Funding you earn now, next payment 07:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: Bybit against Lighter−0.043%7-day average −0.089% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$720.725% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.043%, 7d avg −0.089%
=Together, before fees−0.344%+ Points / potential airdropLighter: Season 3 · farm board−$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bybit is 0.046% dearer against Lighter than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.089%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−0.233% in total) that is about 33 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.02 | 0.0032 | pay 0.0004% / 1h | 21m 12s | $372K | $72K | 10x |
| Short | Bybit BABAUSDT | 116.97 | 0 | get 0.0000% / 8h | 1h 21m | $2.1M | $734K | 25x |
Lighter BABA
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.043% → −0.089%
- $4.64
- Slippage, 4 orders
- −$61.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$74.57
- Costs to cover
- 0.725%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; Bybit: live order book, just now.
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, 13 min ago | 10.67 bp | 15.7 bp −$16 | 18.3 bp −$183 | 64.3 bp −$6,428 | doesn't fit |
| Sell Bybit live order book, just now | 3.42 bp | 11.9 bp −$12 | 85.6 bp −$856 | 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 | 117.07 | +0.040% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.97 | −0.043% | $2.1M | $734K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.95 | −0.060% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.95 | −0.060% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.95 | −0.060% | $481 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.86 | −0.137% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 116.89 | −0.112% | $2K | $194K | 10x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.02 | long leg | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.92 | −0.085% | $434K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.008% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.85 | −0.145% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.94 | −0.068% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.89 | −0.111% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.89 | −0.111% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.82 | −0.171% | $227K | $421K | 10x | as long as short |
| Variational Omni BABA | +0.0053% | 8h | 116.82 | −0.171% | $364K | $753K | — | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.95 | −0.060% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.81 | −0.179% | $607K | $388K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.94 | −0.068% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.93 | −0.075% | $44K | $308K | 10x | as long as short |
| Binance BABAUSDT | +0.0121% | 8h | 116.96 | −0.051% | $15.1M | $32.5M | 20x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.84 | −0.154% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
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
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA