BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Injective against Lighter RH−2.030%67s7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 2.030% cheaper against Lighter RH than usual: you would sell low and buy high, −$203 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 67 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	118.24	0.0032	pay 0.0004% / 1h	51m 48s	$438K	$509K	10x
Short	Injective BABA/USDC PERP	115.84	0.0033	get 0.0004% / 1h	51m 48s	$11K	$26K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −2.030%Rate

Funding earned: $0.28
Price spread: −2.030% → 0.000%: −$202.98
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$202.72
Costs to cover: 0.000%
Break-even: 5075.1 days

Slippage unknown: Lighter RH: live order book, 61 min ago; Injective: 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, 61 min ago	1.69 bp	2.7 bp −$3	6.1 bp −$61	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 BABAUSDT	0.0000%	8h	118.28	+0.033%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.23	−0.008%	$2.1M	$711K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.30	+0.051%	$1.5M	$1.9M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	118.26	+0.017%	$979	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.50	+0.220%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	118.30	+0.051%	$376K	$73K	10x	as long as short
Lighter RH BABAlong	+0.0032%	1h	118.24	long leg	$438K	$509K	10x
Injective BABA/USDC PERPshort	+0.0033%	1h	115.84	−2.030%	$11K	$26K	12x
Arcus BABA-USD	+0.0040%	1h	118.34	+0.085%	$72K	$110K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	118.29	+0.042%	—	$19K	10x	as long as short

Show 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	−0.160%	$3K	$194K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.14	−0.085%	$12.0M	$4.3M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.19	−0.042%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.38	+0.118%	$238K	$409K	10x	as long as short
QFEX BABA-USD	+0.0073%	1h	118.33	+0.076%	$1.2M	$3.6M	10x	as long as short
Variational Omni BABA	+0.0084%	8h	118.31	+0.059%	$266K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.19	−0.042%	$616K	$443K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.26	+0.017%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0160%	1h	118.25	+0.011%	$43K	$354K	10x	as long as short
Binance BABAUSDT	+0.0163%	8h	118.28	+0.033%	$15.7M	$31.0M	20x	as long as short
Bitget BABAUSDT	+0.0187%	8h	118.27	+0.025%	$2.4M	$1.7M	20x	as long as short
Phoenix BABA	+0.0271%	1h	118.46	+0.186%	$66K	$90K	10x	as long as short