Spread before costs (cost unknown: a leg has no order-book sample)+0.064%
7d average—if it closes, per $10,000$6funding while held, a day+$3.36
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hotstuff GOOGL-PERP | 357.26 | 0.0024 | pay 0.0003% / 1h | 24m 33s | $33K | — | 20x |
| Short | Lighter GOOGL | 357.49 | 0.0136 | get 0.0017% / 1h | 24m 33s | $2.1M | $892K | 20x |
Hotstuff GOOGL-PERP
Lighter GOOGLPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $6.44
- Funding while held
- $3.36
- Slippage, 4 orders
- no order book: not counted
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $4.8
- Spread needed to break even
- 0.050%
Slippage unknown: Hotstuff: no order-book sample; Lighter: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0112%
- Per $10,000 a day
- +$3.36
- Average in range /8h
- —
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 Hotstuff no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 0.98 bp | 1.3 bp −$1 | 5.8 bp −$58 | 35.2 bp −$3,522 | doesn't fit |
Hotstuff: 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 price on every exchange
against the cheapest. Click to use as the short leg.edgeX356.22cheapestPhoenix356.30+0.022%Aftermath Perps356.58+0.100%Ondo Perps356.83+0.171%Variational Omni356.88+0.184%ApeX Omni356.88+0.185%Injective357.12+0.252%KuCoin357.18+0.269%Aster357.21+0.276%Coinbase International357.21+0.277%Polymarket Perps357.23+0.283%Pacifica357.25+0.289%
Phoenix
Ondo Perps
Variational Omni
ApeX Omni
Injective
KuCoin
Aster
Coinbase International
Polymarket Perps
PacificaHotstuff357.26+0.291%
SoDEX357.27+0.294%Deribit357.28+0.297%Arcus357.29+0.300%Gate357.31+0.305%tradeXYZ357.33+0.311%Extended357.35+0.317%QFEX357.39+0.328%Nado357.41+0.333%Aevo357.41+0.335%Orderly357.42+0.336%Bybit357.43+0.339%Vest357.43+0.339%BloFin357.43+0.339%Paradex357.44+0.341%OKX357.45+0.345%Binance357.46+0.346%Bitget357.47+0.350%
SoDEX
Deribit
Arcus
Gate
tradeXYZ
Extended
QFEX
Nado
Aevo
Orderly
Bybit
Vest
BloFin
Paradex
OKX
Binance
BitgetLighter357.49+0.356%
SunX357.51+0.362%Lighter RH357.52+0.364%Phemex357.56+0.376%HTX357.67+0.406%
SunX
Lighter RH
Phemex
HTXGOOGL on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX GOOGLUSDC | −0.291% | +0.0917% | 4h | $210K | $806K | 10x | as long as short |
| Phoenix GOOGL | −0.269% | +0.0158% | 1h | $137K | $48K | 20x | as long as short |
| Aftermath Perps GOOGLUSD | −0.191% | +0.0153% | 1h | $144K | $56K | 10x | as long as short |
| Ondo Perps GOOGL-USD.P | −0.120% | +0.0050% | 1h | $2.5M | $3.5M | 15x | as long as short |
| Variational Omni GOOGL | −0.107% | +0.0192% | 8h | $4.5M | $2.1M | — | as long as short |
| ApeX Omni GOOGLUSDT | −0.106% | +0.0100% | 1h | $21K | $26K | 50x | as long as short |
| Injective GOOGL/USDC PERP | −0.039% | +0.0220% | 1h | $128K | $161K | 30x | as long as short |
| KuCoin GOOGLUSDTM | −0.022% | +0.0100% | 8h | $3.0M | $56K | 20x | as long as short |
| Aster GOOGLUSDT | −0.015% | +0.0253% | 8h | $369K | $528K | 20x | as long as short |
| Coinbase International GOOGL-PERP-INTX | −0.014% | +0.0096% | 1h | $544K | $862K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps GOOG-USD | −0.008% | +0.0050% | 1h | $665K | $401K | 10x | as long as short |
| Pacifica GOOGL | −0.002% | +0.0100% | 1h | $46K | $41K | 10x | as long as short |
| Hotstuff GOOGL-PERPlong | 0.000% | +0.0024% | 1h | $33K | — | 20x | |
| SoDEX GOOGL-USD | +0.003% | +0.0050% | 1h | $199 | $31K | 10x | as long as short |
| Deribit GOOGL_USDC-PERPETUAL | +0.006% | 0.0000% | 1h | $23K | $133K | 10x | as long as short |
| Arcus GOOGL-USD | +0.008% | +0.0164% | 1h | $204K | $263K | 10x | as long as short |
| Gate GOOGL_USDT | +0.014% | 0.0000% | 8h | $3.6M | $5.0M | 100x | as long as short |
| tradeXYZ xyz:GOOGL | +0.020% | +0.0050% | 1h | $99.5M | $20.1M | 20x | as long as short |
| Extended GOOGL-USD | +0.026% | +0.0240% | 1h | $429K | $1.7M | 20x | as long as short |
| QFEX GOOGL-USD | +0.036% | +0.0049% | 1h | $1.3M | $2.7M | 10x | as long as short |
| Nado GOOGL-PERP | +0.041% | +0.0044% | 1h | $584K | $54K | 20x | as long as short |
| Aevo GOOGL-PERP | +0.043% | +0.0104% | 1h | $25K | — | 10x | as long as short |
| Orderly PERP_GOOGL_USDC | +0.045% | +0.0100% | 8h | $11K | $12K | 20x | as long as short |
| Bybit GOOGLUSDT | +0.048% | +0.0288% | 8h | $11.5M | $6.0M | 100x | as long as short |
| Vest GOOGL-USD-PERP | +0.048% | +0.0046% | 1h | — | $3K | 25x | as long as short |
| BloFin GOOGL-USDT | +0.048% | +0.0360% | 8h | $709K | $134K | 20x | as long as short |
| Paradex GOOGL-USD-PERP | +0.050% | +0.0077% | 8h | $293 | $253 | 5x | as long as short |
| OKX GOOGL-USDT-SWAP | +0.053% | +0.0231% | 8h | $13.7M | $9.7M | 50x | as long as short |
| Binance GOOGLUSDT | +0.055% | +0.0240% | 8h | $79.0M | $88.0M | 50x | as long as short |
| Bitget GOOGLUSDT | +0.059% | +0.0159% | 8h | $17.4M | $7.3M | 100x | as long as short |
| Lighter GOOGLshort | +0.064% | +0.0136% | 1h | $2.1M | $892K | 20x | |
| SunX GOOGL-USDT | +0.070% | 0.0000% | 8h | $1K | $3.4M | 20x | as long as short |
| Lighter RH GOOGL | +0.073% | +0.0032% | 1h | $1.3M | $2.6M | 20x | as long as short |
| Phemex GOOGLUSDT | +0.084% | 0.0000% | 4h | $2.7M | $38K | 10x | as long as short |
| HTX GOOGL-USDT | +0.115% | 0.0000% | 8h | $118K | $219K | 30x | as long as short |