Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.042%

Price spread now: Aster against Lighter RH+0.032%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.032%, 7d avg +0.022%

Together, before fees+0.048%+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.022%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.40	0.0032	pay 0.0004% / 1h	34m 03s	$1.4M	$1.9M	20x
Short	Aster GOOGLUSDT	357.51	0.0014	get 0.0014% / 8h	34m 03s	$366K	$424K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. 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 Lighter RHbpFee AsterbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$3.86
Price spread: +0.032% → +0.022%: $0.95
Slippage, 4 orders: −$27.49
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$38.4
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Aster: 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 RH live order book, 4 min ago	1.82 bp	2.0 bp −$2	5.3 bp −$53	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.52 bp	7.6 bp −$8	11.2 bp −$112	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	−0.0048%	1h	356.60	−0.224%	$511K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.48	+0.022%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.35	−0.014%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.58	+0.050%	$17.3M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.35	−0.015%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.42	+0.006%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.54	+0.039%	$2K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.30	−0.028%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.59	+0.053%	$115K	$210K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.51	+0.031%	$2.7M	$88K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado GOOGL-PERP	+0.0009%	1h	357.34	−0.016%	$550K	$91K	20x	as long as short
Aster GOOGLUSDTshort	+0.0014%	8h	357.51	+0.032%	$366K	$424K	20x
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.23	−0.047%	$144K	$45K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.40	long leg	$1.4M	$1.9M	20x
Extended GOOGL-USD	+0.0032%	1h	357.44	+0.010%	$427K	$2.5M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.078%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.39	−0.003%	$1.3M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0036%	8h	357.47	+0.020%	$72.1M	$143.4M	50x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	−0.067%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.57	+0.048%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.27	−0.036%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.24	−0.045%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.31	−0.025%	$139	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.03	−0.104%	$2.3M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0051%	8h	357.46	+0.016%	$293	$253	5x	as long as short
KuCoin GOOGLUSDTM	+0.0063%	8h	357.01	−0.109%	$3.0M	$101K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.25	−0.043%	$42K	$35K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.13	−0.076%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.33	−0.020%	$10K	$11K	20x	as long as short
Bybit GOOGLUSDT	+0.0104%	8h	357.54	+0.039%	$11.5M	$7.9M	100x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.38	−0.006%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.08	−0.090%	$137K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0120%	1h	357.20	−0.056%	$33K	—	20x	as long as short
BloFin GOOGL-USDT	+0.0144%	8h	357.46	+0.017%	$687K	$236K	20x	as long as short
Lighter GOOGL	+0.0144%	1h	357.43	+0.008%	$2.0M	$1.4M	20x	as long as short
edgeX GOOGLUSDC	+0.0627%	4h	357.28	−0.033%	$208K	$1.2M	10x	as long as short