Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Gate against Lighter RH−0.028%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.259% of the position

Long on Lighter RH Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 7 days+0.032%+$3 · spread now −0.028%, 7d avg +0.029%

Together, before fees+0.012%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.057% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	356.89	0.0032	pay 0.0004% / 1h	33m 45s	$1.3M	$2.3M	20x
Short	Gate GOOGL_USDT	356.79	0	get 0.0000% / 8h	6h 33m	$3.6M	$7.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.028%Rate

Funding earned: −$6.72
Price spread: −0.028% → +0.029%: −$5.72
Slippage, 4 orders: −$10.9
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.35
Costs to cover: 0.259%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Gate: live order book, 5 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	1.54 bp	1.8 bp −$2	3.6 bp −$36	43.3 bp −$4,331	doesn't fit
Sell Gate live order book, 5 min ago	1.82 bp	11.7 bp −$12	20.9 bp −$209	doesn't fit	doesn't fit

GOOGL on 35 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	−0.0255%	1h	356.48	−0.115%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	356.77	−0.034%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.40	−0.137%	$529K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0005%	1h	356.71	−0.050%	$556K	$80K	20x	as long as short
Gate GOOGL_USDTshort	0.0000%	8h	356.79	−0.028%	$3.6M	$7.5M	100x
Bitget GOOGLUSDT	0.0000%	8h	356.75	−0.039%	$16.9M	$9.2M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.045%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.84	−0.014%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.96	+0.020%	$115K	$228K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.85	−0.011%	$2.7M	$67K	10x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.49	−0.113%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	−0.042%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	356.89	long leg	$1.3M	$2.3M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.064%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.77	−0.034%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.54	−0.098%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.94	+0.014%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.78	−0.031%	$98.7M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.54	−0.098%	$684K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.79	−0.028%	$156	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.51	−0.106%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGL	+0.0056%	1h	356.87	−0.006%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.060%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.84	−0.015%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	356.73	−0.044%	$365K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.79	−0.029%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	−0.076%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	356.86	−0.010%	$72.8M	$141.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.61	−0.078%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.44	−0.126%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.57	−0.090%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.71	−0.050%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.68	−0.059%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0127%	8h	357.03	+0.039%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.98	+0.025%	$13.8M	$12.8M	50x	as long as short