Funding you earn now, next payment 03:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.060%
Price spread now: Lighter against Binance−0.050%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.073%−$7 · spread now −0.050%, 7d avg +0.068%
=Together, before fees−0.033%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Lighter is 0.118% cheaper against Binance than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.068%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 119.36 | 0.0159 | pay 0.0159% / 8h | 5h 35m | $16.0M | $25.3M | 20x |
| Short | Lighter BABA | 119.30 | 0.0032 | get 0.0004% / 1h | 35m 56s | $385K | $63K | 10x |
Binance BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$26.65
- Price spread: −0.050% → +0.068%
- −$11.83
- Slippage, 4 orders
- −$49.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$97.83
- Costs to cover
- 0.593%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Lighter: live order book, 19 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 Binance live order book, 5 min ago | 0.42 bp | 9.2 bp −$9 | 18.8 bp −$188 | 69.6 bp −$6,958 | doesn't fit |
| Sell Lighter live order book, 19 min ago | 11.44 bp | 27.7 bp −$28 | 34.5 bp −$345 | 80.7 bp −$8,067 | 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 | 119.25 | −0.092% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.45 | +0.075% | $2.2M | $626K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.39 | +0.025% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.59 | −0.647% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.44 | +0.067% | $1K | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.67 | +0.260% | $35K | $8K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 119.30 | −0.050% | $385K | $63K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.32 | −0.034% | $431K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.949% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.89 | −0.394% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
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 | 119.38 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.25 | −0.092% | $12.2M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.30 | −0.050% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.37 | +0.008% | $244K | $384K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.37 | +0.008% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 119.43 | +0.056% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.32 | −0.034% | $622K | $515K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.43 | +0.059% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDTlong | +0.0159% | 8h | 119.36 | long leg | $16.0M | $25.3M | 20x | |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.34 | −0.019% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.57 | −0.662% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0489% | 8h | 119.39 | +0.025% | $2.5M | $1.4M | 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
Phoenix BABA
Bitget BABAUSDT