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 Gate−0.042%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$360.358% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.062%−$6 · spread now −0.042%, 7d avg −0.064%
=Together, before fees−0.084%+ Points / potential airdropLighter RH: Points live · farm board−$8 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 0.022% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BABA_USDT | 118.39 | 0 | get 0.0000% / 8h | 2h 46m | $1.5M | $1.9M | 50x |
| Short | Lighter RH BABA | 118.34 | 0.0032 | get 0.0004% / 1h | 46m 24s | $438K | $509K | 10x |
Gate BABA_USDT
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Gate. 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% → −0.064%
- $2.2
- Slippage, 4 orders
- −$20.78
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$26.86
- Costs to cover
- 0.358%
- Break-even
- 35.0 days
Slippage from Gate: live order book, 1 min ago; Lighter RH: live order book, 1 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 Gate live order book, 1 min ago | 2.96 bp | 13.6 bp −$14 | 140.9 bp −$1,409 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 1 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 | 118.30 | −0.076% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.35 | −0.034% | $2.1M | $710K | 25x | as long as short |
| Gate BABA_USDTlong | 0.0000% | 8h | 118.39 | long leg | $1.5M | $1.9M | 50x | |
| SunX BABA-USDT | 0.0000% | 8h | 118.38 | −0.008% | $973 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.034% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.36 | −0.025% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.34 | −0.042% | $438K | $509K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.154% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | −0.084% | $72K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.36 | −0.025% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
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 | 118.23 | −0.135% | $12.0M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.30 | −0.076% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.18 | −0.177% | $240K | $401K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0066% | 8h | 118.28 | −0.096% | $3K | $194K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 118.37 | −0.017% | $1.2M | $3.6M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 118.29 | −0.081% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.24 | −0.127% | $616K | $441K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.39 | 0.000% | $2K | $798 | 10x | as long as short |
| Bitget BABAUSDT | +0.0167% | 8h | 118.33 | −0.051% | $2.4M | $1.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 118.34 | −0.044% | $43K | $357K | 10x | as long as short |
| Binance BABAUSDT | +0.0177% | 8h | 118.36 | −0.025% | $15.7M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 118.37 | −0.017% | $66K | $90K | 10x | as long as short |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA