Funding you earn now, next payment 02:00 UTC−0.0154%/8h= −16.8% APRpaid last 24h −0.062%
Price spread now: Lighter RH against Binance−0.065%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days−0.125%−$12 on $10k
+Price spread, last 2 days (all we have)−0.005%$0 · spread now −0.065%, 7d avg −0.045%
=Together, before fees−0.129%+ Points / potential airdropLighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter RH is 0.020% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 118.11 | 0.0186 | pay 0.0186% / 8h | 6h 03m | $15.7M | $23.7M | 20x |
| Short | Lighter RH BABA | 118.03 | 0.0032 | get 0.0004% / 1h | 3m 42s | $427K | $502K | 10x |
Binance BABAUSDT
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$32.24
- Price spread: −0.065% → −0.045%
- −$2.03
- Slippage, 4 orders
- −$15.11
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$59.39
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from Binance: live order book, 7 min ago; Lighter RH: live order book, 64 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, 7 min ago | 1.70 bp | 9.5 bp −$9 | 18.8 bp −$188 | 65.5 bp −$6,549 | doesn't fit |
| Sell Lighter RH live order book, 64 min ago | 2.14 bp | 3.3 bp −$3 | 11.8 bp −$118 | 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 | 117.95 | −0.134% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.02 | −0.074% | $2.2M | $564K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.01 | −0.082% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.91 | −0.167% | $736 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.98 | −0.108% | $38K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0016% | 8h | 117.77 | −0.282% | $3K | $223K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.17 | +0.053% | $389K | $46K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.03 | −0.065% | $427K | $502K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.920% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.95 | −0.133% | $1.2M | $4.4M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.82 | −0.243% | $72K | $109K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.00 | −0.091% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.02 | −0.074% | $12.1M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.91 | −0.167% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.97 | −0.116% | $241K | $370K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.82 | −0.243% | $614K | $524K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.95 | −0.133% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0129% | 8h | 117.88 | −0.189% | $265K | $658K | — | as long as short |
| Bitget BABAUSDT | +0.0155% | 8h | 118.00 | −0.091% | $2.5M | $1.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.99 | −0.101% | $45K | $368K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0186% | 8h | 118.11 | long leg | $15.7M | $23.7M | 20x | |
| Phoenix BABA | +0.0205% | 1h | 116.94 | −0.988% | $65K | $71K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Bitget BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA