Funding you earn now, next payment 03:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h −0.057%
Price spread now: Lighter against Extended−0.030%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days+0.067%+$7 on $10k
+Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.030%, 7d avg +0.110%
=Together, before fees+0.275%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$28 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 0.140% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.110%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.067%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 119.77 | 0.0160 | pay 0.0020% / 1h | 32m 28s | $44K | $368K | 10x |
| Short | Lighter BABA | 119.73 | 0.0032 | get 0.0004% / 1h | 32m 28s | $381K | $69K | 10x |
Extended BABA_24_5-USD
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$26.88
- Price spread: −0.030% → +0.110%
- −$13.99
- Slippage, 4 orders
- −$59.63
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$105.5
- Costs to cover
- 0.646%
- Break-even
- never at this rate
Slippage from Extended: live order book, 30 min ago; Lighter: live order book, 22 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 Extended live order book, 30 min ago | 2.54 bp | 11.9 bp −$12 | 122.4 bp −$1,224 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 22 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 | 119.62 | −0.123% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.85 | +0.070% | $2.2M | $628K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.86 | +0.079% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.45 | −0.260% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.58 | −0.155% | $1K | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.74 | −0.022% | $35K | $8K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 119.73 | −0.030% | $381K | $69K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.75 | −0.013% | $433K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.278% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.39 | −0.314% | $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 | 119.88 | +0.095% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.83 | +0.054% | $12.3M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.79 | +0.020% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.38 | −0.322% | $244K | $385K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.78 | +0.012% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 119.43 | −0.283% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.83 | +0.054% | $624K | $514K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.55 | −0.180% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDlong | +0.0160% | 1h | 119.77 | long leg | $44K | $368K | 10x | |
| Binance BABAUSDT | +0.0163% | 8h | 119.83 | +0.054% | $16.1M | $25.7M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.43 | −0.280% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0658% | 8h | 119.81 | +0.037% | $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
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT