Funding you earn now, next payment 09:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.016%
Price spread now: GRVT against Lighter−0.020%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$760.762% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 4 days (all we have)−0.172%−$17 · spread now −0.020%, 7d avg −0.061%
=Together, before fees−0.279%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$28 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and GRVT is 0.041% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −0.107%, 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 -0.107% in total (about -5.6% 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 | 118.24 | 0.0032 | pay 0.0004% / 1h | 3m 28s | $376K | $72K | 10x |
| Short | GRVT BABA_USDT_Perp | 118.22 | 0.0502 | get 0.0502% / 8h | 7h 03m | $3K | $180K | 10x |
Lighter BABA
GRVT BABA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $98.7
- Price spread: −0.020% → −0.061%
- $4.14
- Slippage, 4 orders
- −$67.18
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $26.65
- Costs to cover
- 0.762%
- Break-even
- 5.1 days
Slippage from Lighter: live order book, 21 min ago; GRVT: live order book, 29 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, 21 min ago | 9.80 bp | 11.5 bp −$11 | 13.4 bp −$134 | 58.3 bp −$5,831 | doesn't fit |
| Sell GRVT live order book, 29 min ago | 2.56 bp | 13.4 bp −$13 | doesn't fit | 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 | 117.98 | −0.223% | $69K | $39K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.15 | −0.076% | $2.1M | $707K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.18 | −0.051% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 118.11 | −0.110% | $2.4M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.25 | +0.008% | $823 | $2.6M | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 118.24 | long leg | $376K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.16 | −0.068% | $440K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.030% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.05 | −0.161% | $71K | $136K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.22 | −0.017% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.06 | −0.152% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.72 | −0.440% | $232K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 118.12 | −0.101% | $1.2M | $2.8M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0092% | 1h | 118.06 | −0.152% | $12.1M | $4.6M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.05 | −0.161% | $617K | $443K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.24 | 0.000% | $2K | $798 | 10x | as long as short |
| HTX BABA-USDT | +0.0120% | 8h | 117.93 | −0.262% | $30K | $19K | 20x | as long as short |
| Variational Omni BABA | +0.0179% | 8h | 117.93 | −0.266% | $339K | $664K | — | as long as short |
| Extended BABA_24_5-USD | +0.0232% | 1h | 118.08 | −0.134% | $45K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0241% | 8h | 118.10 | −0.115% | $15.5M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 118.22 | −0.017% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perpshort | +0.0502% | 8h | 118.22 | −0.020% | $3K | $180K | 10x |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
HTX BABA-USDT
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA