Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Polymarket Perps against Lighter−0.117%45s7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.563% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.117%, 7d avg −0.149%
=Together, before fees−0.160%+ Points / potential airdropLighter: Season 3 · farm board−$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.033% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.149%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 119.93 | 0.0032 | pay 0.0004% / 1h | 31m 40s | $381K | $69K | 10x |
| Short | Polymarket Perps BABA-USD | 119.79 | 0.0050 | get 0.0006% / 1h | 31m 40s | $10K | $264K | 10x |
Lighter BABA
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.117% → −0.149%
- $3.26
- Slippage, 4 orders
- −$48.32
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$49.28
- Costs to cover
- 0.563%
- Break-even
- 98.3 days
Slippage from Lighter: live order book, 23 min ago; Polymarket Perps: live order book, 30 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, 23 min ago | 11.44 bp | 13.1 bp −$13 | 15.8 bp −$158 | 62.0 bp −$6,200 | doesn't fit |
| Sell Polymarket Perps live order book, 30 min ago | 3.38 bp | 8.2 bp −$8 | 8.2 bp −$82 | 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 | 119.84 | −0.078% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 120.00 | +0.058% | $2.2M | $629K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.89 | −0.033% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.45 | −0.397% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.89 | −0.033% | $746 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.74 | −0.158% | $35K | $8K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 119.93 | long leg | $381K | $69K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.86 | −0.058% | $433K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.410% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.39 | −0.450% | $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 | 119.88 | −0.042% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.81 | −0.100% | $12.2M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 119.79 | −0.117% | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.38 | −0.459% | $244K | $385K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.78 | −0.125% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 119.43 | −0.420% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.88 | −0.042% | $624K | $514K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.98 | +0.042% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.90 | −0.028% | $44K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0163% | 8h | 119.90 | −0.025% | $16.1M | $25.9M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.43 | −0.417% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0658% | 8h | 119.87 | −0.050% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT