Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Vest+0.009%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 RH: Points live · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: $0 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BABA-USD-PERP | 117.08 | 0.0046 | pay 0.0006% / 1h | 16m 59s | — | $19K | 10x |
| Short | Lighter RH BABA | 117.09 | 0.0032 | get 0.0004% / 1h | 16m 59s | $435K | $503K | 10x |
Vest BABA-USD-PERP
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: +0.009% → 0.000%
- $0.85
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$4.02
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 20 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 RH live order book, 20 min ago | 3.00 bp | 3.4 bp −$3 | 10.6 bp −$106 | doesn't fit | 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 | 117.00 | −0.065% | $68K | $37K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.12 | +0.034% | $2.1M | $722K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.16 | +0.068% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.11 | +0.026% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.18 | +0.085% | $996 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.21 | +0.111% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0031% | 8h | 117.15 | +0.064% | $3K | $188K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.19 | +0.094% | $373K | $72K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 117.09 | +0.009% | $435K | $503K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.059% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.06 | −0.017% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 117.15 | +0.060% | $1.2M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERPlong | +0.0046% | 1h | 117.08 | long leg | — | $19K | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.10 | +0.017% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.03 | −0.043% | $231K | $428K | 10x | as long as short |
| Variational Omni BABA | +0.0051% | 8h | 117.19 | +0.098% | $338K | $779K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0062% | 1h | 117.00 | −0.068% | $11.8M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.07 | −0.009% | $609K | $386K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.16 | +0.068% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 117.13 | +0.042% | $47K | $309K | 10x | as long as short |
| Binance BABAUSDT | +0.0120% | 8h | 117.13 | +0.043% | $15.3M | $32.4M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.15 | +0.060% | $66K | $89K | 10x | as long as short |
Arcus BABA-USD
QFEX BABA-USD
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA