Funding you earn now, next payment 03:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter against Aster+0.128%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.128% dearer against Aster than usual: you sell high and buy low: +$13 more if the spread 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 | Aster BABAUSDT | 118.28 | 0 | get 0.0000% / 8h | 5h 39m | $78K | $27K | 20x |
| Short | Lighter BABA | 118.43 | 0.0032 | get 0.0004% / 1h | 39m 58s | $390K | $46K | 10x |
Aster BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Aster. 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
- $6.72
- Price spread: +0.128% → 0.000%
- $12.79
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $11.51
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Aster: no order-book sample; Lighter: live order book, 15 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 Aster no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 15 min ago | 11.44 bp | 27.7 bp −$28 | 34.5 bp −$345 | 80.7 bp −$8,067 | doesn't fit |
Aster: 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.
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 BABAUSDTlong | 0.0000% | 8h | 118.28 | long leg | $78K | $27K | 20x | |
| Bybit BABAUSDT | 0.0000% | 8h | 118.54 | +0.221% | $2.2M | $593K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.40 | +0.103% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.23 | −0.041% | $3K | $220K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.32 | +0.035% | $664 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.32 | +0.035% | $35K | $8K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.43 | +0.128% | $390K | $46K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.27 | −0.007% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.062% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.17 | −0.092% | $72K | $109K | 10x | as long as short |
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.22 | −0.050% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.41 | +0.111% | $12.2M | $3.6M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.16 | −0.100% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.12 | −0.134% | $235K | $377K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 118.21 | −0.058% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0092% | 8h | 118.27 | −0.006% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.31 | +0.026% | $616K | $517K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.31 | +0.026% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0158% | 8h | 118.48 | +0.170% | $15.6M | $24.4M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.49 | +0.182% | $46K | $365K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.17 | −0.092% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0368% | 8h | 118.39 | +0.094% | $2.5M | $1.3M | 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
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT