GOOGL

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against Phoenix+0.045%104s7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$180.182% of the position

Long on Phoenix Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.045%, 7d avg +0.052%

Together, before fees+0.051%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.052%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix GOOGL	357.02	0.0179	pay 0.0022% / 1h	43m 39s	$137K	$60K	20x
Short	Lighter GOOGL	357.18	0.0112	get 0.0014% / 1h	43m 39s	$2.0M	$2.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phoenix. 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 PhoenixbpFee LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$14.06
Price spread: +0.045% → +0.052%: −$0.72
Slippage, 4 orders: −$11.19
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$32.96
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from Phoenix: live order book, 55 min ago; Lighter: live order book, 6 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 Phoenix live order book, 55 min ago	2.52 bp	8.4 bp −$8	17.2 bp −$172	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.42 bp	0.8 bp −$1	4.3 bp −$43	89.7 bp −$8,971	doesn't fit

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	−0.0072%	1h	357.34	+0.090%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0016%	1h	357.07	+0.014%	$529K	$1.2M	10x	as long as short
Bybit GOOGLUSDT	0.0000%	8h	357.21	+0.053%	$11.6M	$7.7M	100x	as long as short
OKX GOOGL-USDT-SWAP	0.0000%	8h	357.20	+0.050%	$13.4M	$13.9M	50x	as long as short
Gate GOOGL_USDT	0.0000%	8h	357.11	+0.025%	$3.7M	$6.3M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	357.29	+0.076%	$17.4M	$9.8M	100x	as long as short
Variational Omni GOOGL	0.0000%	8h	357.05	+0.010%	$4.9M	$2.4M	—	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	357.18	+0.046%	$12K	$461K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	357.27	+0.070%	$2K	$3.6M	20x	as long as short
Deribit GOOGL_USDC-PERPETUAL	0.0000%	1h	357.00	−0.006%	$29K	$150K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX GOOGL-USDT	0.0000%	8h	357.36	+0.095%	$115K	$211K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	357.27	+0.070%	$2.7M	$116K	10x	as long as short
Aster GOOGLUSDT	+0.0024%	8h	357.22	+0.055%	$367K	$420K	20x	as long as short
Aftermath Perps GOOGLUSD	+0.0032%	1h	357.10	+0.022%	$144K	$41K	10x	as long as short
Lighter RH GOOGL	+0.0032%	1h	357.25	+0.064%	$1.4M	$1.9M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.028%	$128K	$45K	30x	as long as short
Extended GOOGL-USD	+0.0040%	1h	357.15	+0.036%	$423K	$2.9M	20x	as long as short
Binance GOOGLUSDT	+0.0042%	8h	357.27	+0.070%	$72.9M	$145.8M	50x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	357.25	+0.064%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.99	−0.008%	$97.9M	$21.4M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	357.09	+0.020%	$719K	$519K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.99	−0.008%	$104	$46K	10x	as long as short
Nado GOOGL-PERP	+0.0050%	1h	357.00	−0.005%	$549K	$86K	20x	as long as short
Ondo Perps GOOGL-USD.P	+0.0050%	1h	356.75	−0.076%	$2.3M	$3.9M	15x	as long as short
Paradex GOOGL-USD-PERP	+0.0057%	8h	357.11	+0.024%	$293	$253	5x	as long as short
QFEX GOOGL-USD	+0.0066%	1h	357.12	+0.028%	$1.3M	$4.0M	10x	as long as short
Pacifica GOOGL	+0.0100%	1h	357.14	+0.034%	$42K	$17K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.87	−0.042%	$3.0M	$325K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.97	−0.014%	$35K	$17K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	357.06	+0.011%	$10K	$11K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	357.00	−0.005%	$25K	—	10x	as long as short
Lighter GOOGLshort	+0.0112%	1h	357.18	+0.045%	$2.0M	$2.2M	20x
BloFin GOOGL-USDT	+0.0164%	8h	357.26	+0.067%	$694K	$231K	20x	as long as short
Phoenix GOOGLlong	+0.0179%	1h	357.02	long leg	$137K	$60K	20x
Arcus GOOGL-USD	+0.0303%	1h	357.02	0.000%	$212K	$217K	10x	as long as short
edgeX GOOGLUSDC	+0.0760%	4h	357.12	+0.029%	$208K	$1.2M	10x	as long as short