BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Vest+0.068%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.068% dearer against Vest than usual: you sell high and buy low (spread +0.068% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	117.86	0.0046	pay 0.0006% / 1h	57m 59s	—	$18K	10x
Short	Lighter BABA	117.94	0.0032	get 0.0004% / 1h	57m 59s	$388K	$46K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Vest. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$2.87
Price spread: +0.068% → 0.000%: $6.79
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.91
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter: live order book, 62 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter live order book, 62 min ago	10.67 bp	19.4 bp −$19	29.1 bp −$291	76.8 bp −$7,678	doesn't fit

Vest: 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 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	117.79	−0.056%	$77K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.92	+0.051%	$2.2M	$579K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.87	+0.008%	$1.5M	$1.6M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	118.06	+0.166%	$3K	$223K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	117.82	−0.034%	$938	$3.6M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.75	−0.093%	$37K	$2K	20x	as long as short
Lighter BABAshort	+0.0032%	1h	117.94	+0.068%	$388K	$46K	10x
Lighter RH BABA	+0.0032%	1h	117.76	−0.085%	$426K	$495K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.714%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.93	+0.059%	$72K	$109K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERPlong	+0.0046%	1h	117.86	long leg	—	$18K	10x
Polymarket Perps BABA-USD	+0.0050%	1h	117.78	−0.068%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.75	−0.093%	$238K	$373K	10x	as long as short
QFEX BABA-USD	+0.0061%	1h	117.80	−0.051%	$1.2M	$4.5M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.78	−0.068%	$612K	$525K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.81	−0.042%	$2K	$798	10x	as long as short
tradeXYZ xyz:BABA	+0.0104%	1h	117.83	−0.025%	$12.1M	$3.5M	10x	as long as short
Variational Omni BABA	+0.0122%	8h	118.22	+0.309%	$266K	$658K	—	as long as short
Binance BABAUSDT	+0.0180%	8h	117.88	+0.020%	$15.6M	$23.9M	20x	as long as short
Extended BABA_24_5-USD	+0.0184%	1h	117.81	−0.040%	$46K	$368K	10x	as long as short
Phoenix BABA	+0.0205%	1h	118.20	+0.288%	$66K	$41K	10x	as long as short
Bitget BABAUSDT	+0.0253%	8h	117.82	−0.034%	$2.5M	$1.3M	20x	as long as short