Funding you earn now, next payment 09:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Polymarket Perps+0.171%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$640.635% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now +0.171%, 7d avg +0.147%
=Together, before fees+0.159%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.024% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of +0.147%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 117.01 | 0.0050 | pay 0.0006% / 1h | 51m 32s | $8K | $281K | 10x |
| Short | Lighter BABA | 117.21 | 0.0032 | get 0.0004% / 1h | 51m 32s | $373K | $71K | 10x |
Polymarket Perps BABA-USD
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket 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
- −$3.78
- Price spread: +0.171% → +0.147%
- $2.41
- Slippage, 4 orders
- −$55.51
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.88
- Costs to cover
- 0.635%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 46 min ago; Lighter: live order book, 38 min ago.
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 Polymarket Perps live order book, 46 min ago | 3.43 bp | 7.4 bp −$7 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 38 min ago | 11.95 bp | 29.2 bp −$29 | 32.4 bp −$324 | 77.7 bp −$7,771 | doesn't fit |
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 | 117.05 | +0.033% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.17 | +0.137% | $2.1M | $726K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.21 | +0.171% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.17 | +0.137% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.19 | +0.154% | $813 | $2.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.24 | +0.197% | $30K | $19K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.21 | +0.171% | $373K | $71K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.13 | +0.103% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.000% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.08 | +0.060% | $70K | $140K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.06 | +0.043% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.06 | +0.043% | $12.0M | $4.6M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 117.01 | long leg | $8K | $281K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.04 | +0.026% | $231K | $421K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.14 | +0.111% | $1.2M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.99 | −0.017% | $610K | $399K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.18 | +0.145% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0106% | 8h | 117.19 | +0.154% | $338K | $779K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0130% | 8h | 117.16 | +0.132% | $3K | $184K | 10x | as long as short |
| Binance BABAUSDT | +0.0167% | 8h | 117.18 | +0.145% | $15.3M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0168% | 1h | 117.15 | +0.120% | $43K | $311K | 10x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.15 | +0.120% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
GRVT BABA_USDT_Perp
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA