Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter against SunX−0.059%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1661.659% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)+0.170%+$17 · spread now −0.059%, 7d avg +0.075%
=Together, before fees+0.403%+ Points / potential airdropLighter: Season 3 · farm board+$40 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.135% cheaper against SunX than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.075%). If the spread goes back, that is −$13 on $10k: about 14 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.233% in total) that is about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BABA-USDT | 117.65 | 0 | get 0.0000% / 8h | 6h 25m | $884 | $3.9M | 20x |
| Short | Lighter BABA | 117.58 | 0.0032 | get 0.0004% / 1h | 25m 26s | $387K | $45K | 10x |
SunX BABA-USDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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
- $6.72
- Price spread: −0.059% → +0.075%
- −$13.5
- Slippage, 4 orders
- −$157.92
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$172.69
- Costs to cover
- 1.659%
- Break-even
- 186.9 days
Slippage from SunX: live order book, 3 min ago; Lighter: live order book, 34 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 SunX live order book, 3 min ago | 45.33 bp | 63.4 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 34 min ago | 10.67 bp | 19.4 bp −$19 | 29.1 bp −$291 | 76.8 bp −$7,678 | 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 | 117.70 | +0.039% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.26 | −0.331% | $2.2M | $563K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.43 | −0.187% | $1.5M | $1.5M | 50x | as long as short |
| SunX BABA-USDTlong | 0.0000% | 8h | 117.65 | long leg | $884 | $3.9M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.71 | +0.051% | $38K | $2K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.58 | −0.059% | $387K | $45K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.51 | −0.119% | $425K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.538% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.22 | −0.365% | $1.2M | $4.6M | 10x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.58 | −0.059% | $74K | $101K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USD
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 | 117.38 | −0.229% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.11 | −0.459% | $12.2M | $3.6M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.21 | −0.374% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.16 | −0.416% | $242K | $370K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0071% | 8h | 117.66 | +0.008% | $3K | $228K | 10x | as long as short |
| Bitget BABAUSDT | +0.0081% | 8h | 117.28 | −0.314% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.43 | −0.187% | $611K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.78 | +0.110% | $1K | $532 | 10x | as long as short |
| Variational Omni BABA | +0.0156% | 8h | 117.67 | +0.013% | $265K | $658K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.65 | 0.000% | $66K | $71K | 10x | as long as short |
| Binance BABAUSDT | +0.0206% | 8h | 117.27 | −0.322% | $15.7M | $23.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.54 | −0.091% | $43K | $366K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
Bitget BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Binance BABAUSDT
Extended BABA_24_5-USD