Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter RH against QFEX+0.009%7-day average −0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$190.194% of the position
Funding, last 3 days (all we have)+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.009%, 7d avg −0.050%
=Together, before fees−0.010%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.059% dearer against QFEX than usual: you sell high and buy low (spread +0.009% now, against its 7-day average of −0.050%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 13 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 116.33 | 0.0047 | pay 0.0006% / 1h | 20m 40s | $1.2M | $5.2M | 10x |
| Short | Lighter RH BABA | 116.34 | 0.0032 | get 0.0004% / 1h | 20m 40s | $446K | $590K | 10x |
QFEX BABA-USD
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against QFEX. 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
- −$3.06
- Price spread: +0.009% → −0.050%
- $5.86
- Slippage, 4 orders
- −$9.36
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$16.57
- Costs to cover
- 0.194%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 3 min ago; Lighter RH: live order book, 57 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 QFEX live order book, 3 min ago | 2.15 bp | 7.1 bp −$7 | 8.6 bp −$86 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 57 min ago | 1.72 bp | 2.5 bp −$2 | 10.1 bp −$101 | doesn't fit | 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 | 116.28 | −0.042% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.36 | +0.026% | $2.2M | $601K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.35 | +0.017% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.36 | +0.026% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.33 | 0.000% | $742 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.38 | +0.043% | $37K | $2K | 20x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.34 | +0.009% | $446K | $590K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.421% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.23 | −0.086% | — | $9K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0047% | 1h | 116.33 | long leg | $1.2M | $5.2M | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.21 | −0.103% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.10 | −0.198% | $242K | $353K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.23 | −0.086% | $603K | $584K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.34 | +0.009% | $2K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 116.32 | −0.009% | $301K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0109% | 8h | 116.30 | −0.023% | $2K | $246K | 10x | as long as short |
| Lighter BABA | +0.0112% | 1h | 116.51 | +0.155% | $385K | $50K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0148% | 1h | 116.25 | −0.069% | $12.1M | $3.1M | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 116.34 | +0.007% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0181% | 8h | 116.36 | +0.026% | $15.4M | $21.9M | 20x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.36 | +0.026% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.35 | +0.017% | $77K | $97K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
GRVT BABA_USDT_Perp
Lighter BABA
tradeXYZ xyz:BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD