Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.004%
Price spread now: GRVT against Lighter RH+0.158%49s7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.244% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.158%, 7d avg +0.099%
=Together, before fees−0.185%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$18 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.059% dearer against Lighter RH than usual: you sell high and buy low (spread +0.158% now, against its 7-day average of +0.099%): +$6 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.1 days. The two prices were read 49 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 RH BABA | 117.87 | 0.0032 | pay 0.0004% / 1h | 0m 31s | $426K | $502K | 10x |
| Short | GRVT BABA_USDT_Perp | 118.06 | 0 | get 0.0000% / 8h | 6h 00m | $3K | $223K | 10x |
Lighter RH BABA
GRVT BABA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.158% → +0.099%
- $5.88
- Slippage, 4 orders
- −$15.42
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$25.26
- Costs to cover
- 0.244%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; GRVT: live order book, 2 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, 2 min ago | 3.38 bp | 3.9 bp −$4 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 2.11 bp | 10.3 bp −$10 | 47.4 bp −$474 | 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 | 117.75 | −0.101% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.88 | +0.008% | $2.2M | $569K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.84 | −0.025% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perpshort | 0.0000% | 8h | 118.06 | +0.158% | $3K | $223K | 10x | |
| SunX BABA-USDT | 0.0000% | 8h | 118.23 | +0.305% | $786 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.11 | +0.204% | $38K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.96 | +0.076% | $388K | $46K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 117.87 | long leg | $426K | $502K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.722% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.81 | −0.051% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
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 | 118.04 | +0.144% | $72K | $109K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.93 | +0.051% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.84 | −0.025% | $12.1M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.18 | +0.263% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.76 | −0.093% | $238K | $373K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.85 | −0.017% | $614K | $524K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.25 | +0.322% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0122% | 8h | 118.22 | +0.301% | $266K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0180% | 8h | 117.80 | −0.063% | $15.6M | $23.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.83 | −0.035% | $46K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 118.01 | +0.119% | $66K | $71K | 10x | as long as short |
| Bitget BABAUSDT | +0.0237% | 8h | 117.86 | −0.008% | $2.5M | $1.3M | 20x | 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
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT