Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX−0.061%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.205% of the position

Long on HTX 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 4 days (all we have)−0.112%−$11 · spread now −0.061%, 7d avg −0.049%

Together, before fees−0.047%+ Points / potential airdropLighter RH: Points live · farm board−$5 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: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GOOGL-USDT	359.07	0	get 0.0000% / 8h	6h 15m	$115K	$210K	30x
Short	Lighter RH GOOGL	358.85	0.0032	get 0.0004% / 1h	15m 19s	$1.3M	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. 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 HTXbpFee Lighter RHbpOrdersPrice spread, now −0.061%Rate

Funding earned: $6.72
Price spread: −0.061% → −0.049%: −$1.24
Slippage, 4 orders: −$8.54
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$15.07
Costs to cover: 0.205%
Break-even: 22.7 days

Slippage from HTX: live order book, 34 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 HTX live order book, 34 min ago	2.79 bp	8.8 bp −$9	12.7 bp −$127	doesn't fit	doesn't fit
Sell Lighter RH live order book, 1 min ago	0.98 bp	1.2 bp −$1	3.4 bp −$34	46.2 bp −$4,624	doesn't fit

GOOGL on 36 exchanges

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
Coinbase International GOOGL-PERP-INTX	−0.0056%	1h	358.00	−0.298%	$516K	$1.1M	10x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	358.96	−0.031%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	358.73	−0.095%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	358.97	−0.028%	$17.5M	$9.4M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	358.86	−0.059%	$5.0M	$2.4M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	358.91	−0.045%	$2K	$3.7M	20x	as long as short
HTX GOOGL-USDTlong	0.0000%	8h	359.07	long leg	$115K	$210K	30x
Phemex GOOGLUSDT	0.0000%	4h	359.01	−0.017%	$2.7M	$106K	10x	as long as short
Bybit GOOGLUSDT	+0.0007%	8h	358.89	−0.050%	$11.5M	$7.5M	100x	as long as short
Hotstuff GOOGL-PERP	+0.0008%	1h	358.65	−0.117%	$33K	—	20x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0030%	1h	358.69	−0.105%	$145K	$43K	10x	as long as short
Lighter RH GOOGLshort	+0.0032%	1h	358.85	−0.061%	$1.3M	$1.9M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.543%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	358.93	−0.039%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	358.80	−0.075%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.64	−0.120%	$98.3M	$21.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	358.75	−0.089%	$687K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.67	−0.111%	$110	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.47	−0.167%	$2.3M	$3.9M	15x	as long as short
Aster GOOGLUSDT	+0.0052%	8h	358.57	−0.140%	$368K	$420K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0057%	1h	358.69	−0.106%	$25K	$148K	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	358.80	−0.075%	$294	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	358.82	−0.069%	$424K	$2.4M	20x	as long as short
Binance GOOGLUSDT	+0.0072%	8h	358.95	−0.033%	$73.3M	$141.4M	50x	as long as short
Nado GOOGL-PERP	+0.0078%	1h	358.64	−0.119%	$552K	$81K	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.67	−0.111%	$211K	$279K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	358.84	−0.064%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.51	−0.156%	$3.0M	$223K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.53	−0.150%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	358.82	−0.070%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	358.77	−0.084%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.69	−0.106%	$138K	$36K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0159%	8h	358.90	−0.047%	$23K	$447K	10x	as long as short
BloFin GOOGL-USDT	+0.0187%	8h	358.91	−0.045%	$688K	$240K	20x	as long as short
Lighter GOOGL	+0.0192%	1h	358.85	−0.061%	$2.0M	$2.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0626%	4h	358.85	−0.062%	$209K	$1.2M	10x	as long as short