Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.012%
Price spread now: tradeXYZ against Lighter−0.111%7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.095%−$10 · spread now −0.111%, 7d avg −0.175%
=Together, before fees−0.141%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$14 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 tradeXYZ is 0.064% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.175%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.42 | 0.0032 | pay 0.0004% / 1h | 38m 37s | $387K | $44K | 10x |
| Short | tradeXYZ xyz:BABA | 117.29 | 0.0050 | get 0.0006% / 1h | 38m 37s | $12.3M | $3.4M | 10x |
Lighter BABA
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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: −0.111% → −0.175%
- $6.41
- Slippage, 4 orders
- −$42.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$50.74
- Costs to cover
- 0.609%
- Break-even
- 101.0 days
Slippage from Lighter: live order book, 21 min ago; tradeXYZ: live order book, 10 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 | 10.67 bp | 19.0 bp −$19 | 21.1 bp −$211 | 66.4 bp −$6,645 | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.86 bp | 11.7 bp −$12 | 22.4 bp −$224 | 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 | 117.20 | −0.184% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.38 | −0.034% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.40 | −0.017% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.39 | −0.026% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.31 | −0.094% | $814 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.33 | −0.077% | $37K | $2K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.42 | long leg | $387K | $44K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.38 | −0.034% | $424K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.346% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.41 | −0.009% | $1.2M | $4.6M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.16 | −0.221% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.18 | −0.204% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 117.29 | −0.111% | $12.3M | $3.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.15 | −0.230% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.16 | −0.221% | $238K | $370K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0064% | 8h | 117.12 | −0.259% | $3K | $230K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.24 | −0.153% | $610K | $532K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.28 | −0.119% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0160% | 8h | 117.23 | −0.165% | $303K | $619K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | −0.307% | $66K | $71K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.39 | −0.023% | $43K | $370K | 10x | as long as short |
| Binance BABAUSDT | +0.0210% | 8h | 117.42 | −0.004% | $15.6M | $23.3M | 20x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Extended BABA_24_5-USD
Binance BABAUSDT