Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: Gate against Lighter RH+0.008%7-day average +0.065% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$46as in the Price arb table
costs, in and out, $10k−$400.404% of the position
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.008%, 7d avg +0.065%
=Together, before fees+0.144%+ Points / potential airdropLighter RH: Points live · farm board+$14 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 Gate is 0.056% cheaper against Lighter RH than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.065%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 118.43 | 0.0032 | pay 0.0004% / 1h | 54m 32s | $438K | $509K | 10x |
| Short | Gate BABA_USDT | 118.44 | 0 | get 0.0000% / 8h | 2h 54m | $1.5M | $1.9M | 50x |
Lighter RH BABA
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: +0.008% → +0.065%
- −$5.61
- Slippage, 4 orders
- −$25.43
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$52.76
- Costs to cover
- 0.404%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 58 min ago; Gate: live order book, 3 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, 58 min ago | 1.69 bp | 2.7 bp −$3 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Gate live order book, 3 min ago | 3.39 bp | 20.6 bp −$21 | 217.8 bp −$2,178 | 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 | 118.34 | −0.077% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.44 | +0.008% | $2.1M | $710K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 118.44 | +0.008% | $1.5M | $1.9M | 50x | |
| SunX BABA-USDT | 0.0000% | 8h | 118.50 | +0.059% | $774 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.50 | +0.059% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.48 | +0.042% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 118.43 | long leg | $438K | $509K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.187% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.24 | −0.160% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.40 | −0.025% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BABA_USDT_Perp | +0.0048% | 8h | 118.05 | −0.320% | $3K | $194K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.32 | −0.093% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.36 | −0.059% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.09 | −0.287% | $238K | $408K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 118.41 | −0.017% | $1.2M | $3.6M | 10x | as long as short |
| Variational Omni BABA | +0.0084% | 8h | 118.31 | −0.102% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.25 | −0.152% | $615K | $445K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.49 | +0.051% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.42 | −0.010% | $43K | $354K | 10x | as long as short |
| Binance BABAUSDT | +0.0161% | 8h | 118.45 | +0.017% | $15.7M | $30.9M | 20x | as long as short |
| Bitget BABAUSDT | +0.0187% | 8h | 118.41 | −0.017% | $2.4M | $1.7M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.03 | −0.338% | $66K | $90K | 10x | as long as short |
GRVT BABA_USDT_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
Bitget BABAUSDT
Phoenix BABA