Funding you earn now, next payment 07:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter against Bybit+0.060%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$710.712% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.060%, 7d avg +0.089%
=Together, before fees+0.327%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.029% cheaper against Bybit than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.089%). If the spread goes back, that is −$3 on $10k: about 3.1 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 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 117.15 | 0 | get 0.0000% / 8h | 1h 43m | $2.1M | $732K | 25x |
| Short | Lighter BABA | 117.22 | 0.0032 | get 0.0004% / 1h | 43m 49s | $373K | $72K | 10x |
Bybit BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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: +0.060% → +0.089%
- −$2.94
- Slippage, 4 orders
- −$60.16
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$67.38
- Costs to cover
- 0.712%
- Break-even
- 77.2 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 56 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 Bybit live order book, 3 min ago | 3.84 bp | 14.6 bp −$15 | 95.7 bp −$957 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 56 min ago | 11.41 bp | 22.6 bp −$23 | 25.0 bp −$250 | 69.8 bp −$6,982 | 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 | 117.37 | +0.190% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 117.15 | long leg | $2.1M | $732K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.19 | +0.034% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.19 | +0.034% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.17 | +0.017% | $627 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.34 | +0.162% | $30K | $19K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.22 | +0.060% | $373K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.13 | −0.017% | $434K | $510K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.118% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.20 | +0.043% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.18 | +0.026% | — | $19K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0049% | 8h | 117.30 | +0.128% | $2K | $193K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.09 | −0.051% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.10 | −0.043% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.02 | −0.111% | $225K | $417K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 117.14 | −0.009% | $1.2M | $3.1M | 10x | as long as short |
| Variational Omni BABA | +0.0077% | 8h | 117.23 | +0.068% | $264K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.13 | −0.017% | $610K | $406K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.15 | 0.000% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0142% | 8h | 117.18 | +0.026% | $15.3M | $32.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 117.15 | +0.004% | $43K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 117.32 | +0.145% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
GRVT BABA_USDT_Perp
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA