Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Ondo Perps−0.144%55s7-day average +0.193% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.388%+$39 · spread now −0.144%, 7d avg +0.193%
=Together, before fees+0.480%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$48 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 Lighter is 0.337% cheaper against Ondo Perps than usual: you would sell low and buy high (−$34 if the spread goes back to its 7-day average of +0.193%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you. The two prices were read 55 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 | Ondo Perps BABA-USD.P | 118.13 | 0.0050 | pay 0.0006% / 1h | 0m 46s | $238K | $373K | 10x |
| Short | Lighter BABA | 117.96 | 0.0032 | get 0.0004% / 1h | 0m 46s | $388K | $46K | 10x |
Ondo Perps BABA-USD.P
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: −0.144% → +0.193%
- −$33.66
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$42.53
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 59 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 59 min ago | 10.67 bp | 19.4 bp −$19 | 29.1 bp −$291 | 76.8 bp −$7,678 | doesn't fit |
Ondo Perps: 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 | 117.96 | −0.145% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.92 | −0.178% | $2.2M | $568K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.02 | −0.093% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.06 | −0.063% | $3K | $223K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.23 | +0.085% | $786 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.11 | −0.017% | $38K | $2K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.96 | −0.144% | $388K | $46K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.87 | −0.220% | $426K | $502K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.939% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 118.21 | +0.068% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter RH 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 | 118.03 | −0.085% | $72K | $109K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.25 | +0.102% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.84 | −0.245% | $12.1M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.18 | +0.042% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 118.13 | long leg | $238K | $373K | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.85 | −0.237% | $614K | $524K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.25 | +0.102% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0122% | 8h | 118.22 | +0.080% | $266K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0180% | 8h | 117.87 | −0.218% | $15.6M | $23.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0184% | 1h | 117.96 | −0.140% | $46K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 118.01 | −0.102% | $66K | $71K | 10x | as long as short |
| Bitget BABAUSDT | +0.0217% | 8h | 117.97 | −0.135% | $2.5M | $1.3M | 20x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT