GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0034%/8h= +3.7% APRnext payment +$0.04 per $10,000 · paid last 24h −0.014%

Price spread now: Phoenix against Lighter−0.048%74s7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.178% of the position

Long on Lighter Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.048%, 7d avg −0.052%

Together, before fees−0.115%+ Points / potential airdropLighter: Season 3 · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.052%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GOOGL	356.79	0.0056	pay 0.0007% / 1h	35m 53s	$2.1M	$1.2M	20x
Short	Phoenix GOOGL	356.62	0.0090	get 0.0011% / 1h	35m 53s	$137K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.048%Rate

Funding earned: $7.1
Price spread: −0.048% → −0.052%: $0.42
Slippage, 4 orders: −$10.81
Fee Lighter: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$10.29
Costs to cover: 0.178%
Break-even: 17.1 days

Slippage from Lighter: live order book, 6 min ago; Phoenix: live order book, 25 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, 6 min ago	0.28 bp	0.5 bp −$1	2.4 bp −$24	doesn't fit	doesn't fit
Sell Phoenix live order book, 25 min ago	2.53 bp	8.4 bp −$8	17.3 bp −$173	doesn't fit	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	−0.0024%	1h	356.40	−0.109%	$529K	$1.1M	10x	as long as short
Hotstuff GOOGL-PERP	0.0000%	1h	356.64	−0.042%	$33K	—	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.76	−0.008%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.80	+0.003%	$16.9M	$9.3M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	−0.017%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	−0.006%	$1K	$4.1M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.52	−0.076%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.92	+0.036%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.80	+0.003%	$2.7M	$67K	10x	as long as short
Nado GOOGL-PERP	0.0000%	1h	356.59	−0.056%	$556K	$80K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.47	−0.090%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	−0.014%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.83	+0.011%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.092%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.66	−0.036%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.49	−0.084%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.85	+0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.72	−0.020%	$98.6M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.48	−0.087%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.69	−0.028%	$155	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.47	−0.090%	$2.3M	$4.9M	15x	as long as short
Lighter GOOGLlong	+0.0056%	1h	356.79	long leg	$2.1M	$1.2M	20x
edgeX GOOGLUSDC	+0.0061%	4h	356.68	−0.032%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0063%	8h	356.76	−0.007%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0072%	8h	356.73	−0.018%	$365K	$458K	20x	as long as short
Phoenix GOOGLshort	+0.0090%	1h	356.62	−0.048%	$137K	$36K	20x
Binance GOOGLUSDT	+0.0093%	8h	356.80	+0.003%	$72.7M	$141.5M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	356.70	−0.025%	$421K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.52	−0.077%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.39	−0.112%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.58	−0.059%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.65	−0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.61	−0.051%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0122%	8h	356.99	+0.056%	$11.6M	$7.4M	100x	as long as short
OKX GOOGL-USDT-SWAP	+0.0182%	8h	356.93	+0.039%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.090%	$651K	$234K	20x	as long as short