Funding you earn now, next payment 11:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.021%
Price spread now: Lighter RH against Orderly−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter RH is 0.033% cheaper against Orderly than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_BABA_USDC_mythos | 119.91 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $2K | $798 | 10x |
| Short | Lighter RH BABA | 119.87 | 0.0032 | get 0.0004% / 1h | 57m 10s | $436K | $509K | 10x |
Orderly PERP_BABA_USDC_mythos
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Orderly. 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
- −$14.28
- Price spread: −0.033% → 0.000%
- −$3.34
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$23.62
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Lighter RH: live order book, 53 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 53 min ago | 4.20 bp | 4.9 bp −$5 | 12.2 bp −$122 | doesn't fit | doesn't fit |
Orderly: 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 exchanges
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 | 119.81 | −0.086% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 120.02 | +0.092% | $2.2M | $709K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.95 | +0.033% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.97 | +0.050% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.96 | +0.042% | $619 | $2.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.99 | +0.067% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USD | +0.0029% | 1h | 119.90 | −0.008% | $1.2M | $2.9M | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.98 | +0.058% | $384K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 119.87 | −0.033% | $436K | $509K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.394% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
QFEX BABA-USD
Lighter BABA
Injective BABA/USDC PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 119.84 | −0.058% | $72K | $134K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 120.00 | +0.075% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.80 | −0.092% | $8K | $177K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.83 | −0.067% | $220K | $442K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.81 | −0.083% | $624K | $511K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythoslong | +0.0100% | 8h | 119.91 | long leg | $2K | $798 | 10x | |
| Variational Omni BABA | +0.0215% | 8h | 119.58 | −0.274% | $374K | $672K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0234% | 1h | 119.89 | −0.017% | $12.0M | $4.9M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0250% | 8h | 119.77 | −0.117% | $3K | $181K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0264% | 1h | 119.93 | +0.014% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0267% | 8h | 119.95 | +0.033% | $15.2M | $33.6M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 119.56 | −0.292% | $67K | $88K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Variational Omni BABA
tradeXYZ xyz:BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA