Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against SunX+0.003%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1021.025% of the position

Long on SunX Short on Lighter RH

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.003%, 7d avg −0.019%

Together, before fees+0.005%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.022% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GOOGL-USDT	357.75	0	get 0.0000% / 8h	5h 50m	$1K	$4.1M	20x
Short	Lighter RH GOOGL	357.76	0.0032	get 0.0004% / 1h	50m 05s	$1.3M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against SunX. 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 SunXbpFee Lighter RHbpOrdersPrice spread, now +0.003%Rate

Funding earned: $6.72
Price spread: +0.003% → −0.019%: $2.22
Slippage, 4 orders: −$94.47
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$93.54
Costs to cover: 1.025%
Break-even: 104.4 days

Slippage from SunX: live order book, 8 min ago; Lighter RH: 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 SunX live order book, 8 min ago	44.89 bp	49.4 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 3 min ago	1.54 bp	1.7 bp −$2	4.0 bp −$40	42.4 bp −$4,242	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	−0.0170%	1h	357.39	−0.101%	$23K	$154K	10x	as long as short
Nado GOOGL-PERP	−0.0068%	1h	357.53	−0.060%	$558K	$80K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0064%	1h	357.29	−0.129%	$523K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	357.47	−0.078%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.61	−0.039%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.62	−0.038%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.60	−0.042%	$23K	$437K	10x	as long as short
SunX GOOGL-USDTlong	0.0000%	8h	357.75	long leg	$1K	$4.1M	20x
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.034%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.78	+0.008%	$2.7M	$75K	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	+0.0005%	1h	357.39	−0.100%	$144K	$50K	10x	as long as short
Bybit GOOGLUSDT	+0.0027%	8h	357.81	+0.017%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.60	−0.042%	$1.3M	$4.4M	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.76	+0.003%	$1.3M	$2.3M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.176%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0038%	8h	357.63	−0.034%	$366K	$458K	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.39	−0.101%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.81	+0.017%	—	$5K	25x	as long as short
Bitget GOOGLUSDT	+0.0048%	8h	357.73	−0.006%	$17.0M	$9.3M	100x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.55	−0.056%	$99.0M	$22.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	−0.103%	$685K	$431K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.54	−0.059%	$147	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.31	−0.123%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0054%	8h	357.65	−0.029%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.61	−0.040%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0057%	8h	357.70	−0.014%	$72.9M	$141.5M	50x	as long as short
Lighter GOOGL	+0.0088%	1h	357.78	+0.008%	$2.1M	$1.2M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.39	−0.100%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.20	−0.154%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.46	−0.081%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.57	−0.050%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.55	−0.055%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.47	−0.078%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0137%	8h	357.68	−0.020%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0644%	4h	357.54	−0.058%	$209K	$1.2M	10x	as long as short