Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%
Price spread now: Bitget against Lighter−0.112%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$670.668% of the position
Funding, last 7 days−0.206%−$21 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.112%, 7d avg −0.051%
=Together, before fees−0.215%+ Points / potential airdropLighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.061% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.08 | 0.0032 | pay 0.0004% / 1h | 48m 49s | $384K | $49K | 10x |
| Short | Bitget BABAUSDT | 115.95 | 0 | get 0.0000% / 8h | 1h 48m | $2.5M | $1.3M | 20x |
Lighter BABA
Bitget BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Lighter. 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: −0.112% → −0.051%
- −$6.1
- Slippage, 4 orders
- −$54.75
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$79.57
- Costs to cover
- 0.668%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 26 min ago; Bitget: 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 Lighter live order book, 26 min ago | 9.47 bp | 19.1 bp −$19 | 21.7 bp −$217 | 67.4 bp −$6,745 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 3.45 bp | 17.9 bp −$18 | 33.4 bp −$334 | 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 | 116.00 | −0.069% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 115.90 | −0.155% | $2.2M | $614K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 115.95 | −0.112% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDTshort | 0.0000% | 8h | 115.95 | −0.112% | $2.5M | $1.3M | 20x | |
| Variational Omni BABA | 0.0000% | 8h | 115.96 | −0.108% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 115.97 | −0.095% | $3K | $261K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.96 | −0.103% | $508 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.02 | −0.052% | $37K | $2K | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0008% | 1h | 115.93 | −0.127% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0011% | 8h | 115.95 | −0.112% | $15.3M | $21.1M | 20x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Extended BABA_24_5-USD
Binance BABAUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABAlong | +0.0032% | 1h | 116.08 | long leg | $384K | $49K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 115.92 | −0.138% | $445K | $590K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.207% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 115.94 | −0.121% | $1.2M | $5.1M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.89 | −0.164% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.91 | −0.146% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.85 | −0.198% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.89 | −0.164% | $249K | $336K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.88 | −0.172% | $601K | $654K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 115.95 | −0.112% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 115.93 | −0.129% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 115.94 | −0.121% | $79K | $93K | 10x | as long as short |
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD