Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX−0.084%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Lighter RH is 0.084% cheaper against HTX than usual: you would sell low and buy high (spread −0.084% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 8.8 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BABA-USDT	118.57	0	get 0.0000% / 8h	3h 28m	$30K	$18K	20x
Short	Lighter RH BABA	118.47	0.0032	get 0.0004% / 1h	28m 26s	$438K	$507K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee Lighter RHbpOrdersPrice spread, now −0.084%Rate

Funding earned: $6.72
Price spread: −0.084% → 0.000%: −$8.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.71
Costs to cover: 0.120%
Break-even: 21.3 days

Slippage unknown: HTX: no order-book sample; Lighter RH: live order book, 24 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 24 min ago	1.69 bp	2.6 bp −$3	9.5 bp −$95	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	118.38	−0.163%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.48	−0.076%	$2.1M	$704K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.49	−0.067%	$1.5M	$1.9M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	118.49	−0.067%	$787	$3.4M	20x	as long as short
HTX BABA-USDTlong	0.0000%	8h	118.57	long leg	$30K	$18K	20x
GRVT BABA_USDT_Perp	+0.0022%	8h	118.51	−0.051%	$3K	$193K	10x	as long as short
Lighter BABA	+0.0032%	1h	118.56	−0.008%	$377K	$73K	10x	as long as short
Lighter RH BABAshort	+0.0032%	1h	118.47	−0.084%	$438K	$507K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.302%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.42	−0.127%	$72K	$109K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	118.49	−0.067%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.39	−0.152%	$12.0M	$4.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.40	−0.143%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.39	−0.152%	$238K	$406K	10x	as long as short
QFEX BABA-USD	+0.0056%	1h	118.43	−0.118%	$1.2M	$3.8M	10x	as long as short
Variational Omni BABA	+0.0066%	8h	118.51	−0.047%	$266K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.33	−0.202%	$616K	$459K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.49	−0.067%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0144%	8h	118.46	−0.095%	$15.7M	$30.7M	20x	as long as short
Extended BABA_24_5-USD	+0.0144%	1h	118.42	−0.127%	$43K	$354K	10x	as long as short
Phoenix BABA	+0.0203%	1h	118.43	−0.118%	$66K	$90K	10x	as long as short
Bitget BABAUSDT	+0.0309%	8h	118.46	−0.093%	$2.4M	$1.7M	20x	as long as short