Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0157%/8h= −17.2% APRpaid last 24h −0.023%

Price spread now: KuCoin against Lighter−0.123%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1261.265% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.123%, 7d avg −0.038%

Together, before fees−0.089%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.085% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.69	0.0216	pay 0.0027% / 1h	34m 20s	$2.0M	$1.3M	20x
Short	KuCoin GOOGLUSDTM	357.25	0.0059	get 0.0059% / 8h	7h 34m	$3.0M	$143K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$32.97
Price spread: −0.123% → −0.038%: −$8.54
Slippage, 4 orders: −$114.47
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$167.98
Costs to cover: 1.265%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; KuCoin: 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 Lighter live order book, 2 min ago	0.70 bp	0.7 bp −$1	2.9 bp −$29	89.1 bp −$8,914	doesn't fit
Sell KuCoin live order book, 3 min ago	4.62 bp	73.9 bp −$74	doesn't fit	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
Coinbase International GOOGL-PERP-INTX	−0.0080%	1h	357.28	−0.115%	$517K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.79	+0.029%	$367K	$422K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.79	+0.028%	$13.5M	$12.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.50	−0.053%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.76	+0.020%	$17.3M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.63	−0.018%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.57	−0.034%	$23K	$431K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	+0.011%	$2K	$3.9M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.49	−0.056%	$24K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.79	+0.028%	$115K	$209K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.72	+0.008%	$2.7M	$91K	10x	as long as short
Binance GOOGLUSDT	+0.0023%	8h	357.74	+0.014%	$72.3M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.65	−0.010%	$424K	$2.5M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.51	−0.050%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.64	−0.014%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.159%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.67	−0.006%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	357.30	−0.109%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.48	−0.059%	$209K	$280K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.80	+0.031%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.48	−0.059%	$98.4M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.36	−0.092%	$685K	$415K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.47	−0.062%	$118	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.39	−0.084%	$2.3M	$4.1M	15x	as long as short
Nado GOOGL-PERP	+0.0052%	1h	357.47	−0.061%	$550K	$88K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0058%	8h	357.60	−0.025%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTMshort	+0.0059%	8h	357.25	−0.123%	$3.0M	$143K	20x
Bybit GOOGLUSDT	+0.0084%	8h	357.72	+0.008%	$11.5M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0087%	8h	357.67	−0.006%	$686K	$234K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	357.36	−0.092%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.058%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.37	−0.089%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	−0.034%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.47	−0.062%	$25K	—	10x	as long as short
Lighter GOOGLlong	+0.0216%	1h	357.69	long leg	$2.0M	$1.3M	20x
edgeX GOOGLUSDC	+0.0385%	4h	357.49	−0.055%	$209K	$1.2M	10x	as long as short