Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0921%/8h= +100.8% APRpaid last 24h +0.225%

Price spread now: edgeX against Lighter RH−0.025%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Lighter RH Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.025%, 7d avg +0.004%

Together, before fees+0.050%+ Points / potential airdropLighter RH: Points live · edgeX: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.029% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.004%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.032% in total) that is about 6.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH GOOGL	357.77	0.0032	pay 0.0004% / 1h	9m 20s	$1.3M	$2.1M	20x
Short	edgeX GOOGLUSDC	357.68	0.0953	get 0.0476% / 4h	9m 20s	$209K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $193.34
Price spread: −0.025% → +0.004%: −$2.91
Slippage, 4 orders: −$10.29
Fee Lighter RH: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $171.14
Costs to cover: 0.193%
Break-even: 0.8 days

Slippage from Lighter RH: live order book, 4 min ago; edgeX: live order book, 5 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, 4 min ago	1.26 bp	1.5 bp −$1	3.5 bp −$35	46.4 bp −$4,641	doesn't fit
Sell edgeX live order book, 5 min ago	3.21 bp	8.0 bp −$8	11.3 bp −$113	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	−0.0048%	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 GOOGLlong	+0.0032%	1h	357.77	long leg	$1.3M	$2.1M	20x
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-PERP	+0.0108%	8h	357.65	−0.034%	$293	$253	5x	as long as short
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 GOOGL	+0.0280%	1h	357.77	0.000%	$2.0M	$1.3M	20x	as long as short
edgeX GOOGLUSDCshort	+0.0953%	4h	357.68	−0.025%	$209K	$1.2M	10x