Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0052%/8h= +5.6% APRpaid last 24h +0.023%

Price spread now: Binance against Lighter RH+0.027%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days+0.003%$0 · spread now +0.027%, 7d avg +0.043%

Together, before fees+0.050%+ 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 +0.043%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	359.14	0.0032	pay 0.0004% / 1h	9m 36s	$1.3M	$1.9M	20x
Short	Binance GOOGLUSDT	359.24	0.0084	get 0.0084% / 8h	6h 09m	$73.2M	$141.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.027%Rate

Funding earned: $10.83
Price spread: +0.027% → +0.043%: −$1.53
Slippage, 4 orders: −$3.95
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.65
Costs to cover: 0.140%
Break-even: 10.0 days

Slippage from Lighter RH: live order book, 1 min ago; Binance: live order book, 12 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 RH live order book, 1 min ago	1.25 bp	1.5 bp −$2	5.8 bp −$58	48.1 bp −$4,808	doesn't fit
Sell Binance live order book, 12 min ago	0.14 bp	5.2 bp −$5	7.9 bp −$79	24.1 bp −$2,414	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	−0.317%	$516K	$1.1M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	359.19	+0.014%	$11.5M	$7.5M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	359.22	+0.022%	$13.5M	$13.5M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	359.06	−0.022%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	359.28	+0.039%	$17.5M	$9.4M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	359.21	+0.019%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	358.98	−0.045%	$25K	$148K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	359.37	+0.064%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	359.26	+0.033%	$2.7M	$106K	10x	as long as short
Variational Omni GOOGL	+0.0009%	8h	359.20	+0.018%	$5.0M	$2.4M	—	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	+0.0029%	1h	358.75	−0.107%	$145K	$43K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	359.14	long leg	$1.3M	$1.9M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.562%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	359.22	+0.022%	—	$5K	25x	as long as short
QFEX GOOGL-USD	+0.0048%	1h	359.16	+0.006%	$1.3M	$4.1M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	358.96	−0.050%	$98.4M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	359.04	−0.028%	$688K	$413K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	358.93	−0.058%	$111	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	358.71	−0.120%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0061%	8h	359.08	−0.016%	$294	$253	5x	as long as short
Aster GOOGLUSDT	+0.0064%	8h	358.96	−0.052%	$368K	$420K	20x	as long as short
Nado GOOGL-PERP	+0.0074%	1h	358.95	−0.053%	$553K	$81K	20x	as long as short
Extended GOOGL-USD	+0.0080%	1h	359.12	−0.005%	$426K	$2.4M	20x	as long as short
Arcus GOOGL-USD	+0.0081%	1h	358.98	−0.045%	$211K	$279K	10x	as long as short
Binance GOOGLUSDTshort	+0.0084%	8h	359.24	+0.027%	$73.2M	$141.7M	50x
Pacifica GOOGL	+0.0100%	1h	359.14	+0.001%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	358.89	−0.070%	$3.0M	$228K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	358.93	−0.058%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	359.11	−0.008%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	359.07	−0.019%	$25K	—	10x	as long as short
Phoenix GOOGL	+0.0134%	1h	358.76	−0.106%	$138K	$36K	20x	as long as short
Hotstuff GOOGL-PERP	+0.0144%	1h	358.93	−0.058%	$33K	—	20x	as long as short
Lighter GOOGL	+0.0184%	1h	359.15	+0.003%	$2.0M	$2.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0201%	8h	359.21	+0.019%	$689K	$241K	20x	as long as short
GRVT GOOGL_USDT_Perp	+0.0203%	8h	359.25	+0.031%	$23K	$446K	10x	as long as short
edgeX GOOGLUSDC	+0.0966%	4h	359.19	+0.013%	$210K	$1.2M	10x	as long as short