Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0077%/8h= +8.4% APRpaid last 24h +0.056%

Price spread now: OKX against Lighter RH−0.003%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$170.174% of the position

Long on Lighter RH Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.003%, 7d avg +0.043%

Together, before fees+0.018%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.046% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.043%). If the spread goes back, that is −$5 on $10k: about 48 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.041% in total) that is about 7.9 days.

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	24m 54s	$1.3M	$2.3M	20x
Short	OKX GOOGL-USDT-SWAP	357.74	0.0109	get 0.0109% / 8h	5h 24m	$13.8M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.003%Rate

Funding earned: $16.2
Price spread: −0.003% → +0.043%: −$4.6
Slippage, 4 orders: −$7.43
Fee Lighter RH: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$5.82
Costs to cover: 0.174%
Break-even: 9.5 days

Slippage from Lighter RH: live order book, 3 min ago; OKX: live order book, 3 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, 3 min ago	1.40 bp	1.5 bp −$2	4.0 bp −$40	46.6 bp −$4,657	doesn't fit
Sell OKX live order book, 3 min ago	0.14 bp	6.7 bp −$7	11.7 bp −$117	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	−0.0064%	1h	357.46	−0.081%	$524K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0051%	1h	357.56	−0.052%	$558K	$81K	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	−0.0030%	1h	357.41	−0.095%	$23K	$154K	10x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.59	−0.045%	$3.6M	$7.5M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.66	−0.025%	$4.8M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.74	−0.003%	$23K	$437K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.73	−0.006%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.83	+0.022%	$115K	$223K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.76	+0.003%	$2.7M	$78K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0004%	1h	357.58	−0.048%	$144K	$50K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GOOGLUSDT	+0.0018%	8h	357.61	−0.038%	$366K	$458K	20x	as long as short
Bybit GOOGLUSDT	+0.0019%	8h	357.81	+0.017%	$11.8M	$7.5M	100x	as long as short
QFEX GOOGL-USD	+0.0028%	1h	357.66	−0.025%	$1.3M	$4.3M	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.75	long leg	$1.3M	$2.3M	20x
Hotstuff GOOGL-PERP	+0.0032%	1h	357.52	−0.064%	$33K	—	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.176%	$128K	$45K	30x	as long as short
Binance GOOGLUSDT	+0.0038%	8h	357.74	−0.004%	$72.9M	$141.2M	50x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.64	−0.031%	$426K	$1.8M	20x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.46	−0.081%	$207K	$277K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.79	+0.011%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.50	−0.070%	$99.1M	$21.8M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.43	−0.089%	$686K	$429K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.52	−0.064%	$135	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.49	−0.073%	$2.2M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0053%	8h	357.69	−0.018%	$293	$253	5x	as long as short
Bitget GOOGLUSDT	+0.0074%	8h	357.76	+0.003%	$17.0M	$9.3M	100x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.48	−0.075%	$42K	$41K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.50	−0.070%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.55	−0.056%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.55	−0.056%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.56	−0.053%	$25K	—	10x	as long as short
OKX GOOGL-USDT-SWAPshort	+0.0109%	8h	357.74	−0.003%	$13.8M	$12.4M	50x
Phoenix GOOGL	+0.0112%	1h	357.71	−0.011%	$138K	$36K	20x	as long as short
Lighter GOOGL	+0.0112%	1h	357.77	+0.006%	$2.1M	$1.2M	20x	as long as short
BloFin GOOGL-USDT	+0.0151%	8h	357.69	−0.017%	$697K	$234K	20x	as long as short
edgeX GOOGLUSDC	+0.0632%	4h	357.66	−0.025%	$209K	$1.2M	10x	as long as short