BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.066%

Price spread now: Phoenix against Lighter RH−0.245%7-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 Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.372%+$37 on $10k

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 pays, the price is against you. Phoenix is 0.245% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.245% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 4.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BABA	118.55	0.0032	pay 0.0004% / 1h	22m 55s	$437K	$506K	10x
Short	Phoenix BABA	118.26	0.0201	get 0.0025% / 1h	22m 55s	$66K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.245%Rate

Funding earned: $35.48
Price spread: −0.245% → 0.000%: −$24.46
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.02
Costs to cover: 0.070%
Break-even: 6.2 days

Slippage unknown: Lighter RH: live order book, 34 min ago; Phoenix: 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, 34 min ago	3.35 bp	3.6 bp −$4	14.6 bp −$146	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	118.64	+0.075%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.61	+0.051%	$2.1M	$693K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.51	−0.034%	$1.5M	$1.9M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	118.55	0.000%	$735	$3.5M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.42	−0.110%	$30K	$18K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0008%	8h	118.33	−0.187%	$3K	$216K	10x	as long as short
Lighter BABA	+0.0032%	1h	118.61	+0.051%	$377K	$73K	10x	as long as short
Lighter RH BABAlong	+0.0032%	1h	118.55	long leg	$437K	$506K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.286%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.29	−0.219%	$72K	$109K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	118.46	−0.076%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.46	−0.076%	$11.9M	$4.1M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.48	−0.059%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.30	−0.211%	$240K	$405K	10x	as long as short
QFEX BABA-USD	+0.0068%	1h	118.50	−0.042%	$1.2M	$4.2M	10x	as long as short
Variational Omni BABA	+0.0072%	8h	118.34	−0.175%	$266K	$658K	—	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.41	−0.118%	$617K	$486K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.52	−0.025%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0144%	1h	118.50	−0.042%	$44K	$358K	10x	as long as short
Binance BABAUSDT	+0.0146%	8h	118.53	−0.017%	$15.8M	$29.8M	20x	as long as short
Phoenix BABAshort	+0.0201%	1h	118.26	−0.245%	$66K	$90K	10x
Bitget BABAUSDT	+0.0628%	8h	118.61	+0.051%	$2.4M	$1.7M	20x	as long as short