Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h −0.030%
Price spread now: Lighter RH against GRVT+0.188%7-day average −0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs+$3as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.188%, 7d avg −0.099%
=Together, before fees−0.213%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.287% dearer against GRVT than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.099%. Mind the row above: over the last 7 days funding on this pair cost −0.052%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BABA_USDT_Perp | 118.33 | 0.0008 | pay 0.0008% / 8h | 4h 23m | $3K | $216K | 10x |
| Short | Lighter RH BABA | 118.55 | 0.0032 | get 0.0004% / 1h | 23m 09s | $437K | $506K | 10x |
GRVT BABA_USDT_Perp
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against GRVT. 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
- $5.04
- Price spread: +0.188% → −0.099%
- $28.68
- Slippage, 4 orders
- −$16.44
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $8.28
- Costs to cover
- 0.254%
- Break-even
- from the start
Slippage from GRVT: live order book, 34 min ago; Lighter RH: live order book, 34 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 GRVT live order book, 34 min ago | 2.93 bp | 10.5 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 34 min ago | 3.35 bp | 3.7 bp −$4 | 12.7 bp −$127 | 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 | 118.63 | +0.252% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.62 | +0.247% | $2.1M | $693K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.51 | +0.154% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.55 | +0.188% | $735 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.42 | +0.078% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perplong | +0.0008% | 8h | 118.33 | long leg | $3K | $216K | 10x | |
| Lighter BABA | +0.0032% | 1h | 118.61 | +0.238% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.55 | +0.188% | $437K | $506K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.102% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | −0.032% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
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 | 118.46 | +0.112% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.46 | +0.112% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.48 | +0.129% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.30 | −0.024% | $240K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.50 | +0.146% | $1.2M | $4.2M | 10x | as long as short |
| Variational Omni BABA | +0.0072% | 8h | 118.34 | +0.013% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.43 | +0.086% | $617K | $486K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.52 | +0.162% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.50 | +0.145% | $44K | $358K | 10x | as long as short |
| Binance BABAUSDT | +0.0146% | 8h | 118.63 | +0.256% | $15.7M | $29.8M | 20x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.26 | −0.057% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0628% | 8h | 118.61 | +0.238% | $2.4M | $1.7M | 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
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT