Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0172%/8h= −18.8% APRpaid last 24h −0.028%

Price spread now: Paradex against Lighter−0.034%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.034% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	357.77	0.0280	pay 0.0035% / 1h	9m 18s	$2.0M	$1.3M	20x
Short	Paradex GOOGL-USD-PERP	357.65	0.0108	get 0.0108% / 8h	4h 09m	$293	$253	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$36.13
Price spread: −0.034% → 0.000%: −$3.35
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$43.49
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; Paradex: no order-book sample. Net counts fees only.

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, 2 min ago	0.14 bp	0.3 bp $0	2.1 bp −$21	83.4 bp −$8,342	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 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	−0.039%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.006%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	−0.006%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.53	−0.067%	$24K	$155K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.89	+0.034%	$115K	$220K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.017%	$2.7M	$86K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0001%	8h	357.72	−0.014%	$23K	$432K	10x	as long as short
Variational Omni GOOGL	+0.0009%	8h	357.68	−0.025%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.63	−0.039%	$144K	$48K	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 GOOGL	+0.0032%	1h	357.77	0.000%	$1.3M	$2.1M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.182%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.092%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.72	−0.014%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.55	−0.061%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.031%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.52	−0.070%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.55	−0.061%	$143	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.34	−0.120%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0051%	1h	357.55	−0.061%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0074%	8h	357.93	+0.044%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	357.49	−0.078%	$558K	$80K	20x	as long as short
Binance GOOGLUSDT	+0.0094%	8h	357.77	0.000%	$73.0M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.66	−0.031%	$423K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.46	−0.087%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.33	−0.123%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.43	−0.095%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.66	−0.031%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.62	−0.042%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERPshort	+0.0108%	8h	357.65	−0.034%	$293	$253	5x
Phoenix GOOGL	+0.0112%	1h	357.60	−0.048%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.74	−0.008%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDT	+0.0212%	8h	357.75	−0.006%	$694K	$234K	20x	as long as short
Bybit GOOGLUSDT	+0.0219%	8h	357.85	+0.022%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGLlong	+0.0280%	1h	357.77	long leg	$2.0M	$1.3M	20x
edgeX GOOGLUSDC	+0.0953%	4h	357.68	−0.025%	$209K	$1.2M	10x	as long as short