Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0176%/8h= +19.3% APRpaid last 24h +0.022%

Price spread now: Lighter against Bitget−0.025%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$170.168% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.025%, 7d avg −0.033%

Together, before fees+0.132%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, 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	Bitget GOOGLUSDT	357.21	0	get 0.0000% / 8h	1h 51m	$17.3M	$9.8M	100x
Short	Lighter GOOGL	357.12	0.0176	get 0.0022% / 1h	51m 03s	$2.0M	$1.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: $36.96
Price spread: −0.025% → −0.033%: $0.75
Slippage, 4 orders: −$4.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.87
Costs to cover: 0.168%
Break-even: 3.0 days

Slippage from Bitget: live order book, 3 min ago; Lighter: live order book, 6 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 Bitget live order book, 3 min ago	0.70 bp	7.9 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.28 bp	0.4 bp $0	2.5 bp −$25	64.7 bp −$6,469	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	−0.092%	$519K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.02	−0.053%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.99	−0.062%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDTlong	0.0000%	8h	357.21	long leg	$17.3M	$9.8M	100x
Variational Omni GOOGL	0.0000%	8h	357.09	−0.033%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	−0.008%	$24K	$444K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.15	−0.017%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.81	−0.112%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.24	+0.008%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.25	+0.011%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0002%	1h	356.93	−0.079%	$554K	$88K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.22	+0.003%	$144K	$46K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.08	−0.036%	$1.4M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.025%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0038%	1h	357.03	−0.050%	$1.2M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0040%	8h	357.28	+0.020%	$365K	$424K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.95	−0.073%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.89	−0.090%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	+0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.91	−0.084%	$98.1M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.98	−0.064%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.91	−0.084%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.84	−0.104%	$2.3M	$4.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0055%	8h	357.06	−0.041%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	357.15	−0.017%	$72.1M	$143.6M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.05	−0.044%	$422K	$1.2M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.93	−0.078%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.95	−0.074%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.67	−0.151%	$3.0M	$103K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.99	−0.062%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.91	−0.084%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.058%	$25K	—	10x	as long as short
Lighter GOOGLshort	+0.0176%	1h	357.12	−0.025%	$2.0M	$1.3M	20x
BloFin GOOGL-USDT	+0.0181%	8h	357.15	−0.017%	$690K	$235K	20x	as long as short
Bybit GOOGLUSDT	+0.0181%	8h	357.17	−0.011%	$12.0M	$7.5M	100x	as long as short
edgeX GOOGLUSDC	+0.0703%	4h	357.11	−0.027%	$208K	$1.2M	10x	as long as short