GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0183%/8h= +20.1% APRnext payment +$0.23 per $10,000 · paid last 24h +0.051%

Price spread now: Lighter against Deribit+0.070%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$160.156% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.174%−$17 · spread now +0.070%, 7d avg +0.042%

Together, before fees−0.155%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Lighter is 0.027% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.042%.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.020% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit GOOGL_USDC-PERPETUAL	358.94	0.0001	pay 0.0000% / 1h	7m 23s	$25K	$148K	10x
Short	Lighter GOOGL	359.19	0.0184	get 0.0023% / 1h	7m 23s	$2.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.070%Rate

Funding earned: $38.47
Price spread: +0.070% → +0.042%: $2.72
Slippage, 4 orders: −$8.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $25.58
Costs to cover: 0.156%
Break-even: 2.3 days

Slippage from Deribit: live order book, 44 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 Deribit live order book, 44 min ago	0.14 bp	3.6 bp −$4	5.6 bp −$56	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.70 bp	0.8 bp −$1	2.5 bp −$25	66.3 bp −$6,628	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
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.00	−0.262%	$516K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	359.20	+0.072%	$11.5M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.28	+0.095%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	359.04	+0.028%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.35	+0.114%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	359.17	+0.064%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.32	+0.106%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.26	+0.089%	$2.7M	$107K	10x	as long as short
Deribit GOOGL_USDC-PERPETUALlong	+0.0001%	1h	358.94	long leg	$25K	$148K	10x
Variational Omni GOOGL	+0.0009%	8h	359.20	+0.074%	$5.0M	$2.4M	—	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0028%	1h	358.84	−0.028%	$145K	$43K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	359.12	+0.050%	$1.3M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.507%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.25	+0.086%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.14	+0.056%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.93	−0.003%	$98.4M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	359.06	+0.033%	$688K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.87	−0.020%	$109	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.82	−0.033%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	359.09	+0.043%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0066%	8h	358.94	+0.001%	$368K	$420K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	358.91	−0.008%	$33K	—	20x	as long as short
Nado GOOGL-PERP	+0.0073%	1h	359.00	+0.017%	$553K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.99	+0.014%	$211K	$279K	10x	as long as short
Binance GOOGLUSDT	+0.0086%	8h	359.28	+0.096%	$73.2M	$141.8M	50x	as long as short
Extended GOOGL-USD	+0.0088%	1h	359.10	+0.044%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	359.14	+0.056%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.82	−0.033%	$3.0M	$230K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.93	−0.003%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	359.15	+0.059%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	359.10	+0.045%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.97	+0.008%	$138K	$36K	20x	as long as short
Lighter GOOGLshort	+0.0184%	1h	359.19	+0.070%	$2.0M	$2.2M	20x
GRVT GOOGL_USDT_Perp	+0.0203%	8h	359.25	+0.087%	$23K	$446K	10x	as long as short
BloFin GOOGL-USDT	+0.0204%	8h	359.22	+0.078%	$689K	$241K	20x	as long as short
edgeX GOOGLUSDC	+0.0485%	4h	359.17	+0.065%	$210K	$1.2M	10x	as long as short