Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter RH+0.084%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.084% dearer against Lighter RH than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BABA	116.95	0.0032	pay 0.0004% / 1h	6m 20s	$434K	$512K	10x
Short	Aster BABAUSDT	117.05	0	get 0.0000% / 8h	1h 06m	$68K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Lighter RH. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee AsterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$6.72
Price spread: +0.084% → 0.000%: $8.43
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$6.29
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 36 min ago; Aster: 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 RH live order book, 36 min ago	2.56 bp	3.2 bp −$3	7.9 bp −$79	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 BABAUSDTshort	0.0000%	8h	117.05	+0.084%	$68K	$36K	20x
Bybit BABAUSDT	0.0000%	8h	117.01	+0.051%	$2.1M	$732K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.98	+0.026%	$1.5M	$2.1M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.96	+0.009%	$2.3M	$1.9M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.97	+0.017%	$887	$3.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.09	+0.120%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0022%	8h	117.02	+0.056%	$2K	$192K	10x	as long as short
Lighter BABA	+0.0032%	1h	117.06	+0.094%	$373K	$72K	10x	as long as short
Lighter RH BABAlong	+0.0032%	1h	116.95	long leg	$434K	$512K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.949%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	116.95	0.000%	$71K	$110K	10x	as long as short
Variational Omni BABA	+0.0041%	8h	117.01	+0.054%	$364K	$747K	—	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.92	−0.026%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.86	−0.077%	$11.7M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.90	−0.043%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.86	−0.077%	$229K	$427K	10x	as long as short
QFEX BABA-USD	+0.0063%	1h	116.97	+0.017%	$1.2M	$3.0M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.88	−0.060%	$608K	$380K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.95	0.000%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0117%	8h	116.99	+0.034%	$15.1M	$32.5M	20x	as long as short
Extended BABA_24_5-USD	+0.0120%	1h	116.96	+0.006%	$44K	$293K	10x	as long as short
Phoenix BABA	+0.0204%	1h	116.95	0.000%	$65K	$89K	10x	as long as short