Funding you earn now, next payment 05:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Bybit against Lighter RH−0.017%7-day average +0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$380.384% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now −0.017%, 7d avg +0.058%
=Together, before fees−0.038%+ Points / potential airdropLighter RH: Points live · farm board−$4 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 Bybit is 0.075% cheaper against Lighter RH than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.058%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 118.16 | 0.0032 | pay 0.0004% / 1h | 52m 25s | $437K | $507K | 10x |
| Short | Bybit BABAUSDT | 118.14 | 0 | get 0.0000% / 8h | 3h 52m | $2.1M | $698K | 25x |
Lighter RH BABA
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$6.72
- Price spread: −0.017% → +0.058%
- −$7.53
- Slippage, 4 orders
- −$27.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$52.65
- Costs to cover
- 0.384%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 65 min ago; Bybit: 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, 65 min ago | 3.35 bp | 3.6 bp −$4 | 14.6 bp −$146 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 3.38 bp | 16.3 bp −$16 | 91.6 bp −$916 | 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 | 118.19 | +0.025% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 118.14 | −0.017% | $2.1M | $698K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.19 | +0.025% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.20 | +0.034% | $636 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.22 | +0.051% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 118.32 | +0.135% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.22 | +0.051% | $376K | $73K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 118.16 | long leg | $437K | $507K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.963% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.16 | 0.000% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter 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 | 118.18 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.06 | −0.085% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.11 | −0.042% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.14 | −0.017% | $238K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.16 | 0.000% | $1.2M | $4.0M | 10x | as long as short |
| Variational Omni BABA | +0.0061% | 8h | 118.15 | −0.005% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.13 | −0.025% | $615K | $465K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.18 | +0.017% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.14 | −0.019% | $44K | $355K | 10x | as long as short |
| Binance BABAUSDT | +0.0130% | 8h | 118.15 | −0.011% | $15.6M | $30.5M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.09 | −0.059% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0404% | 8h | 118.17 | +0.008% | $2.4M | $1.7M | 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