Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.131%
Price spread now: Lighter RH against Arcus+0.220%7-day average −0.053% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$3as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 4 days (all we have)−0.201%−$20 on $10k
+Price spread, last 4 days (all we have)−0.220%−$22 · spread now +0.220%, 7d avg −0.053%
=Together, before fees−0.421%+ Points / potential airdropLighter RH: Points live · farm board−$42 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter RH is 0.273% dearer against Arcus than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 118.29 | 0.0040 | pay 0.0005% / 1h | 23m 11s | $72K | $109K | 10x |
| Short | Lighter RH BABA | 118.55 | 0.0032 | get 0.0004% / 1h | 23m 11s | $437K | $506K | 10x |
Arcus BABA-USD
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1.74
- Price spread: +0.220% → −0.053%
- $27.26
- Slippage, 4 orders
- −$25.71
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$4.69
- Costs to cover
- 0.302%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 26 min ago; Lighter RH: live order book, 34 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 Arcus live order book, 26 min ago | 4.63 bp | 12.2 bp −$12 | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 34 min ago | 3.35 bp | 3.7 bp −$4 | 12.7 bp −$127 | doesn't fit | doesn't fit |
BABA on 22 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BABAUSDT | 0.0000% | 8h | 118.63 | +0.284% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.62 | +0.279% | $2.1M | $693K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.51 | +0.186% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.55 | +0.220% | $735 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.42 | +0.110% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0008% | 8h | 118.33 | +0.032% | $3K | $216K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.61 | +0.271% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.55 | +0.220% | $437K | $506K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.071% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 118.29 | long leg | $72K | $109K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.46 | +0.144% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.46 | +0.144% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.48 | +0.161% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.30 | +0.008% | $240K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.50 | +0.178% | $1.2M | $4.2M | 10x | as long as short |
| Variational Omni BABA | +0.0072% | 8h | 118.34 | +0.045% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.43 | +0.118% | $617K | $486K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.52 | +0.194% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.50 | +0.177% | $44K | $358K | 10x | as long as short |
| Binance BABAUSDT | +0.0146% | 8h | 118.63 | +0.288% | $15.7M | $29.8M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.26 | −0.025% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0628% | 8h | 118.61 | +0.271% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT