Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0070%/8h= +7.6% APRpaid last 24h +0.026%

Price spread now: Lighter against Paradex+0.009%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GOOGL-USD-PERP	357.49	0.0050	pay 0.0050% / 8h	3m 55s	$293	$253	5x
Short	Lighter GOOGL	357.52	0.0120	get 0.0015% / 1h	3m 55s	$2.0M	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.009%Rate

Funding earned: $14.6
Price spread: +0.009% → 0.000%: $0.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $11.53
Costs to cover: 0.040%
Break-even: 1.5 days

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 3 min ago	0.56 bp	0.7 bp −$1	3.7 bp −$37	62.0 bp −$6,203	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	357.09	−0.111%	$512K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0009%	1h	357.36	−0.036%	$550K	$88K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.63	+0.040%	$13.6M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.50	+0.004%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.73	+0.068%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.58	+0.025%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.58	+0.026%	$23K	$449K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.61	+0.034%	$1K	$4.0M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.35	−0.038%	$24K	$157K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.75	+0.074%	$115K	$210K	30x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.70	+0.060%	$2.7M	$88K	10x	as long as short
Aster GOOGLUSDT	+0.0003%	8h	357.71	+0.062%	$366K	$422K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0024%	1h	357.66	+0.048%	$144K	$44K	10x	as long as short
Extended GOOGL-USD	+0.0024%	1h	357.53	+0.013%	$427K	$2.5M	20x	as long as short
Binance GOOGLUSDT	+0.0026%	8h	357.60	+0.032%	$72.1M	$143.2M	50x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.44	−0.013%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.103%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	357.54	+0.015%	$1.3M	$4.2M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.027%	$208K	$279K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0042%	8h	357.19	−0.083%	$3.0M	$114K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.69	+0.057%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.42	−0.019%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.40	−0.024%	$98.2M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.33	−0.044%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.38	−0.030%	$134	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.33	−0.044%	$2.3M	$4.6M	15x	as long as short
Paradex GOOGL-USD-PERPlong	+0.0050%	8h	357.49	long leg	$293	$253	5x
Bybit GOOGLUSDT	+0.0075%	8h	357.59	+0.029%	$11.5M	$7.8M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.30	−0.051%	$42K	$26K	10x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.32	−0.047%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.35	−0.038%	$10K	$11K	20x	as long as short
BloFin GOOGL-USDT	+0.0102%	8h	357.60	+0.032%	$688K	$236K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.45	−0.010%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.39	−0.027%	$137K	$36K	20x	as long as short
Lighter GOOGLshort	+0.0120%	1h	357.52	+0.009%	$2.0M	$1.4M	20x
edgeX GOOGLUSDC	+0.0623%	4h	357.57	+0.023%	$209K	$1.2M	10x	as long as short