Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.020%

Price spread now: Lighter RH against KuCoin+0.129%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$266as in the Price arb table

costs, in and out, $10k−$2762.764% of the position

Long on KuCoin Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days−0.050%−$5 · spread now +0.129%, 7d avg +0.026%

Together, before fees−0.064%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter RH is 0.103% dearer against KuCoin than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of +0.026%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.0 days. At the pace of the last 7 days (−0.014% in total) that is about 52 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GOOGLUSDTM	357.31	0.0100	pay 0.0100% / 8h	4h 33m	$3.0M	$91K	20x
Short	Lighter RH GOOGL	357.77	0.0032	get 0.0004% / 1h	33m 24s	$1.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against KuCoin. 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 KuCoinbpFee Lighter RHbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$14.28
Price spread: +0.129% → +0.026%: $10.27
Slippage, 4 orders: −$264.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$280.4
Costs to cover: 2.764%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Lighter RH: live order book, 5 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 KuCoin live order book, 4 min ago	4.34 bp	157.0 bp −$157	doesn't fit	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.26 bp	1.7 bp −$2	4.2 bp −$42	42.4 bp −$4,240	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
Coinbase International GOOGL-PERP-INTX	−0.0048%	1h	357.54	+0.064%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.63	+0.090%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.77	+0.129%	$17.5M	$9.6M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.72	+0.115%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.79	+0.134%	$23K	$435K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	+0.123%	$2K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.49	+0.050%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.87	+0.157%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.146%	$2.7M	$86K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0014%	1h	357.62	+0.087%	$144K	$49K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH GOOGLshort	+0.0032%	1h	357.77	+0.129%	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.053%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	+0.036%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	+0.115%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	+0.098%	$1.3M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.51	+0.056%	$99.0M	$20.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.48	+0.048%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.51	+0.056%	$151	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.40	+0.025%	$2.3M	$4.9M	15x	as long as short
Aster GOOGLUSDT	+0.0059%	8h	357.86	+0.155%	$366K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0079%	8h	357.75	+0.123%	$73.1M	$141.3M	50x	as long as short
Extended GOOGL-USD	+0.0080%	1h	357.65	+0.095%	$426K	$1.8M	20x	as long as short
Nado GOOGL-PERP	+0.0090%	1h	357.48	+0.047%	$558K	$80K	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.47	+0.045%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTMlong	+0.0100%	8h	357.31	long leg	$3.0M	$91K	20x
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.47	+0.045%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.47	+0.045%	$10K	$10K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0104%	1h	357.51	+0.056%	$33K	—	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.60	+0.082%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0105%	8h	357.65	+0.095%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.51	+0.056%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.69	+0.106%	$13.8M	$12.4M	50x	as long as short
edgeX GOOGLUSDC	+0.0179%	4h	357.72	+0.115%	$209K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	+0.0188%	8h	357.83	+0.146%	$12.0M	$7.6M	100x	as long as short
BloFin GOOGL-USDT	+0.0197%	8h	357.74	+0.120%	$695K	$234K	20x	as long as short
Lighter GOOGL	+0.0288%	1h	357.76	+0.126%	$2.0M	$1.3M	20x	as long as short