Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0022%/8h= +2.4% APRpaid last 24h −0.001%

Price spread now: Binance against Lighter+0.011%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 2 days (all we have)−0.035%−$4 · spread now +0.011%, 7d avg −0.004%

Together, before fees−0.149%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.59	0.0112	pay 0.0014% / 1h	47m 07s	$2.1M	$1.1M	20x
Short	Binance GOOGLUSDT	356.63	0.0134	get 0.0134% / 8h	7h 47m	$73.1M	$142.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now +0.011%Rate

Funding earned: $4.55
Price spread: +0.011% → −0.004%: $1.51
Slippage, 4 orders: −$2.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.69
Costs to cover: 0.128%
Break-even: 17.3 days

Slippage from Lighter: live order book, 5 min ago; Binance: live order book, 11 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 Lighter live order book, 5 min ago	0.98 bp	1.1 bp −$1	3.5 bp −$35	92.2 bp −$9,225	doesn't fit
Sell Binance live order book, 11 min ago	0.14 bp	5.2 bp −$5	8.0 bp −$80	31.0 bp −$3,105	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	356.55	−0.011%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.68	+0.025%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.37	−0.062%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.77	+0.050%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.64	+0.014%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0017%	1h	356.41	−0.050%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	+0.028%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDC	+0.0028%	4h	356.60	+0.003%	$210K	$1.2M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.67	+0.022%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	−0.070%	$529K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.149%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.67	+0.022%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	356.38	−0.059%	$33K	—	20x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.40	−0.053%	$98.2M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.44	−0.042%	$683K	$437K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.39	−0.056%	$173	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.16	−0.121%	$2.3M	$4.9M	15x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.56	−0.008%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.63	+0.011%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0081%	1h	356.44	−0.041%	$560K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0094%	8h	356.59	−0.001%	$292	$253	5x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.54	−0.014%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.16	−0.121%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.46	−0.036%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.53	−0.017%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.54	−0.015%	$25K	—	10x	as long as short
Lighter GOOGLlong	+0.0112%	1h	356.59	long leg	$2.1M	$1.1M	20x
Aster GOOGLUSDT	+0.0113%	8h	356.74	+0.041%	$365K	$457K	20x	as long as short
Binance GOOGLUSDTshort	+0.0134%	8h	356.63	+0.011%	$73.1M	$142.4M	50x
Extended GOOGL-USD	+0.0136%	1h	356.60	+0.004%	$428K	$1.7M	20x	as long as short
Bitget GOOGLUSDT	+0.0142%	8h	356.58	−0.003%	$16.9M	$9.2M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.33	−0.073%	$137K	$48K	20x	as long as short
Bybit GOOGLUSDT	+0.0189%	8h	356.71	+0.034%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0199%	8h	356.67	+0.022%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0254%	8h	356.70	+0.031%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.42	−0.048%	$202K	$271K	10x	as long as short