Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0206%/8h= −22.5% APRpaid last 24h −0.047%

Price spread now: Lighter RH against Bybit−0.036%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Bybit Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 7 days+0.027%+$3 · spread now −0.036%, 7d avg −0.049%

Together, before fees−0.027%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GOOGLUSDT	357.72	0.0238	pay 0.0238% / 8h	3h 03m	$12.0M	$7.5M	100x
Short	Lighter RH GOOGL	357.59	0.0032	get 0.0004% / 1h	3m 25s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bybit. 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 BybitbpFee Lighter RHbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$43.2
Price spread: −0.036% → −0.049%: $1.23
Slippage, 4 orders: −$9.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$62.93
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Lighter RH: live order book, 4 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 Bybit live order book, 5 min ago	0.14 bp	7.9 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.54 bp	1.8 bp −$2	4.1 bp −$41	42.2 bp −$4,222	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
Gate GOOGL_USDT	0.0000%	8h	357.45	−0.075%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.64	−0.022%	$17.5M	$9.7M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.62	−0.028%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.40	−0.089%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.76	+0.011%	$115K	$216K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.68	−0.011%	$2.7M	$87K	10x	as long as short
Nado GOOGL-PERP	+0.0006%	1h	357.43	−0.080%	$558K	$86K	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	357.67	−0.014%	$522K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0022%	1h	357.52	−0.056%	$144K	$47K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0023%	8h	357.66	−0.017%	$24K	$442K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GOOGL	+0.0029%	8h	357.57	−0.041%	$4.8M	$2.4M	—	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	357.59	−0.036%	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.168%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.36	−0.101%	$207K	$279K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.68	−0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.42	−0.084%	$99.2M	$20.7M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.38	−0.095%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.41	−0.087%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.18	−0.151%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	357.52	−0.056%	$1.3M	$4.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0064%	8h	357.57	−0.043%	$293	$253	5x	as long as short
OKX GOOGL-USDT-SWAP	+0.0066%	8h	357.59	−0.036%	$13.7M	$12.5M	50x	as long as short
Aster GOOGLUSDT	+0.0081%	8h	357.53	−0.053%	$366K	$426K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.40	−0.089%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.48	−0.067%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.44	−0.078%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.49	−0.064%	$10K	$11K	20x	as long as short
Binance GOOGLUSDT	+0.0101%	8h	357.61	−0.031%	$72.3M	$142.9M	50x	as long as short
Extended GOOGL-USD	+0.0104%	1h	357.52	−0.057%	$419K	$1.2M	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.49	−0.064%	$25K	—	10x	as long as short
edgeX GOOGLUSDC	+0.0117%	4h	357.55	−0.048%	$208K	$1.2M	10x	as long as short
Hotstuff GOOGL-PERP	+0.0152%	1h	357.41	−0.087%	$33K	—	20x	as long as short
Phoenix GOOGL	+0.0179%	1h	357.50	−0.062%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	357.62	−0.028%	$2.0M	$1.3M	20x	as long as short
BloFin GOOGL-USDT	+0.0223%	8h	357.67	−0.014%	$693K	$235K	20x	as long as short
Bybit GOOGLUSDTlong	+0.0238%	8h	357.72	long leg	$12.0M	$7.5M	100x