Funding you earn now, next payment 03:00 UTC−0.0457%/8h= −50.0% APRpaid last 24h −0.010%
Price spread now: Lighter RH against Bitget−0.126%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$430.435% of the position
Funding, last 7 days+0.042%+$4 on $10k
+Price spread, last 4 days (all we have)−0.104%−$10 · spread now −0.126%, 7d avg −0.101%
=Together, before fees−0.062%+ Points / potential airdropLighter RH: Points live · farm board−$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Lighter RH is 0.024% cheaper against Bitget than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BABAUSDT | 119.41 | 0.0489 | pay 0.0489% / 8h | 5h 36m | $2.5M | $1.4M | 20x |
| Short | Lighter RH BABA | 119.26 | 0.0032 | get 0.0004% / 1h | 36m 40s | $431K | $496K | 10x |
Bitget BABAUSDT
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bitget. 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
- −$95.97
- Price spread: −0.126% → −0.101%
- −$2.42
- Slippage, 4 orders
- −$31.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$141.87
- Costs to cover
- 0.435%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; Lighter RH: live order book, 26 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 Bitget live order book, 6 min ago | 2.96 bp | 16.2 bp −$16 | 26.1 bp −$261 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 26 min ago | 3.38 bp | 3.7 bp −$4 | 9.2 bp −$92 | 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 | 119.27 | −0.117% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.48 | +0.059% | $2.2M | $626K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.41 | 0.000% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.59 | −0.689% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.48 | +0.059% | $828 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.67 | +0.218% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.36 | −0.042% | $387K | $62K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 119.26 | −0.126% | $431K | $496K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.990% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.89 | −0.435% | $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 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 | 119.34 | −0.059% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.30 | −0.092% | $12.2M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.36 | −0.042% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.37 | −0.033% | $244K | $384K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.37 | −0.033% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0092% | 8h | 118.27 | −0.953% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.28 | −0.109% | $621K | $515K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.45 | +0.033% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0159% | 8h | 119.40 | −0.008% | $16.0M | $25.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.38 | −0.028% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.57 | −0.703% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDTlong | +0.0489% | 8h | 119.41 | long leg | $2.5M | $1.4M | 20x |
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