Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: Gate against Lighter−0.026%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$750.753% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.026%, 7d avg −0.083%
=Together, before fees−0.210%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.058% dearer against Lighter than usual: you sell high and buy low (spread −0.026% now, against its 7-day average of −0.083%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 7 days (−0.142% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.74 | 0.0032 | pay 0.0004% / 1h | 41m 31s | $372K | $72K | 10x |
| Short | Gate BABA_USDT | 116.71 | 0 | get 0.0000% / 8h | 41m 31s | $1.5M | $2.0M | 50x |
Lighter BABA
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$6.72
- Price spread: −0.026% → −0.083%
- $5.76
- Slippage, 4 orders
- −$60.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$76.28
- Costs to cover
- 0.753%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 53 min ago; Gate: 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, 53 min ago | 10.67 bp | 15.7 bp −$16 | 18.3 bp −$183 | 64.3 bp −$6,428 | doesn't fit |
| Sell Gate live order book, 1 min ago | 3.86 bp | 17.5 bp −$18 | 202.1 bp −$2,021 | 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 | 116.76 | +0.016% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.65 | −0.077% | $2.1M | $717K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 116.71 | −0.026% | $1.5M | $2.0M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.68 | −0.051% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.70 | −0.034% | $883 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.70 | −0.034% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 116.66 | −0.068% | $2K | $190K | 10x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 116.74 | long leg | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.70 | −0.034% | $434K | $503K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.771% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0035% | 8h | 116.71 | −0.024% | $336K | $779K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.60 | −0.120% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.71 | −0.026% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.55 | −0.163% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.58 | −0.137% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.65 | −0.077% | $229K | $427K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0053% | 1h | 116.62 | −0.103% | $11.7M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.65 | −0.077% | $606K | $382K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.69 | −0.043% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0102% | 8h | 116.72 | −0.020% | $15.1M | $32.3M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.67 | −0.056% | $47K | $312K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.64 | −0.086% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA