Funding you earn now, next payment 03:00 UTC−0.0127%/8h= −13.9% APRpaid last 24h −0.060%
Price spread now: Lighter against Binance+0.131%7-day average +0.068% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$590.593% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.131%, 7d avg +0.068%
=Together, before fees−0.214%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.063% dearer against Binance than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.068%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 39 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 119.50 | 0.0159 | pay 0.0159% / 8h | 5h 28m | $16.1M | $27.3M | 20x |
| Short | Lighter BABA | 119.66 | 0.0032 | get 0.0004% / 1h | 28m 01s | $381K | $72K | 10x |
Binance BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$26.61
- Price spread: +0.131% → +0.068%
- $6.25
- Slippage, 4 orders
- −$49.35
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$79.71
- Costs to cover
- 0.593%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 27 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 Binance live order book, 13 min ago | 0.42 bp | 9.2 bp −$9 | 18.8 bp −$188 | 69.6 bp −$6,958 | doesn't fit |
| Sell Lighter live order book, 27 min ago | 11.44 bp | 27.7 bp −$28 | 34.5 bp −$345 | 80.7 bp −$8,067 | 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 | 119.57 | +0.058% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.54 | +0.030% | $2.2M | $642K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.62 | +0.097% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.88 | +0.312% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.66 | +0.131% | $822 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.97 | +0.390% | $30K | $18K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 119.66 | +0.131% | $381K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.59 | +0.072% | $430K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.066% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.86 | +0.298% | $73K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
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 | 119.92 | +0.348% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.51 | +0.005% | $12.1M | $3.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.65 | +0.122% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 120.23 | +0.608% | $243K | $395K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.73 | +0.189% | $1.2M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.66 | +0.131% | $622K | $513K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.63 | +0.105% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0101% | 8h | 119.88 | +0.311% | $270K | $658K | — | as long as short |
| Binance BABAUSDTlong | +0.0159% | 8h | 119.50 | long leg | $16.1M | $27.3M | 20x | |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.47 | −0.032% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 120.05 | +0.457% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0855% | 8h | 119.54 | +0.030% | $2.5M | $1.5M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT