Funding you earn now, next payment 03:00 UTC+0.0325%/8h= +35.6% APRpaid last 24h +0.008%
Price spread now: Bitget against Lighter−0.042%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$770.766% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.042%, 7d avg −0.049%
=Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.049%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.207%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.207% in total (about -10.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 118.36 | 0.0032 | pay 0.0004% / 1h | 40m 54s | $390K | $46K | 10x |
| Short | Bitget BABAUSDT | 118.31 | 0.0357 | get 0.0357% / 8h | 5h 40m | $2.5M | $1.3M | 20x |
Lighter BABA
Bitget BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- $68.25
- Price spread: −0.042% → −0.049%
- $0.7
- Slippage, 4 orders
- −$64.65
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$7.7
- Costs to cover
- 0.766%
- Break-even
- 7.8 days
Slippage from Lighter: live order book, 14 min ago; Bitget: live order book, 1 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 Lighter live order book, 14 min ago | 11.44 bp | 13.1 bp −$13 | 15.8 bp −$158 | 62.0 bp −$6,200 | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.96 bp | 19.7 bp −$20 | 59.7 bp −$597 | 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 | 118.19 | −0.141% | $78K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.34 | −0.017% | $2.2M | $581K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.29 | −0.059% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.23 | −0.110% | $3K | $220K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.29 | −0.059% | $685 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.32 | −0.034% | $35K | $8K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 118.36 | long leg | $390K | $46K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.20 | −0.135% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.129% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.13 | −0.194% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 118.25 | −0.093% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.23 | −0.110% | $12.1M | $3.6M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.20 | −0.135% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.12 | −0.203% | $235K | $377K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 118.23 | −0.110% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0092% | 8h | 118.27 | −0.074% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.17 | −0.161% | $615K | $517K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.26 | −0.084% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0159% | 8h | 118.29 | −0.061% | $15.6M | $24.0M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.26 | −0.087% | $46K | $365K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.17 | −0.161% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDTshort | +0.0357% | 8h | 118.31 | −0.042% | $2.5M | $1.3M | 20x |
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
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA