Funding you earn now, next payment 08:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: HTX against Lighter−0.026%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and HTX is 0.026% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.16 | 0.0032 | pay 0.0004% / 1h | 5m 55s | $373K | $72K | 10x |
| Short | HTX BABA-USDT | 117.13 | 0 | get 0.0000% / 8h | 5m 55s | $30K | $19K | 20x |
Lighter BABA
HTX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: −0.026% → 0.000%
- −$2.56
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$21.28
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 23 min ago; HTX: no order-book sample. Net counts fees only.
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, 23 min ago | 11.95 bp | 18.6 bp −$19 | 20.6 bp −$206 | 65.6 bp −$6,562 | doesn't fit |
| Sell HTX no order-book sample | — | — | — | — | — |
HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 117.00 | −0.136% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.15 | −0.009% | $2.1M | $721K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.18 | +0.017% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.16 | 0.000% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.17 | +0.009% | $878 | $3.0M | 20x | as long as short |
| HTX BABA-USDTshort | 0.0000% | 8h | 117.13 | −0.026% | $30K | $19K | 20x | |
| Lighter BABAlong | +0.0032% | 1h | 117.16 | long leg | $373K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.12 | −0.034% | $436K | $504K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.127% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.04 | −0.102% | $70K | $140K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USD | +0.0044% | 1h | 117.15 | −0.009% | $1.2M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.08 | −0.068% | — | $19K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0046% | 8h | 117.18 | +0.017% | $3K | $188K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.10 | −0.051% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.09 | −0.060% | $231K | $427K | 10x | as long as short |
| Variational Omni BABA | +0.0073% | 8h | 117.13 | −0.030% | $338K | $779K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0077% | 1h | 117.06 | −0.085% | $11.8M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.03 | −0.111% | $608K | $389K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.17 | +0.009% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 117.15 | −0.005% | $47K | $307K | 10x | as long as short |
| Binance BABAUSDT | +0.0144% | 8h | 117.18 | +0.020% | $15.3M | $32.0M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.95 | −0.179% | $65K | $89K | 10x | as long as short |
QFEX BABA-USD
Vest BABA-USD-PERP
GRVT BABA_USDT_Perp
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA