Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: HTX against Lighter RH+0.025%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.203% of the position

Long on Lighter RH Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now +0.025%, 7d avg +0.050%

Together, before fees+0.083%+ Points / potential airdropLighter RH: Points live · farm board+$8 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 HTX is 0.024% cheaper against Lighter RH than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.77	0.0032	pay 0.0004% / 1h	32m 46s	$1.3M	$2.1M	20x
Short	HTX GOOGL-USDT	357.86	0	get 0.0000% / 8h	4h 32m	$115K	$221K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$6.72
Price spread: +0.025% → +0.050%: −$2.44
Slippage, 4 orders: −$8.31
Fee Lighter RH: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$29.46
Costs to cover: 0.203%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; HTX: live order book, 24 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, 5 min ago	1.26 bp	1.5 bp −$2	3.8 bp −$38	46.2 bp −$4,617	doesn't fit
Sell HTX live order book, 24 min ago	1.54 bp	7.5 bp −$8	14.7 bp −$147	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	357.54	−0.064%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	−0.039%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.76	−0.003%	$17.5M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	−0.013%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.79	+0.006%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	−0.006%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.44	−0.092%	$24K	$155K	10x	as long as short
HTX GOOGL-USDTshort	0.0000%	8h	357.86	+0.025%	$115K	$221K	30x
Phemex GOOGLUSDT	0.0000%	4h	357.88	+0.031%	$2.7M	$86K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	357.62	−0.042%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGLlong	+0.0032%	1h	357.77	long leg	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.182%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.092%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	−0.014%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.031%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.51	−0.073%	$99.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.48	−0.081%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	−0.073%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	−0.103%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0060%	8h	357.88	+0.032%	$366K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0079%	8h	357.75	−0.006%	$73.1M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.65	−0.032%	$426K	$1.8M	20x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.48	−0.081%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.081%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.32	−0.126%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.47	−0.084%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.47	−0.084%	$10K	$10K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0104%	8h	357.66	−0.032%	$293	$253	5x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.51	−0.073%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.60	−0.046%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.51	−0.073%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0112%	8h	357.68	−0.025%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0179%	4h	357.72	−0.013%	$209K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	+0.0189%	8h	357.81	+0.011%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0199%	8h	357.74	−0.008%	$696K	$234K	20x	as long as short
Lighter GOOGL	+0.0288%	1h	357.78	+0.003%	$2.0M	$1.3M	20x	as long as short