Funding you earn now, next payment 22:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h −0.011%
Price spread now: Bybit against Lighter−0.146%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now −0.146%, 7d avg −0.096%
=Together, before fees−0.254%+ Points / potential airdropLighter: Season 3 · farm board−$25 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 Bybit is 0.051% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.096%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.17 | 0.0056 | pay 0.0007% / 1h | 28m 57s | $384K | $51K | 10x |
| Short | Bybit BABAUSDT | 116.00 | 0 | get 0.0000% / 8h | 2h 28m | $2.2M | $613K | 25x |
Lighter BABA
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$11.76
- Price spread: −0.146% → −0.096%
- −$5.06
- Slippage, 4 orders
- −$59.2
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$87.02
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 54 min ago; Bybit: live order book, 3 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, 54 min ago | 9.47 bp | 16.7 bp −$17 | 19.1 bp −$191 | 64.8 bp −$6,483 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.45 bp | 12.6 bp −$13 | 91.9 bp −$919 | 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 | 115.99 | −0.156% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.00 | −0.146% | $2.2M | $613K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.01 | −0.138% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.02 | −0.129% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.01 | −0.138% | $484 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.03 | −0.121% | $37K | $2K | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.01 | −0.134% | $300K | $620K | — | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.01 | −0.138% | $446K | $595K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.284% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0042% | 1h | 116.01 | −0.138% | $1.2M | $5.0M | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Variational Omni BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX 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 | 116.01 | −0.138% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.97 | −0.172% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.94 | −0.198% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.90 | −0.232% | $249K | $334K | 10x | as long as short |
| Lighter BABAlong | +0.0056% | 1h | 116.17 | long leg | $384K | $51K | 10x | |
| GRVT BABA_USDT_Perp | +0.0060% | 8h | 116.02 | −0.131% | $3K | $273K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0072% | 1h | 116.00 | −0.149% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0076% | 8h | 116.01 | −0.138% | $15.4M | $21.0M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.89 | −0.241% | $601K | $689K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.01 | −0.138% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0207% | 1h | 115.99 | −0.155% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0643% | 1h | 116.01 | −0.138% | $79K | $93K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD