Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.052%

Price spread now: HTX against Lighter+0.036%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.222%−$22 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.036%, 7d avg +0.043%

Together, before fees−0.112%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.66	0.0200	pay 0.0025% / 1h	37m 05s	$2.0M	$1.3M	20x
Short	HTX GOOGL-USDT	357.79	0	get 0.0000% / 8h	3h 37m	$115K	$220K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$42
Price spread: +0.036% → +0.043%: −$0.68
Slippage, 4 orders: −$7.1
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$61.78
Costs to cover: 0.191%
Break-even: never at this rate

Slippage from Lighter: live order book, 10 min ago; HTX: live order book, 14 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, 10 min ago	0.70 bp	0.7 bp −$1	2.1 bp −$21	80.7 bp −$8,066	doesn't fit
Sell HTX live order book, 14 min ago	2.80 bp	8.8 bp −$9	19.7 bp −$197	doesn't fit	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	−0.0086%	1h	357.31	−0.098%	$24K	$155K	10x	as long as short
Nado GOOGL-PERP	−0.0001%	1h	357.49	−0.047%	$558K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.55	−0.031%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.69	+0.008%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.65	−0.003%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.79	+0.036%	$115K	$220K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.65	−0.003%	$2.7M	$85K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.11	−0.154%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0025%	1h	357.30	−0.101%	$144K	$48K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0027%	8h	357.52	−0.040%	$23K	$440K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0029%	8h	357.51	−0.041%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.69	+0.008%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.151%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.28	−0.106%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.74	+0.022%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.47	−0.053%	$99.2M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.37	−0.081%	$685K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.053%	$142	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.17	−0.137%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.52	−0.039%	$1.3M	$4.2M	10x	as long as short
Aster GOOGLUSDT	+0.0084%	8h	357.74	+0.023%	$366K	$426K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0097%	8h	357.62	−0.011%	$13.8M	$12.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.61	−0.014%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.15	−0.143%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.42	−0.067%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.48	−0.050%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0104%	8h	357.67	+0.002%	$72.3M	$141.9M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0104%	8h	357.61	−0.015%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.57	−0.024%	$419K	$1.8M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.48	−0.051%	$25K	—	10x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.48	−0.050%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.54	−0.034%	$138K	$36K	20x	as long as short
Lighter GOOGLlong	+0.0200%	1h	357.66	long leg	$2.0M	$1.3M	20x
edgeX GOOGLUSDC	+0.0216%	4h	357.52	−0.040%	$208K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0224%	8h	357.65	−0.003%	$695K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0236%	8h	357.75	+0.025%	$12.0M	$7.5M	100x	as long as short