Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.048%

Price spread now: SunX against Lighter+0.006%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$990.991% of the position

Long on Lighter Short on SunX

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)+0.255%+$25 · spread now +0.006%, 7d avg +0.012%

Together, before fees+0.033%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, 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	357.17	0.0184	pay 0.0023% / 1h	19m 36s	$2.0M	$1.3M	20x
Short	SunX GOOGL-USDT	357.19	0	get 0.0000% / 8h	7h 19m	$1K	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$38.64
Price spread: +0.006% → +0.012%: −$0.6
Slippage, 4 orders: −$91.08
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$138.32
Costs to cover: 0.991%
Break-even: never at this rate

Slippage from Lighter: live order book, 7 min ago; SunX: live order book, 9 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, 7 min ago	0.28 bp	0.5 bp $0	2.9 bp −$29	70.0 bp −$6,999	doesn't fit
Sell SunX live order book, 9 min ago	44.69 bp	49.2 bp −$49	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	356.42	−0.210%	$513K	$1.1M	10x	as long as short
Aster GOOGLUSDT	0.0000%	8h	357.07	−0.028%	$367K	$423K	20x	as long as short
Extended GOOGL-USD	0.0000%	1h	357.11	−0.017%	$424K	$2.5M	20x	as long as short
Binance GOOGLUSDT	0.0000%	8h	357.25	+0.022%	$72.3M	$142.1M	50x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.23	+0.017%	$11.5M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.30	+0.036%	$13.5M	$13.3M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	−0.017%	$3.6M	$7.1M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.36	+0.053%	$17.3M	$9.7M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.07	−0.027%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.05	−0.033%	$23K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX GOOGL-USDTshort	0.0000%	8h	357.19	+0.006%	$1K	$3.9M	20x
HTX GOOGL-USDT	0.0000%	8h	357.29	+0.034%	$115K	$209K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.28	+0.031%	$2.7M	$92K	10x	as long as short
edgeX GOOGLUSDC	+0.0010%	4h	356.96	−0.058%	$208K	$1.2M	10x	as long as short
BloFin GOOGL-USDT	+0.0021%	8h	357.11	−0.017%	$691K	$234K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0028%	1h	356.74	−0.121%	$144K	$44K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.14	−0.008%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.014%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	357.19	+0.006%	$1.3M	$4.1M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0040%	1h	356.90	−0.076%	$33K	—	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.00	−0.048%	$209K	$282K	10x	as long as short
Nado GOOGL-PERP	+0.0045%	1h	356.97	−0.056%	$549K	$88K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.20	+0.008%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.00	−0.048%	$98.1M	$21.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.76	−0.115%	$684K	$414K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.88	−0.081%	$125	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.08	−0.025%	$2.3M	$4.0M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.13	−0.012%	$293	$253	5x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0058%	1h	356.98	−0.053%	$24K	$149K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0061%	8h	356.72	−0.126%	$3.0M	$159K	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.68	−0.137%	$137K	$36K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.91	−0.073%	$42K	$25K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.94	−0.064%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.02	−0.042%	$10K	$12K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.98	−0.055%	$25K	—	10x	as long as short
Lighter GOOGLlong	+0.0184%	1h	357.17	long leg	$2.0M	$1.3M	20x