Funding you earn now, next payment 09:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.018%
Price spread now: Lighter against KuCoin+0.120%7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$169as in the Price arb table
costs, in and out, $10k−$1651.650% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)−0.075%−$8 · spread now +0.120%, 7d avg +0.162%
=Together, before fees−0.052%+ Points / potential airdropLighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.162%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 117.08 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $612K | $416K | 20x |
| Short | Lighter BABA | 117.22 | 0.0032 | get 0.0004% / 1h | 28m 07s | $373K | $71K | 10x |
KuCoin BABAUSDTM
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$14.28
- Price spread: +0.120% → +0.162%
- −$4.24
- Slippage, 4 orders
- −$152.98
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$183.5
- Costs to cover
- 1.650%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 66 min ago; Lighter: live order book, 61 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 KuCoin live order book, 66 min ago | 18.41 bp | 86.2 bp −$86 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 61 min ago | 11.95 bp | 29.2 bp −$29 | 32.4 bp −$324 | 77.7 bp −$7,771 | 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 | 117.06 | −0.020% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.10 | +0.017% | $2.1M | $725K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.12 | +0.034% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.09 | +0.009% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.13 | +0.043% | $837 | $2.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.21 | +0.111% | $30K | $19K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.22 | +0.120% | $373K | $71K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.13 | +0.043% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.059% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.06 | −0.017% | $70K | $136K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.10 | +0.017% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.00 | −0.068% | $8K | $281K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.98 | −0.085% | $231K | $419K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.12 | +0.034% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 117.08 | long leg | $612K | $416K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.14 | +0.051% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0105% | 1h | 117.05 | −0.026% | $12.0M | $4.6M | 10x | as long as short |
| Variational Omni BABA | +0.0151% | 8h | 117.20 | +0.103% | $337K | $722K | — | as long as short |
| Binance BABAUSDT | +0.0197% | 8h | 117.14 | +0.054% | $15.3M | $31.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0200% | 1h | 117.11 | +0.024% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.18 | +0.085% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0380% | 8h | 117.23 | +0.127% | $3K | $182K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
GRVT BABA_USDT_Perp