Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.080%

Price spread now: BloFin against Lighter RH0.000%91s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs+$13as 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−$160.161% of the position

Long on Lighter RH Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now 0.000%, 7d avg +0.020%

Together, before fees+0.437%+ Points / potential airdropLighter RH: Points live · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.020% cheaper against Lighter RH than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.020%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$5 a day). The two prices were read 91 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 RH GOOGL	357.75	0.0032	pay 0.0004% / 1h	7m 44s	$1.3M	$2.1M	20x
Short	BloFin GOOGL-USDT	357.75	0.0214	get 0.0214% / 8h	4h 07m	$695K	$234K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $38.21
Price spread: 0.000% → +0.020%: −$2.02
Slippage, 4 orders: −$4.07
Fee Lighter RH: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $20.12
Costs to cover: 0.161%
Break-even: 3.3 days

Slippage from Lighter RH: live order book, 5 min ago; BloFin: live order book, 29 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, 5 min ago	1.26 bp	1.5 bp −$1	3.5 bp −$35	46.4 bp −$4,641	doesn't fit
Sell BloFin live order book, 29 min ago	0.14 bp	6.4 bp −$6	7.8 bp −$78	16.1 bp −$1,607	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	−0.059%	$526K	$1.1M	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.62	−0.036%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.79	+0.011%	$17.4M	$9.6M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.75	0.000%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.90	+0.042%	$115K	$221K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.83	+0.022%	$2.7M	$86K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0001%	8h	357.72	−0.008%	$23K	$432K	10x	as long as short
Deribit GOOGL_USDC-PERPETUAL	+0.0002%	1h	357.48	−0.075%	$24K	$155K	10x	as long as short
Variational Omni GOOGL	+0.0009%	8h	357.68	−0.020%	$4.8M	$2.3M	—	as long as short
Aftermath Perps GOOGLUSD	+0.0021%	1h	357.63	−0.034%	$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 GOOGLlong	+0.0032%	1h	357.75	long leg	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.176%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.44	−0.087%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.66	−0.025%	—	$5K	25x	as long as short
Hotstuff GOOGL-PERP	+0.0048%	1h	357.55	−0.056%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0050%	1h	357.66	−0.025%	$1.3M	$4.2M	10x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.46	−0.081%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.53	−0.061%	$143	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.36	−0.109%	$2.3M	$4.9M	15x	as long as short
tradeXYZ xyz:GOOGL	+0.0052%	1h	357.52	−0.064%	$99.1M	$20.5M	20x	as long as short
Aster GOOGLUSDT	+0.0075%	8h	357.89	+0.040%	$366K	$426K	20x	as long as short
Nado GOOGL-PERP	+0.0079%	1h	357.48	−0.076%	$558K	$80K	20x	as long as short
Binance GOOGLUSDT	+0.0095%	8h	357.77	+0.005%	$73.0M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0096%	1h	357.66	−0.024%	$423K	$1.8M	20x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.71	−0.012%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.29	−0.129%	$3.0M	$91K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.43	−0.089%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.61	−0.039%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.58	−0.046%	$25K	—	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0108%	8h	357.62	−0.035%	$293	$253	5x	as long as short
Phoenix GOOGL	+0.0112%	1h	357.60	−0.042%	$138K	$36K	20x	as long as short
OKX GOOGL-USDT-SWAP	+0.0113%	8h	357.73	−0.006%	$13.8M	$12.4M	50x	as long as short
BloFin GOOGL-USDTshort	+0.0214%	8h	357.75	0.000%	$695K	$234K	20x
Bybit GOOGLUSDT	+0.0222%	8h	357.81	+0.017%	$12.0M	$7.5M	100x	as long as short
Lighter GOOGL	+0.0280%	1h	357.75	0.000%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDC	+0.0953%	4h	357.68	−0.020%	$209K	$1.2M	10x	as long as short