Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.051%

Price spread now: Lighter against HTX−0.028%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.221%+$22 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now −0.028%, 7d avg −0.044%

Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.044%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	357.88	0	get 0.0000% / 8h	5h 46m	$115K	$223K	30x
Short	Lighter GOOGL	357.78	0.0088	get 0.0011% / 1h	46m 54s	$2.1M	$1.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now −0.028%Rate

Funding earned: $18.48
Price spread: −0.028% → −0.044%: $1.64
Slippage, 4 orders: −$7.18
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.94
Costs to cover: 0.192%
Break-even: 6.6 days

Slippage from HTX: live order book, 15 min ago; Lighter: live order book, 10 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 HTX live order book, 15 min ago	2.80 bp	8.8 bp −$9	10.0 bp −$100	doesn't fit	doesn't fit
Sell Lighter live order book, 10 min ago	0.56 bp	0.8 bp −$1	4.0 bp −$40	104.2 bp −$10.4K	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	−0.0617%	1h	357.24	−0.179%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0066%	1h	357.60	−0.079%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.165%	$523K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.64	−0.067%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.074%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.65	−0.065%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.71	−0.048%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	357.88	long leg	$115K	$223K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.75	−0.036%	$2.7M	$75K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0005%	1h	357.43	−0.126%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit GOOGLUSDT	+0.0022%	8h	357.80	−0.022%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.62	−0.073%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.75	−0.036%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.212%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0035%	8h	357.64	−0.068%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.43	−0.126%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.84	−0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.095%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.40	−0.134%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.095%	$144	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.38	−0.140%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.73	−0.043%	$293	$253	5x	as long as short
Binance GOOGLUSDT	+0.0055%	8h	357.73	−0.042%	$72.9M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.63	−0.070%	$421K	$1.8M	20x	as long as short
Bitget GOOGLUSDT	+0.0056%	8h	357.74	−0.039%	$17.0M	$9.3M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0072%	1h	357.54	−0.095%	$33K	—	20x	as long as short
Lighter GOOGLshort	+0.0088%	1h	357.78	−0.028%	$2.1M	$1.2M	20x
Pacifica GOOGL	+0.0100%	1h	357.48	−0.111%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.34	−0.151%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.57	−0.087%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.56	−0.089%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.089%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.54	−0.095%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0133%	8h	357.72	−0.045%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0175%	8h	357.69	−0.053%	—	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0789%	4h	357.68	−0.057%	$209K	$1.2M	10x	as long as short