Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h +0.039%

Price spread now: BloFin against Lighter+0.011%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.132%+$13 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.011%, 7d avg +0.014%

Together, before fees+0.281%+ Points / potential airdropLighter: Season 3 · farm board+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.132%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.71	0.0280	pay 0.0035% / 1h	11m 10s	$2.0M	$1.3M	20x
Short	BloFin GOOGL-USDT	357.75	0.0212	get 0.0212% / 8h	4h 11m	$694K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Lighter. 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 LighterbpFee BloFinbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$14.3
Price spread: +0.011% → +0.014%: −$0.29
Slippage, 4 orders: −$1.78
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$28.37
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; BloFin: live order book, 25 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 Lighter live order book, 5 min ago	0.28 bp	0.4 bp $0	2.6 bp −$26	96.9 bp −$9,691	doesn't fit
Sell BloFin live order book, 25 min ago	0.14 bp	6.4 bp −$6	7.8 bp −$78	16.1 bp −$1,607	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	−0.0048%	1h	357.54	−0.048%	$526K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0008%	1h	357.48	−0.064%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.028%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.77	+0.017%	$17.4M	$9.6M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.76	+0.014%	$23K	$432K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.74	+0.008%	$2K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.022%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.034%	$2.7M	$86K	10x	as long as short
Variational Omni GOOGL	+0.0009%	8h	357.68	−0.009%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.63	−0.023%	$144K	$48K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGL	+0.0032%	1h	357.70	−0.003%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.165%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.075%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.65	−0.017%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.014%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.54	−0.048%	$99.1M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.070%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.49	−0.062%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.34	−0.103%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	357.85	+0.039%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	357.41	−0.084%	$557K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	357.65	−0.017%	$423K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0092%	8h	357.77	+0.017%	$73.0M	$141.2M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.088%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.27	−0.123%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.48	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.59	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.037%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0107%	8h	357.63	−0.023%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.031%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.74	+0.008%	$13.8M	$12.4M	50x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0170%	1h	357.50	−0.059%	$24K	$155K	10x	as long as short
BloFin GOOGL-USDTshort	+0.0212%	8h	357.75	+0.011%	$694K	$234K	20x
Bybit GOOGLUSDT	+0.0217%	8h	357.81	+0.028%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGLlong	+0.0280%	1h	357.71	long leg	$2.0M	$1.3M	20x
edgeX GOOGLUSDC	+0.0650%	4h	357.72	+0.002%	$209K	$1.2M	10x	as long as short