Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%
Price spread now: Lighter RH against Bybit+0.042%7-day average −0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 4 days (all we have)−0.064%−$6 · spread now +0.042%, 7d avg −0.059%
=Together, before fees+0.004%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.101% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 118.13 | 0 | get 0.0000% / 8h | 2h 44m | $2.1M | $710K | 25x |
| Short | Lighter RH BABA | 118.18 | 0.0032 | get 0.0004% / 1h | 44m 34s | $437K | $509K | 10x |
Bybit BABAUSDT
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.042% → −0.059%
- $10.12
- Slippage, 4 orders
- −$24.75
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$18.92
- Costs to cover
- 0.358%
- Break-even
- 26.7 days
Slippage from Bybit: live order book, 2 min ago; Lighter RH: live order book, 3 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, 2 min ago | 3.80 bp | 15.1 bp −$15 | 95.8 bp −$958 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.69 bp | 2.3 bp −$2 | 14.0 bp −$140 | doesn't fit | 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 | 118.29 | +0.135% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 118.13 | long leg | $2.1M | $710K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.22 | +0.076% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.33 | +0.169% | $934 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.254% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.21 | +0.068% | $376K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.18 | +0.042% | $437K | $509K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.939% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.25 | +0.102% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.19 | +0.051% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Injective BABA/USDC PERP
Arcus BABA-USD
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.08 | −0.042% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.07 | −0.051% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.18 | +0.042% | $240K | $401K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 118.21 | +0.068% | $1.2M | $3.5M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0081% | 8h | 118.35 | +0.186% | $3K | $194K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.08 | −0.042% | $614K | $439K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.35 | +0.186% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0111% | 8h | 118.35 | +0.186% | $266K | $658K | — | as long as short |
| Bitget BABAUSDT | +0.0161% | 8h | 118.17 | +0.034% | $2.4M | $1.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 118.17 | +0.036% | $43K | $357K | 10x | as long as short |
| Binance BABAUSDT | +0.0180% | 8h | 118.21 | +0.068% | $15.7M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 118.26 | +0.110% | $66K | $90K | 10x | as long as short |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Bitget BABAUSDT
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA