Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h −0.026%

Price spread now: Lighter RH against Variational Omni+0.008%7-day average −0.033% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.008%, 7d avg −0.033%

Together, before fees−0.010%+ Points / potential airdropVariational Omni: Active · Lighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.041% dearer against Variational Omni than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GOOGL	356.41	0.0027	pay 0.0027% / 8h	6h 57m	$4.8M	$2.3M	—
Short	Lighter RH GOOGL	356.44	0.0032	get 0.0004% / 1h	57m 13s	$1.4M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Variational Omni. 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 Variational OmnibpFee Lighter RHbpOrdersPrice spread, now +0.008%Rate

Funding earned: $1.11
Price spread: +0.008% → −0.033%: $4.12
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $5.23
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Lighter RH: live order book, 1 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 Variational Omni RFQ quote, 2 min ago	2.62 bp	doesn't fit	8.1 bp −$81	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	0.56 bp	1.0 bp −$1	3.3 bp −$33	48.2 bp −$4,819	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
Deribit GOOGL_USDC-PERPETUAL	−0.0115%	1h	356.07	−0.096%	$23K	$153K	10x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.22	−0.054%	$528K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0006%	1h	356.25	−0.046%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.34	−0.020%	$3.6M	$7.5M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.45	+0.011%	$23K	$452K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.39	−0.006%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.57	+0.044%	$114K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.55	+0.039%	$2.7M	$67K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0010%	1h	356.18	−0.064%	$144K	$52K	10x	as long as short
Bitget GOOGLUSDT	+0.0016%	8h	356.44	+0.008%	$16.9M	$9.3M	100x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGLlong	+0.0027%	8h	356.41	long leg	$4.8M	$2.3M	—
Lighter GOOGL	+0.0032%	1h	356.35	−0.018%	$2.1M	$1.1M	20x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	356.44	+0.008%	$1.4M	$2.3M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.198%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.33	−0.023%	$1.3M	$4.6M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.22	−0.054%	$202K	$271K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.45	+0.010%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.19	−0.062%	$98.3M	$22.1M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.18	−0.065%	$683K	$441K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.19	−0.062%	$162	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.22	−0.054%	$2.2M	$4.8M	15x	as long as short
Bybit GOOGLUSDT	+0.0060%	8h	356.43	+0.005%	$11.5M	$7.5M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0064%	1h	356.19	−0.062%	$33K	—	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0065%	8h	356.38	−0.010%	$292	$253	5x	as long as short
Aster GOOGLUSDT	+0.0077%	8h	356.54	+0.036%	$364K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.32	−0.026%	$421K	$1.8M	20x	as long as short
Binance GOOGLUSDT	+0.0099%	8h	356.40	−0.003%	$72.7M	$142.1M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.38	−0.010%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.088%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.25	−0.046%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.22	−0.054%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.26	−0.044%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.30	−0.032%	$137K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0178%	8h	356.50	+0.025%	$13.8M	$12.7M	50x	as long as short
BloFin GOOGL-USDT	+0.0219%	8h	356.40	−0.004%	$646K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0774%	4h	356.43	+0.006%	$209K	$1.2M	10x	as long as short