Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.007%

Price spread now: Variational Omni against Lighter RH−0.007%7-day average +0.032% · you buy dearer than you sell

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

Long on Lighter RH Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.007%, 7d avg +0.032%

Together, before fees+0.032%+ Points / potential airdropLighter RH: Points live · Variational Omni: Active · farm board+$3 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 Variational Omni is 0.039% cheaper against Lighter RH than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.90	0.0032	pay 0.0004% / 1h	43m 24s	$1.4M	$1.8M	20x
Short	Variational Omni GOOGL	357.87	0	get 0.0000% / 8h	5h 43m	$5.0M	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: −$6.72
Price spread: −0.007% → +0.032%: −$3.91
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$10.63
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter RH: live order book, 3 min ago; Variational Omni: RFQ quote, 4 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 RH live order book, 3 min ago	1.82 bp	2.0 bp −$2	4.7 bp −$47	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.61 bp	doesn't fit	9.4 bp −$94	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	−0.1600%	1h	354.22	−1.028%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.46	−0.123%	$517K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.88	−0.006%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.95	+0.014%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.80	−0.028%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.90	0.000%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGLshort	0.0000%	8h	357.87	−0.007%	$5.0M	$2.3M	—
SunX GOOGL-USDT	0.0000%	8h	357.95	+0.014%	$2K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.69	−0.059%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	358.03	+0.036%	$115K	$211K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	358.01	+0.031%	$2.7M	$114K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0031%	1h	357.87	−0.010%	$144K	$42K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.90	long leg	$1.4M	$1.8M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.218%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0044%	8h	357.85	−0.014%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.97	+0.020%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.69	−0.059%	$98.0M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.82	−0.022%	$685K	$422K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.61	−0.081%	$106	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.57	−0.092%	$2.3M	$4.0M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.79	−0.031%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.92	+0.006%	$1.3M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	357.99	+0.025%	$73.1M	$145.5M	50x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.88	−0.005%	$426K	$2.4M	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0066%	8h	357.96	+0.018%	$12K	$463K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.84	−0.017%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.65	−0.070%	$3.0M	$258K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.68	−0.061%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.74	−0.045%	$10K	$11K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	357.87	−0.008%	$2.0M	$2.1M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.69	−0.059%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0113%	1h	357.70	−0.055%	$552K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.61	−0.081%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0182%	8h	357.93	+0.008%	$695K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.81	−0.025%	$211K	$213K	10x	as long as short
edgeX GOOGLUSDC	+0.0718%	4h	357.82	−0.023%	$208K	$1.2M	10x	as long as short