Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0020%/8hpaid last 24h −0.030%

Price spread now: Lighter RH against Aster+0.048%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Aster Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.048%, 7d avg −0.024%

Together, before fees−0.116%+ Points / potential airdropAster: Stage 5 · Lighter RH: Points live · farm board−$12 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 0.072% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GOOGLUSDT	356.29	0.0012	pay 0.0012% / 8h	4h 21m	$362K	$482K	20x
Short	Lighter RH GOOGL	356.46	0.0032	get 0.0004% / 1h	21m 27s	$1.4M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Aster. 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 AsterbpFee Lighter RHbpOrdersPrice spread, now +0.048%Rate

Funding earned: $4.25
Price spread: +0.048% → −0.024%: $7.18
Slippage, 4 orders: −$26.22
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$22.79
Costs to cover: 0.342%
Break-even: 44.6 days

Slippage from Aster: live order book, 10 min ago; Lighter RH: live order book, 1 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 Aster live order book, 10 min ago	3.09 bp	22.1 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	1.40 bp	2.1 bp −$2	4.3 bp −$43	39.2 bp −$3,920	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
Hotstuff GOOGL-PERP	−0.0016%	1h	356.23	−0.017%	$33K	—	20x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	356.61	+0.090%	$11.3M	$7.1M	100x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.45	+0.045%	$3.6M	$7.2M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	356.68	+0.110%	$4.3M	$2.3M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.54	+0.071%	$23K	$524K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.46	+0.048%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.42	+0.036%	$23K	$149K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.53	+0.067%	$114K	$226K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.53	+0.067%	$2.7M	$60K	10x	as long as short
OKX GOOGL-USDT-SWAP	+0.0011%	8h	356.57	+0.078%	$13.8M	$12.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDTlong	+0.0012%	8h	356.29	long leg	$362K	$482K	20x
Extended GOOGL-USD	+0.0024%	1h	356.35	+0.017%	$418K	$1.6M	20x	as long as short
Binance GOOGLUSDT	+0.0024%	8h	356.60	+0.087%	$73.0M	$136.1M	50x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	356.46	+0.048%	$1.4M	$2.9M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.233%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0035%	1h	356.38	+0.025%	$1.3M	$4.5M	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.68	+0.109%	—	$3K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.46	+0.048%	$98.3M	$25.0M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.34	+0.014%	$691K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.29	0.000%	$214	$43K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.25	−0.011%	$2.2M	$4.7M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0050%	8h	356.42	+0.036%	$292	$253	5x	as long as short
Nado GOOGL-PERP	+0.0056%	1h	356.28	−0.003%	$556K	$78K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0064%	1h	355.22	−0.301%	$518K	$1.0M	10x	as long as short
edgeX GOOGLUSDC	+0.0071%	4h	356.58	+0.081%	$208K	$1.2M	10x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.34	+0.014%	$137K	$48K	20x	as long as short
Bitget GOOGLUSDT	+0.0092%	8h	356.55	+0.073%	$17.1M	$8.6M	100x	as long as short
Aftermath Perps GOOGLUSD	+0.0095%	1h	356.40	+0.032%	$144K	$55K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.39	+0.028%	$44K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.10	−0.054%	$3.0M	$68K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.62	+0.092%	$21K	$9K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.55	+0.073%	$11K	$9K	20x	as long as short
Lighter GOOGL	+0.0104%	1h	356.49	+0.056%	$2.0M	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.37	+0.021%	$25K	—	10x	as long as short
BloFin GOOGL-USDT	+0.0105%	8h	356.51	+0.062%	$700K	$221K	20x	as long as short
Arcus GOOGL-USD	+0.0316%	1h	356.33	+0.011%	$202K	$302K	10x	as long as short