Funding you earn now, next payment 02:00 UTC+0.0161%/8h= +17.7% APRpaid last 24h +0.062%
Price spread now: Binance against Lighter RH+0.068%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$260.255% of the position
Funding, last 7 days+0.125%+$12 on $10k
+Price spread, last 2 days (all we have)+0.002%$0 · spread now +0.068%, 7d avg +0.045%
=Together, before fees+0.126%+ Points / potential airdropLighter RH: Points live · farm board+$13 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Binance is 0.023% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.045%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 117.22 | 0.0032 | pay 0.0004% / 1h | 21m 43s | $424K | $498K | 10x |
| Short | Binance BABAUSDT | 117.30 | 0.0193 | get 0.0193% / 8h | 6h 21m | $15.7M | $23.4M | 20x |
Lighter RH BABA
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.9
- Price spread: +0.068% → +0.045%
- $2.33
- Slippage, 4 orders
- −$15.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $10.73
- Costs to cover
- 0.255%
- Break-even
- 4.8 days
Slippage from Lighter RH: live order book, 46 min ago; Binance: live order book, 4 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 RH live order book, 46 min ago | 2.14 bp | 2.5 bp −$2 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.70 bp | 9.3 bp −$9 | 24.9 bp −$249 | 89.7 bp −$8,969 | 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 | 117.22 | +0.003% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.26 | +0.034% | $2.2M | $566K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.35 | +0.111% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.29 | +0.060% | $690 | $3.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.85 | +0.537% | $38K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0023% | 8h | 117.29 | +0.060% | $3K | $228K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.41 | +0.162% | $387K | $45K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 117.22 | long leg | $424K | $498K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.177% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.18 | −0.034% | $1.2M | $4.6M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter 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 | 117.59 | +0.316% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.38 | +0.136% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.20 | −0.017% | $12.2M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.06 | −0.136% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.51 | +0.247% | $242K | $371K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.30 | +0.068% | $611K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.13 | −0.077% | $2K | $532 | 10x | as long as short |
| Bitget BABAUSDT | +0.0115% | 8h | 117.35 | +0.111% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | +0.0156% | 8h | 117.67 | +0.380% | $265K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.30 | +0.072% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDTshort | +0.0193% | 8h | 117.30 | +0.068% | $15.7M | $23.4M | 20x | |
| Phoenix BABA | +0.0205% | 1h | 117.65 | +0.367% | $66K | $71K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Variational Omni BABA
Extended BABA_24_5-USD
Phoenix BABA