Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.032%

Price spread now: Variational Omni against Lighter+0.059%7-day average +0.021% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.058%−$6 on $10k

Price spread, last 7 days−0.051%−$5 · spread now +0.059%, 7d avg +0.021%

Together, before fees−0.109%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.038% dearer against Lighter than usual: you sell high and buy low (spread +0.059% now, against its 7-day average of +0.021%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 4 days (−0.058% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.51	0.0168	pay 0.0021% / 1h	57m 30s	$2.0M	$2.1M	20x
Short	Variational Omni GOOGL	357.72	0	get 0.0000% / 8h	4h 57m	$5.0M	$2.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now +0.059%Rate

Funding earned: −$35.28
Price spread: +0.059% → +0.021%: $3.77
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$31.51
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 2 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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	0.28 bp	0.4 bp $0	2.7 bp −$27	90.2 bp −$9,024	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.61 bp	doesn't fit	12.3 bp −$123	doesn't fit	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	−0.0088%	1h	357.32	−0.053%	$33K	—	20x	as long as short
Nado GOOGL-PERP	−0.0020%	1h	357.37	−0.041%	$552K	$83K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.33	−0.050%	$530K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.53	+0.006%	$11.6M	$7.8M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.55	+0.011%	$13.4M	$13.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.44	−0.020%	$3.7M	$6.2M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.60	+0.025%	$17.4M	$9.9M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.72	+0.059%	$5.0M	$2.4M	—
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.77	+0.073%	$12K	$467K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.74	+0.064%	$1K	$3.7M	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.33	−0.050%	$29K	$151K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.72	+0.059%	$115K	$212K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.71	+0.056%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0032%	8h	357.54	+0.010%	$367K	$420K	20x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.60	+0.025%	$1.4M	$1.9M	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.53	+0.006%	$144K	$41K	10x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.109%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.62	+0.031%	—	$5K	25x	as long as short
Extended GOOGL-USD	+0.0048%	1h	357.43	−0.021%	$426K	$2.8M	20x	as long as short
Binance GOOGLUSDT	+0.0049%	8h	357.55	+0.011%	$73.0M	$146.0M	50x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.34	−0.048%	$98.0M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.45	−0.017%	$684K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.33	−0.050%	$107	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.33	−0.050%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0059%	8h	357.47	−0.010%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.40	−0.031%	$1.2M	$4.1M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.26	−0.070%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.062%	$3.0M	$312K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.56	+0.014%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.39	−0.034%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.37	−0.039%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.62	+0.031%	$138K	$36K	20x	as long as short
Lighter GOOGLlong	+0.0168%	1h	357.51	long leg	$2.0M	$2.1M	20x
BloFin GOOGL-USDT	+0.0169%	8h	357.86	+0.098%	$694K	$231K	20x	as long as short
edgeX GOOGLUSDC	+0.0226%	4h	357.67	+0.046%	$208K	$1.2M	10x	as long as short
Arcus GOOGL-USD	+0.0303%	1h	357.34	−0.048%	$212K	$222K	10x	as long as short