Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against tradeXYZ+0.118%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$740.738% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.118%, 7d avg +0.173%
=Together, before fees+0.149%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.055% cheaper against tradeXYZ than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.173%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, 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 | tradeXYZ xyz:BABA | 118.20 | 0.0050 | pay 0.0006% / 1h | 15m 23s | $12.0M | $4.2M | 10x |
| Short | Lighter BABA | 118.34 | 0.0032 | get 0.0004% / 1h | 15m 23s | $377K | $73K | 10x |
tradeXYZ xyz:BABA
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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: +0.118% → +0.173%
- −$5.46
- Slippage, 4 orders
- −$55.83
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$83.07
- Costs to cover
- 0.738%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 3 min ago; Lighter: live order book, 29 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 tradeXYZ live order book, 3 min ago | 0.85 bp | 14.1 bp −$14 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 29 min ago | 7.59 bp | 33.5 bp −$34 | 37.7 bp −$377 | 83.5 bp −$8,346 | 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 | 118.40 | +0.165% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.27 | +0.059% | $2.1M | $706K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.27 | +0.059% | $1.5M | $2.0M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.28 | +0.068% | $603 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.31 | +0.093% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 118.30 | +0.081% | $3K | $193K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.34 | +0.118% | $377K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.24 | +0.034% | $437K | $508K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.997% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.27 | +0.059% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | 118.28 | +0.068% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 118.20 | long leg | $12.0M | $4.2M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.21 | +0.008% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.13 | −0.059% | $237K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.27 | +0.059% | $1.2M | $3.7M | 10x | as long as short |
| Variational Omni BABA | +0.0057% | 8h | 118.26 | +0.054% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.13 | −0.059% | $615K | $460K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.27 | +0.059% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.26 | +0.048% | $43K | $354K | 10x | as long as short |
| Binance BABAUSDT | +0.0132% | 8h | 118.31 | +0.092% | $15.7M | $30.7M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.24 | +0.034% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0266% | 8h | 118.31 | +0.093% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT