Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.025%

Price spread now: Lighter against KuCoin+0.078%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days−0.049%−$5 · spread now +0.078%, 7d avg +0.037%

Together, before fees+0.103%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.041% dearer against KuCoin than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	357.60	0.0100	pay 0.0100% / 8h	5h 41m	$3.0M	$259K	20x
Short	Lighter GOOGL	357.88	0.0104	get 0.0013% / 1h	41m 22s	$2.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0.84
Price spread: +0.078% → +0.037%: $4.09
Slippage, 4 orders: −$64.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$71.31
Costs to cover: 0.762%
Break-even: 601.3 days

Slippage from KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	6.71 bp	49.2 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	0.70 bp	0.7 bp −$1	3.0 bp −$30	58.6 bp −$5,858	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
Hotstuff GOOGL-PERP	−0.1600%	1h	354.25	−0.937%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.46	−0.039%	$517K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.95	+0.098%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.96	+0.101%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.84	+0.067%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.00	+0.112%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.87	+0.077%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.96	+0.101%	$1K	$3.7M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.09	+0.137%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	358.06	+0.129%	$2.7M	$114K	10x	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	+0.0031%	1h	357.86	+0.072%	$144K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.91	+0.087%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.134%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0045%	8h	357.96	+0.100%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.94	+0.095%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.72	+0.034%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.83	+0.064%	$685K	$422K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.65	+0.014%	$109	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.58	−0.006%	$2.3M	$4.0M	15x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	357.77	+0.048%	$29K	$152K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0058%	8h	357.90	+0.085%	$12K	$467K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.83	+0.063%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.87	+0.076%	$1.2M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0061%	8h	358.01	+0.115%	$73.1M	$145.4M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.89	+0.081%	$426K	$2.4M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.88	+0.078%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	357.60	long leg	$3.0M	$259K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.68	+0.022%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.82	+0.062%	$10K	$11K	20x	as long as short
Lighter GOOGLshort	+0.0104%	1h	357.88	+0.078%	$2.0M	$2.2M	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.80	+0.056%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0113%	1h	357.69	+0.027%	$552K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.77	+0.048%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0180%	8h	357.99	+0.109%	$695K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.84	+0.067%	$211K	$213K	10x	as long as short
edgeX GOOGLUSDC	+0.0718%	4h	357.82	+0.060%	$208K	$1.2M	10x	as long as short