Funding you earn now, next payment 03:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: SunX against Lighter−0.184%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$193as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1701.698% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+0.334%+$33 · spread now −0.184%, 7d avg −0.076%
=Together, before fees+0.101%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.109% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.076%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 119.39 | 0.0032 | pay 0.0004% / 1h | 12m 31s | $380K | $72K | 10x |
| Short | SunX BABA-USDT | 119.17 | 0 | get 0.0000% / 8h | 5h 12m | $604 | $3.6M | 20x |
Lighter BABA
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.184% → −0.076%
- −$10.87
- Slippage, 4 orders
- −$161.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$187.43
- Costs to cover
- 1.698%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 42 min ago; SunX: live order book, 5 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, 42 min ago | 11.44 bp | 13.1 bp −$13 | 15.8 bp −$158 | 62.0 bp −$6,200 | doesn't fit |
| Sell SunX live order book, 5 min ago | 46.05 bp | 64.8 bp −$65 | 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 | 119.28 | −0.094% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.45 | +0.050% | $2.2M | $643K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.32 | −0.059% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.27 | −0.936% | $3K | $218K | 10x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 119.17 | −0.184% | $604 | $3.6M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 118.90 | −0.410% | $30K | $18K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 119.39 | long leg | $380K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.29 | −0.084% | $429K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.973% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.74 | −0.544% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 119.31 | −0.067% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.21 | −0.151% | $12.0M | $4.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.29 | −0.084% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.22 | −0.142% | $239K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.37 | −0.017% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0083% | 8h | 118.43 | −0.802% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.20 | −0.159% | $621K | $508K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.13 | −0.218% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 119.33 | −0.051% | $44K | $363K | 10x | as long as short |
| Binance BABAUSDT | +0.0154% | 8h | 119.41 | +0.017% | $15.8M | $28.8M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.72 | −0.561% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0867% | 8h | 119.35 | −0.034% | $2.5M | $1.6M | 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
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT