Funding you earn now, next payment 20:00 UTC−0.0018%/8hnext payment −$0.02 per $10,000 · paid last 24h −0.025%
Price spread now: Lighter RH against Ondo Perps+0.199%7-day average +0.040% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 3 days (all we have)−0.132%−$13 · spread now +0.199%, 7d avg +0.040%
=Together, before fees−0.205%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.158% dearer against Ondo Perps than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.040%): +$16 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 29 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 115.79 | 0.0050 | pay 0.0006% / 1h | 5m 08s | $248K | $328K | 10x |
| Short | Lighter RH BABA | 116.02 | 0.0032 | get 0.0004% / 1h | 5m 08s | $451K | $458K | 10x |
Ondo Perps BABA-USD.P
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.199% → +0.040%
- $15.84
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- $6.97
- Costs to cover
- 0.050%
- Break-even
- from the start
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 26 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 RH live order book, 26 min ago | 1.73 bp | 2.2 bp −$2 | 8.5 bp −$85 | doesn't fit | 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 | 115.92 | +0.114% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 115.98 | +0.164% | $2.2M | $585K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 115.99 | +0.173% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 115.98 | +0.164% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.00 | +0.185% | $289K | $606K | — | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.00 | +0.181% | $821 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.04 | +0.216% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0031% | 8h | 116.00 | +0.179% | $3K | $269K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.02 | +0.199% | $451K | $458K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | +0.043% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0040% | 1h | 116.14 | +0.302% | $384K | $50K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.91 | +0.104% | — | $9K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.90 | +0.095% | $10K | $253K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 115.79 | long leg | $248K | $328K | 10x | |
| QFEX BABA-USD | +0.0054% | 1h | 115.98 | +0.164% | $1.2M | $4.9M | 10x | as long as short |
| Binance BABAUSDT | +0.0060% | 8h | 116.00 | +0.181% | $15.4M | $19.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0064% | 1h | 115.97 | +0.158% | $18K | $359K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.95 | +0.138% | $601K | $754K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 115.99 | +0.173% | $2K | $1K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0126% | 1h | 115.94 | +0.130% | $12.1M | $2.9M | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.05 | +0.225% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0637% | 1h | 115.96 | +0.147% | $79K | $93K | 10x | as long as short |
Lighter BABA
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
QFEX BABA-USD
Binance BABAUSDT
Extended BABA_24_5-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Phoenix BABA
Arcus BABA-USD