+0.041%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.68	+0.019%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0007%	1h	357.43	−0.050%	$558K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	+0.016%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.50	−0.032%	$144K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	357.63	+0.005%	$24K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0029%	8h	357.57	−0.011%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.59	−0.006%	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.138%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.36	−0.071%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.66	+0.013%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.41	−0.057%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.37	−0.068%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.40	−0.059%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.121%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.52	−0.026%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	357.56	−0.016%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0066%	8h	357.56	−0.015%	$13.7M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0082%	8h	357.53	−0.023%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.42	−0.055%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.48	−0.037%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.44	−0.048%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.034%	$10K	$11K	20x	as long as short
Binance GOOGLUSDTlong	+0.0102%	8h	357.61	long leg	$72.4M	$142.9M	50x
Extended GOOGL-USD	+0.0104%	1h	357.52	−0.027%	$419K	$1.2M	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.40	−0.059%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.48	−0.036%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.50	−0.031%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	357.62	+0.002%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.67	+0.016%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0239%	8h	357.72	+0.030%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0954%	4h	357.60	−0.004%	$208K	$1.2M	10x	as long as short