BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.055%

Price spread now: Lighter RH against Extended−0.031%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$320.321% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$10 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.031%, 7d avg −0.040%

Together, before fees−0.071%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended BABA_24_5-USD	116.35	0.0208	pay 0.0026% / 1h	34m 50s	$44K	$488K	10x
Short	Lighter RH BABA	116.31	0.0032	get 0.0004% / 1h	34m 50s	$444K	$482K	10x

Funding history

latest

Range statsloading…

Lighter RH against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee ExtendedbpFee Lighter RHbpOrdersPrice spread, now −0.031%Rate

Slippage from Extended: live order book, 38 min ago; Lighter RH: live order book, 37 min ago.

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, 38 min ago	3.01 bp	12.6 bp −$13	66.3 bp −$663	doesn't fit	doesn't fit
Sell Lighter RH live order book, 37 min ago	2.58 bp	3.5 bp −$4	12.7 bp −$127	doesn't fit	doesn't fit

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	116.38	+0.025%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.40	+0.046%	$2.2M	$584K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.37	+0.020%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.39	+0.037%	$2.5M	$1.3M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.36	+0.012%	$630	$4.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.40	+0.046%	$37K	$2K	20x	as long as short
Lighter RH BABAshort	+0.0032%	1h	116.31	−0.031%	$444K	$482K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.435%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.33	−0.014%	—	$9K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.28	−0.057%	$12.1M	$2.9M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	116.26	−0.074%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.30	−0.040%	$239K	$342K	10x	as long as short
Lighter BABA	+0.0072%	1h	116.50	+0.132%	$385K	$50K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.37	+0.020%	$1.2M	$5.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.33	−0.014%	$603K	$551K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.38	+0.029%	$2K	$798	10x	as long as short
GRVT BABA_USDT_Perp	+0.0104%	8h	116.43	+0.072%	$3K	$243K	10x	as long as short
Variational Omni BABA	+0.0146%	8h	116.39	+0.039%	$301K	$619K	—	as long as short
Extended BABA_24_5-USDlong	+0.0208%	1h	116.35	long leg	$44K	$488K	10x
Binance BABAUSDT	+0.0209%	8h	116.37	+0.019%	$15.4M	$21.6M	20x	as long as short
Phoenix BABA	+0.0343%	1h	116.37	+0.020%	$65K	$133K	10x	as long as short
Arcus BABA-USD	+0.0626%	1h	116.37	+0.020%	$75K	$101K	10x	as long as short