Funding you earn now, next payment 02:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.056%
Price spread now: Extended against Lighter−0.151%7-day average −0.111% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$610.609% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.151%, 7d avg −0.111%
=Together, before fees−0.094%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$9 on $10k · with fees, hour by hour
Funding pays, the price is against you. Extended is 0.040% cheaper against Lighter than usual: you would sell low and buy high (spread −0.151% now, against its 7-day average of −0.111%). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.064%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.34 | 0.0032 | pay 0.0004% / 1h | 39m 53s | $387K | $44K | 10x |
| Short | Extended BABA_24_5-USD | 117.16 | 0.0208 | get 0.0026% / 1h | 39m 53s | $43K | $370K | 10x |
Lighter BABA
Extended BABA_24_5-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $36.96
- Price spread: −0.151% → −0.111%
- −$4
- Slippage, 4 orders
- −$55.9
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$27.94
- Costs to cover
- 0.609%
- Break-even
- 12.3 days
Slippage from Lighter: live order book, 20 min ago; Extended: live order book, 28 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, 20 min ago | 10.67 bp | 19.0 bp −$19 | 21.1 bp −$211 | 66.4 bp −$6,645 | doesn't fit |
| Sell Extended live order book, 28 min ago | 1.71 bp | 11.2 bp −$11 | 162.0 bp −$1,620 | 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 | 117.12 | −0.191% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.22 | −0.102% | $2.2M | $596K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.24 | −0.085% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.20 | −0.119% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.28 | −0.051% | $783 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.01 | −0.281% | $37K | $2K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.34 | long leg | $387K | $44K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.20 | −0.119% | $423K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.278% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.24 | −0.085% | $1.2M | $4.7M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.03 | −0.264% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.15 | −0.162% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.08 | −0.222% | $12.2M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.19 | −0.128% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.96 | −0.324% | $238K | $368K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0053% | 8h | 116.92 | −0.357% | $3K | $230K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.12 | −0.187% | $610K | $532K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.27 | −0.060% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0160% | 8h | 117.23 | −0.096% | $303K | $619K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | −0.239% | $66K | $71K | 10x | as long as short |
| Extended BABA_24_5-USDshort | +0.0208% | 1h | 117.16 | −0.151% | $43K | $370K | 10x | |
| Binance BABAUSDT | +0.0210% | 8h | 117.21 | −0.111% | $15.5M | $23.4M | 20x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Binance BABAUSDT