BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.060%

Price spread now: Binance against Lighter−0.059%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$560.560% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now −0.059%, 7d avg −0.068%

Together, before fees−0.082%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BABA	118.81	0.0032	pay 0.0004% / 1h	45m 02s	$378K	$73K	10x
Short	Binance BABAUSDT	118.74	0.0130	get 0.0130% / 8h	4h 45m	$15.6M	$29.8M	20x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee LighterbpFee BinancebpOrdersPrice spread, now −0.059%Rate

Slippage from Lighter: live order book, 5 min ago; Binance: live order book, 11 min ago.

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, 5 min ago	11.76 bp	14.1 bp −$14	16.1 bp −$161	60.4 bp −$6,039	doesn't fit
Sell Binance live order book, 11 min ago	1.68 bp	9.6 bp −$10	21.2 bp −$212	83.5 bp −$8,351	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	119.02	+0.175%	$72K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.84	+0.025%	$2.2M	$646K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.79	−0.017%	$1.5M	$1.8M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	119.00	+0.157%	$3K	$217K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	118.78	−0.025%	$873	$3.6M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.84	+0.025%	$30K	$18K	20x	as long as short
Lighter BABAlong	+0.0032%	1h	118.81	long leg	$378K	$73K	10x
Lighter RH BABA	+0.0032%	1h	118.72	−0.076%	$427K	$495K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.500%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.82	+0.008%	$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	118.77	−0.034%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.63	−0.152%	$12.0M	$4.1M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.73	−0.067%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.85	+0.034%	$241K	$405K	10x	as long as short
Variational Omni BABA	+0.0058%	8h	118.76	−0.044%	$267K	$658K	—	as long as short
QFEX BABA-USD	+0.0068%	1h	118.78	−0.025%	$1.2M	$4.3M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.74	−0.059%	$619K	$497K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.81	0.000%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0128%	1h	118.75	−0.052%	$43K	$360K	10x	as long as short
Binance BABAUSDTshort	+0.0130%	8h	118.74	−0.059%	$15.6M	$29.8M	20x
Phoenix BABA	+0.0201%	1h	118.75	−0.051%	$67K	$90K	10x	as long as short
Bitget BABAUSDT	+0.0958%	8h	118.80	−0.008%	$2.4M	$1.7M	20x	as long as short