Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.019%

Price spread now: Lighter against Orderly+0.045%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.045% dearer against Orderly than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GOOGL_USDC	357.67	0.0100	pay 0.0100% / 8h	5h 44m	$10K	$11K	20x
Short	Lighter GOOGL	357.83	0.0104	get 0.0013% / 1h	44m 50s	$2.0M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0.84
Price spread: +0.045% → 0.000%: $4.47
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.69
Costs to cover: 0.060%
Break-even: 12.7 days

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	0.84 bp	1.3 bp −$1	3.4 bp −$34	43.4 bp −$4,343	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 36 exchanges

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
Hotstuff GOOGL-PERP	−0.1600%	1h	354.12	−0.993%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0040%	1h	357.46	−0.059%	$517K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.85	+0.050%	$11.5M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.89	+0.062%	$13.5M	$13.7M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.72	+0.014%	$3.7M	$6.8M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.90	+0.064%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.87	+0.057%	$5.0M	$2.3M	—	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.89	+0.062%	$1K	$3.7M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.65	−0.006%	$29K	$152K	10x	as long as short
HTX GOOGL-USDT	0.0000%	8h	357.96	+0.081%	$115K	$211K	30x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex GOOGLUSDT	0.0000%	4h	357.96	+0.081%	$2.7M	$114K	10x	as long as short
Aftermath Perps GOOGLUSD	+0.0030%	1h	357.85	+0.050%	$144K	$42K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.87	+0.056%	$1.4M	$1.8M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	−0.154%	$128K	$45K	30x	as long as short
Aster GOOGLUSDT	+0.0044%	8h	357.77	+0.027%	$367K	$420K	20x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.91	+0.067%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	357.66	−0.003%	$97.9M	$21.9M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.76	+0.025%	$685K	$421K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	357.59	−0.022%	$104	$46K	10x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	357.44	−0.064%	$2.3M	$4.0M	15x	as long as short
Extended GOOGL-USD	+0.0056%	1h	357.81	+0.040%	$426K	$2.4M	20x	as long as short
QFEX GOOGL-USD	+0.0060%	1h	357.82	+0.042%	$1.2M	$4.1M	10x	as long as short
Binance GOOGLUSDT	+0.0060%	8h	357.88	+0.059%	$73.1M	$145.5M	50x	as long as short
Paradex GOOGL-USD-PERP	+0.0060%	8h	357.71	+0.011%	$293	$253	5x	as long as short
GRVT GOOGL_USDT_Perp	+0.0066%	8h	357.96	+0.082%	$12K	$463K	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.79	+0.032%	$42K	$20K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	357.71	+0.011%	$3.0M	$255K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	357.78	+0.031%	$36K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDClong	+0.0100%	8h	357.67	long leg	$10K	$11K	20x
Lighter GOOGLshort	+0.0104%	1h	357.83	+0.045%	$2.0M	$2.1M	20x
Aevo GOOGL-PERP	+0.0104%	1h	357.60	−0.019%	$25K	—	10x	as long as short
Nado GOOGL-PERP	+0.0114%	1h	357.64	−0.010%	$551K	$82K	20x	as long as short
Phoenix GOOGL	+0.0134%	1h	357.97	+0.084%	$138K	$36K	20x	as long as short
BloFin GOOGL-USDT	+0.0182%	8h	357.93	+0.073%	$695K	$231K	20x	as long as short
Arcus GOOGL-USD	+0.0199%	1h	357.77	+0.028%	$211K	$213K	10x	as long as short
edgeX GOOGLUSDC	+0.0616%	4h	357.80	+0.036%	$208K	$1.2M	10x	as long as short