Funding you earn now, next payment 03:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.018%
Price spread now: KuCoin against Lighter−0.101%7-day average −0.163% · you buy dearer than you sell
Net, funding: paid 7d − costs−$207as in the Funding arb table
Net, price: spread back to 7d avg − costs−$198as in the Price arb table
costs, in and out, $10k−$2052.047% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.101%, 7d avg −0.163%
=Together, before fees+0.033%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.062% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.163%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 119.32 | 0.0032 | pay 0.0004% / 1h | 6m 41s | $380K | $73K | 10x |
| Short | KuCoin BABAUSDTM | 119.20 | 0.0100 | get 0.0100% / 8h | 5h 06m | $620K | $505K | 20x |
Lighter BABA
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: −0.101% → −0.163%
- $6.23
- Slippage, 4 orders
- −$192.7
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$184.2
- Costs to cover
- 2.047%
- Break-even
- 97.3 days
Slippage from Lighter: live order book, 48 min ago; KuCoin: live order book, 17 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, 48 min ago | 11.44 bp | 13.1 bp −$13 | 15.8 bp −$158 | 62.0 bp −$6,200 | doesn't fit |
| Sell KuCoin live order book, 17 min ago | 31.54 bp | 79.2 bp −$79 | 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 | 119.22 | −0.088% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.34 | +0.017% | $2.2M | $646K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.33 | +0.008% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.46 | +0.117% | $3K | $217K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.35 | +0.025% | $757 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.51 | +0.159% | $30K | $18K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 119.32 | long leg | $380K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.25 | −0.059% | $429K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.917% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.30 | −0.017% | $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 | 119.45 | +0.109% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.23 | −0.075% | $12.0M | $4.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.32 | 0.000% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.20 | −0.101% | $240K | $401K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.28 | −0.034% | $1.2M | $4.5M | 10x | as long as short |
| Variational Omni BABA | +0.0086% | 8h | 119.53 | +0.173% | $269K | $658K | — | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 119.20 | −0.101% | $620K | $505K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.27 | −0.042% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 119.31 | −0.010% | $44K | $363K | 10x | as long as short |
| Binance BABAUSDT | +0.0146% | 8h | 119.34 | +0.020% | $15.8M | $29.2M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.30 | −0.017% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0941% | 8h | 119.33 | +0.008% | $2.5M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT