Funding you earn now, next payment 00:00 UTC−0.0136%/8h= −14.9% APRpaid last 24h −0.011%
Price spread now: Aster against Lighter−0.144%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Aster is 0.144% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.36 | 0.0136 | pay 0.0017% / 1h | 53m 10s | $384K | $49K | 10x |
| Short | Aster BABAUSDT | 116.19 | 0 | get 0.0000% / 8h | 53m 10s | $75K | $27K | 20x |
Lighter BABA
Aster BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Lighter. 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
- −$28.56
- Price spread: −0.144% → 0.000%
- −$14.36
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$50.92
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 17 min ago; Aster: no order-book sample. 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 Lighter live order book, 17 min ago | 9.89 bp | 9.9 bp −$10 | 11.9 bp −$119 | 57.5 bp −$5,750 | doesn't fit |
| Sell Aster no order-book sample | — | — | — | — | — |
Aster: 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 BABAUSDTshort | 0.0000% | 8h | 116.19 | −0.144% | $75K | $27K | 20x | |
| Bybit BABAUSDT | 0.0000% | 8h | 116.25 | −0.095% | $2.2M | $593K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.28 | −0.069% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.30 | −0.052% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.21 | −0.131% | $300K | $620K | — | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.30 | −0.052% | $429 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.28 | −0.069% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.22 | −0.120% | $2K | $250K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.23 | −0.112% | $447K | $580K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.447% | $11K | $26K | 12x | as long as short |
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.14 | −0.189% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.17 | −0.163% | $1.2M | $5.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.16 | −0.172% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.17 | −0.163% | $239K | $351K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0064% | 1h | 116.28 | −0.067% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0065% | 8h | 116.31 | −0.044% | $15.4M | $21.2M | 20x | as long as short |
| tradeXYZ xyz:BABA | +0.0091% | 1h | 116.18 | −0.155% | $12.1M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.12 | −0.206% | $603K | $612K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.25 | −0.095% | $2K | $1K | 10x | as long as short |
| Lighter BABAlong | +0.0136% | 1h | 116.36 | long leg | $384K | $49K | 10x | |
| Phoenix BABA | +0.0276% | 1h | 116.12 | −0.206% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.25 | −0.095% | $78K | $94K | 10x | as long as short |
Vest BABA-USD-PERP
QFEX BABA-USD
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Extended BABA_24_5-USD
Binance BABAUSDT
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD