Funding you earn now, next payment 03:00 UTC+0.0014%/8h= +1.5% APRnext payment +$0.02 per $10,000 · paid last 24h +0.002%
Price spread now: Vest against Lighter−0.051%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · Vest: Active · farm boardneeds both histories
Funding pays, the price is against you. Vest is 0.051% cheaper against Lighter than usual: you would sell low and buy high (spread −0.051% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 12 days of funding at the current rate ($0 a day). The two prices were read 46 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 | 118.01 | 0.0032 | pay 0.0004% / 1h | 56m 40s | $388K | $46K | 10x |
| Short | Vest BABA-USD-PERP | 117.95 | 0.0046 | get 0.0006% / 1h | 56m 40s | — | $18K | 10x |
Lighter BABA
Vest BABA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Vest 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
- $2.87
- Price spread: −0.051% → 0.000%
- −$5.08
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Vest: 1 bp × 2 orders
- −$2
- Net
- −$4.21
- Costs to cover
- 0.020%
- Break-even
- 17.3 days
Slippage unknown: Lighter: live order book, 63 min ago; Vest: no order-book sample. Net counts fees only.
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, 63 min ago | 10.67 bp | 19.0 bp −$19 | 21.1 bp −$211 | 66.4 bp −$6,645 | doesn't fit |
| Sell Vest no order-book sample | — | — | — | — | — |
Vest: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 117.84 | −0.140% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.92 | −0.076% | $2.2M | $579K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.95 | −0.051% | $1.5M | $1.6M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 117.79 | −0.191% | $3K | $222K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.97 | −0.034% | $572 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.91 | −0.085% | $35K | $8K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 118.01 | long leg | $388K | $46K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.86 | −0.127% | $427K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.839% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.92 | −0.076% | $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-PERPshort | +0.0046% | 1h | 117.95 | −0.051% | — | $18K | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.89 | −0.102% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.74 | −0.229% | $236K | $372K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0053% | 1h | 117.91 | −0.085% | $12.1M | $3.5M | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 117.94 | −0.059% | $1.2M | $4.5M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.84 | −0.144% | $613K | $524K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.93 | −0.068% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0122% | 8h | 118.22 | +0.182% | $266K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.93 | −0.066% | $46K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0180% | 8h | 117.97 | −0.034% | $15.6M | $23.9M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.86 | −0.127% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0271% | 8h | 117.91 | −0.085% | $2.5M | $1.3M | 20x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
tradeXYZ xyz:BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT