BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0081%/8h= +8.8% APRpaid last 24h +0.060%

Price spread now: Binance against Lighter−0.066%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$610.615% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.066%, 7d avg −0.066%

Together, before fees−0.033%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.066%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BABA	116.96	0.0032	pay 0.0004% / 1h	17m 17s	$372K	$72K	10x
Short	Binance BABAUSDT	116.88	0.0113	get 0.0113% / 8h	1h 17m	$15.1M	$32.5M	20x

Funding history

latest

Range statsloading…

Binance against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee LighterbpFee BinancebpOrdersPrice spread, now −0.066%Rate

Slippage from Lighter: live order book, 17 min ago; Binance: live order book, 9 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Lighter live order book, 17 min ago	10.67 bp	15.7 bp −$16	18.3 bp −$183	64.3 bp −$6,428	doesn't fit
Sell Binance live order book, 9 min ago	0.86 bp	8.5 bp −$8	25.3 bp −$253	66.7 bp −$6,667	doesn't fit

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	117.00	+0.031%	$68K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.89	−0.060%	$2.1M	$734K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.88	−0.068%	$1.5M	$2.1M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.91	−0.043%	$2.3M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.89	−0.060%	$824	$3.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.10	+0.120%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0020%	8h	116.99	+0.026%	$2K	$194K	10x	as long as short
Lighter BABAlong	+0.0032%	1h	116.96	long leg	$372K	$72K	10x
Lighter RH BABA	+0.0032%	1h	116.86	−0.085%	$434K	$512K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.958%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	116.88	−0.068%	$71K	$110K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.89	−0.060%	—	$19K	10x	as long as short
Variational Omni BABA	+0.0048%	8h	116.93	−0.022%	$364K	$753K	—	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	116.80	−0.137%	$11.7M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.81	−0.128%	$8K	$285K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.74	−0.188%	$227K	$422K	10x	as long as short
QFEX BABA-USD	+0.0063%	1h	116.89	−0.060%	$1.2M	$3.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.87	−0.077%	$609K	$386K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.86	−0.085%	$2K	$798	10x	as long as short
Extended BABA_24_5-USD	+0.0112%	1h	116.85	−0.095%	$44K	$308K	10x	as long as short
Binance BABAUSDTshort	+0.0113%	8h	116.88	−0.066%	$15.1M	$32.5M	20x
Phoenix BABA	+0.0204%	1h	116.92	−0.034%	$65K	$89K	10x	as long as short