Funding you earn now, next payment 05:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.056%
Price spread now: Lighter RH against Extended+0.003%7-day average −0.041% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$300.300% of the position
Funding, last 7 days−0.094%−$9 on $10k
+Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.003%, 7d avg −0.041%
=Together, before fees−0.095%+ Points / potential airdropExtended: Active · Lighter RH: Points live · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.044% dearer against Extended than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.041%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 34 hours. At the pace of the last 7 days (−0.094% in total) that is about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 118.44 | 0.0136 | pay 0.0017% / 1h | 42m 41s | $43K | $358K | 10x |
| Short | Lighter RH BABA | 118.44 | 0.0032 | get 0.0004% / 1h | 42m 41s | $438K | $507K | 10x |
Extended BABA_24_5-USD
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Extended. 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
- −$21.84
- Price spread: +0.003% → −0.041%
- $4.39
- Slippage, 4 orders
- −$24.96
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$47.41
- Costs to cover
- 0.300%
- Break-even
- never at this rate
Slippage from Extended: live order book, 10 min ago; Lighter RH: live order book, 10 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 Extended live order book, 10 min ago | 2.96 bp | 12.3 bp −$12 | 146.5 bp −$1,465 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 10 min ago | 1.69 bp | 2.6 bp −$3 | 9.5 bp −$95 | 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 | 118.27 | −0.143% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.41 | −0.023% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.45 | +0.011% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.45 | +0.011% | $505 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.045% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0001% | 8h | 118.34 | −0.080% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.50 | +0.053% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.44 | +0.003% | $438K | $507K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.193% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.31 | −0.107% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter 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 | 118.40 | −0.031% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.34 | −0.082% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.38 | −0.048% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.21 | −0.192% | $238K | $406K | 10x | as long as short |
| Variational Omni BABA | +0.0051% | 8h | 118.32 | −0.095% | $266K | $658K | — | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.41 | −0.023% | $1.2M | $4.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.28 | −0.132% | $616K | $459K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.42 | −0.014% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USDlong | +0.0136% | 1h | 118.44 | long leg | $43K | $358K | 10x | |
| Binance BABAUSDT | +0.0139% | 8h | 118.46 | +0.016% | $15.7M | $30.6M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.40 | −0.031% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0340% | 8h | 118.40 | −0.031% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT