Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: SunX against Lighter RH+0.011%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1021.022% of the position

Long on Lighter RH Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$6 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.011%, 7d avg +0.018%

Together, before fees+0.004%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: −$1 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	357.34	0.0032	pay 0.0004% / 1h	8m 00s	$1.3M	$2.1M	20x
Short	SunX GOOGL-USDT	357.38	0	get 0.0000% / 8h	2h 08m	$1K	$4.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$6.72
Price spread: +0.011% → +0.018%: −$0.66
Slippage, 4 orders: −$94.16
Fee Lighter RH: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$109.54
Costs to cover: 1.022%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; SunX: live order book, 10 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	1.7 bp −$2	4.2 bp −$42	42.5 bp −$4,247	doesn't fit
Sell SunX live order book, 10 min ago	44.91 bp	49.4 bp −$49	doesn't fit	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
Nado GOOGL-PERP	−0.0022%	1h	357.17	−0.047%	$557K	$86K	20x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.40	+0.017%	$13.7M	$12.8M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.27	−0.020%	$3.6M	$7.4M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.42	+0.022%	$17.3M	$9.9M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.45	+0.031%	$4.7M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.48	+0.038%	$23K	$446K	10x	as long as short
SunX GOOGL-USDTshort	0.0000%	8h	357.38	+0.011%	$1K	$4.1M	20x
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.18	−0.045%	$24K	$156K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.48	+0.039%	$115K	$213K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.53	+0.053%	$2.7M	$87K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff GOOGL-PERP	+0.0016%	1h	357.09	−0.070%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0016%	1h	356.88	−0.129%	$519K	$1.1M	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0020%	1h	357.28	−0.017%	$145K	$47K	10x	as long as short
Lighter RH GOOGLlong	+0.0032%	1h	357.34	long leg	$1.3M	$2.1M	20x
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.062%	$128K	$45K	30x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	357.16	−0.050%	$207K	$278K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.45	+0.031%	—	$5K	25x	as long as short
Aster GOOGLUSDT	+0.0046%	8h	357.53	+0.053%	$366K	$426K	20x	as long as short
QFEX GOOGL-USD	+0.0047%	1h	357.24	−0.028%	$1.2M	$4.2M	10x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.16	−0.050%	$98.2M	$21.5M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.14	−0.056%	$685K	$430K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.15	−0.053%	$159	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.19	−0.042%	$2.3M	$4.8M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.30	−0.011%	$293	$253	5x	as long as short
Extended GOOGL-USD	+0.0064%	1h	357.27	−0.020%	$422K	$1.2M	20x	as long as short
Binance GOOGLUSDT	+0.0067%	8h	357.37	+0.008%	$72.1M	$143.7M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.14	−0.057%	$42K	$39K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.90	−0.123%	$3.0M	$106K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.30	−0.011%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.20	−0.039%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.25	−0.026%	$25K	—	10x	as long as short
Lighter GOOGL	+0.0112%	1h	357.34	0.000%	$2.0M	$1.3M	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.29	−0.014%	$137K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0187%	8h	357.40	+0.017%	$685K	$236K	20x	as long as short
Bybit GOOGLUSDT	+0.0199%	8h	357.33	−0.003%	$12.0M	$7.6M	100x	as long as short
edgeX GOOGLUSDC	+0.0578%	4h	357.45	+0.032%	$208K	$1.2M	10x	as long as short