Settings8H · net · $10k
Funding arb · Price arb /

BABA

RWAall BABA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%
Price spread now: Lighter against Lighter RH+0.150%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$420.424% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.165%+$16 on $10k
Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.150%, 7d avg +0.145%
Together, before fees+0.195%+ Points / potential airdropLighter RH: Points live · Lighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH BABA119.710.0032pay 0.0004% / 1h51m 38s$436K$509K10x
ShortLighter BABA119.890.0032get 0.0004% / 1h51m 38s$384K$73K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$0
Price spread: +0.150% → +0.145%
$0.56
Slippage, 4 orders
−$42.36
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$41.8
Costs to cover
0.424%
Break-even
never at this rate
Slippage from Lighter RH: live order book, 58 min ago; Lighter: live order book, 54 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 58 min ago4.20 bp4.2 bp −$47.4 bp −$74doesn't fitdoesn't fit
Sell Lighter live order book, 54 min ago9.66 bp23.6 bp −$2433.3 bp −$33380.0 bp −$8,003doesn't fit

BABA on 22 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BABAUSDT0.0000%8h119.69−0.013%$70K$40K20xas long as short
Bybit BABAUSDT0.0000%8h119.84+0.109%$2.2M$711K25xas long as short
Gate BABA_USDT0.0000%8h119.76+0.042%$1.5M$2.0M50xas long as short
Bitget BABAUSDT0.0000%8h119.74+0.025%$2.3M$2.2M20xas long as short
SunX BABA-USDT0.0000%8h119.79+0.067%$744$2.5M20xas long as short
HTX BABA-USDT0.0000%8h119.77+0.050%$30K$19K20xas long as short
QFEX BABA-USD+0.0029%1h119.73+0.017%$1.2M$2.9M10xas long as short
Lighter BABAshort+0.0032%1h119.89+0.150%$384K$73K10x
Lighter RH BABAlong+0.0032%1h119.71long leg$436K$509K10x
Injective BABA/USDC PERP+0.0033%1h115.84−3.233%$11K$26K12xas long as short
Show all 22 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BABA-USD+0.0040%1h119.67−0.033%$72K$134K10xas long as short
Vest BABA-USD-PERP+0.0046%1h119.88+0.142%$19K10xas long as short
Polymarket Perps BABA-USD+0.0050%1h119.73+0.017%$8K$177K10xas long as short
Ondo Perps BABA-USD.P+0.0050%1h119.67−0.033%$213K$446K10xas long as short
tradeXYZ xyz:BABA+0.0076%1h119.710.000%$12.0M$4.8M10xas long as short
KuCoin BABAUSDTM+0.0100%8h119.64−0.058%$623K$517K20xas long as short
Orderly PERP_BABA_USDC_mythos+0.0100%8h119.79+0.067%$2K$79810xas long as short
Variational Omni BABA+0.0223%8h119.93+0.187%$375K$672Kas long as short
Binance BABAUSDT+0.0266%8h119.74+0.027%$15.2M$33.7M20xas long as short
GRVT BABA_USDT_Perp+0.0266%8h119.93+0.184%$3K$180K10xas long as short
Phoenix BABA+0.0267%1h119.76+0.042%$67K$109K10xas long as short
Extended BABA_24_5-USD+0.0272%1h119.70−0.009%$47K$312K10xas long as short