Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.012%

Price spread now: Lighter against OKX−0.011%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.011%, 7d avg −0.032%

Together, before fees+0.176%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.021% dearer against OKX than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.032%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 7 days funding on this pair paid +0.117%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GOOGL-USDT-SWAP	356.32	0.0198	pay 0.0198% / 8h	7h 45m	$13.8M	$12.8M	50x
Short	Lighter GOOGL	356.28	0.0096	get 0.0012% / 1h	45m 16s	$2.1M	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$21.48
Price spread: −0.011% → −0.032%: $2.09
Slippage, 4 orders: −$6.17
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.56
Costs to cover: 0.162%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Lighter: live order book, 1 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 OKX live order book, 3 min ago	0.14 bp	7.7 bp −$8	12.4 bp −$124	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	0.70 bp	1.0 bp −$1	2.4 bp −$24	105.4 bp −$10.5K	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
Gate GOOGL_USDT	0.0000%	8h	356.26	−0.017%	$3.6M	$7.5M	100x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.32	0.000%	$2K	$4.2M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	356.05	−0.076%	$23K	$153K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.53	+0.059%	$114K	$225K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.62	+0.084%	$2.7M	$66K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0018%	1h	356.44	+0.033%	$144K	$53K	10x	as long as short
GRVT GOOGL_USDT_Perp	+0.0026%	8h	356.69	+0.103%	$23K	$471K	10x	as long as short
edgeX GOOGLUSDC	+0.0028%	4h	356.60	+0.079%	$210K	$1.2M	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.37	+0.014%	$1.4M	$2.3M	20x	as long as short
Coinbase International GOOGL-PERP-INTX	+0.0032%	1h	356.34	+0.006%	$529K	$1.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.225%	$128K	$45K	30x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.38	+0.017%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.06	−0.073%	$98.1M	$24.6M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.13	−0.053%	$683K	$440K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.14	−0.051%	$172	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	355.97	−0.098%	$2.3M	$4.8M	15x	as long as short
Hotstuff GOOGL-PERP	+0.0056%	1h	356.16	−0.045%	$33K	—	20x	as long as short
QFEX GOOGL-USD	+0.0064%	1h	356.25	−0.020%	$1.3M	$4.8M	10x	as long as short
Variational Omni GOOGL	+0.0068%	8h	356.40	+0.022%	$4.8M	$2.7M	—	as long as short
Nado GOOGL-PERP	+0.0071%	1h	356.13	−0.054%	$559K	$81K	20x	as long as short
Paradex GOOGL-USD-PERP	+0.0092%	8h	356.28	−0.012%	$292	$253	5x	as long as short
Lighter GOOGLshort	+0.0096%	1h	356.28	−0.011%	$2.1M	$1.1M	20x
Pacifica GOOGL	+0.0100%	1h	356.30	−0.006%	$42K	$45K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	355.94	−0.107%	$3.0M	$66K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.41	+0.025%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.20	−0.034%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.22	−0.028%	$25K	—	10x	as long as short
Bybit GOOGLUSDT	+0.0106%	8h	356.35	+0.008%	$11.5M	$7.7M	100x	as long as short
Aster GOOGLUSDT	+0.0113%	8h	356.53	+0.059%	$364K	$457K	20x	as long as short
Binance GOOGLUSDT	+0.0132%	8h	356.31	−0.003%	$73.1M	$142.4M	50x	as long as short
Extended GOOGL-USD	+0.0136%	1h	356.21	−0.031%	$421K	$1.8M	20x	as long as short
Bitget GOOGLUSDT	+0.0138%	8h	356.28	−0.011%	$16.9M	$9.3M	100x	as long as short
Phoenix GOOGL	+0.0157%	1h	356.29	−0.008%	$137K	$48K	20x	as long as short
OKX GOOGL-USDT-SWAPlong	+0.0198%	8h	356.32	long leg	$13.8M	$12.8M	50x
BloFin GOOGL-USDT	+0.0254%	8h	356.70	+0.107%	$688K	$235K	20x	as long as short
Arcus GOOGL-USD	+0.0306%	1h	356.33	+0.003%	$202K	$271K	10x	as long as short