Funding you earn now, next payment 00:00 UTC−0.0079%/8h= −8.6% APRnext payment −$0.10 per $10,000 · paid last 24h −0.001%
Price spread now: Injective against Lighter−0.507%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 −$2 a day on $10k at the current rate, and Injective is 0.507% cheaper against Lighter than usual: you would sell low and buy high (−$51 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 | 116.43 | 0.0112 | pay 0.0014% / 1h | 40m 37s | $385K | $49K | 10x |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 40m 37s | $11K | $26K | 12x |
Lighter BABA
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$16.52
- Price spread: −0.507% → 0.000%
- −$50.67
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$67.21
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 29 min ago; Injective: 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, 29 min ago | 9.89 bp | 9.9 bp −$10 | 11.9 bp −$119 | 57.5 bp −$5,750 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 116.23 | −0.170% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.30 | −0.112% | $2.2M | $595K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.31 | −0.103% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.31 | −0.103% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.29 | −0.120% | $884 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.42 | −0.009% | $37K | $2K | 20x | as long as short |
| Variational Omni BABA | +0.0006% | 8h | 116.25 | −0.154% | $300K | $620K | — | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.28 | −0.129% | $447K | $580K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −0.507% | $11K | $26K | 12x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.18 | −0.215% | — | $9K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Variational Omni BABA
Lighter RH BABA
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX BABA-USD | +0.0047% | 1h | 116.24 | −0.163% | $1.2M | $5.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.16 | −0.232% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.04 | −0.335% | $243K | $352K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0059% | 8h | 116.34 | −0.077% | $2K | $248K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.22 | −0.180% | $603K | $602K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.30 | −0.112% | $2K | $1K | 10x | as long as short |
| Lighter BABAlong | +0.0112% | 1h | 116.43 | long leg | $385K | $49K | 10x | |
| Extended BABA_24_5-USD | +0.0112% | 1h | 116.28 | −0.129% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0119% | 8h | 116.30 | −0.112% | $15.3M | $21.3M | 20x | as long as short |
| tradeXYZ xyz:BABA | +0.0156% | 1h | 116.24 | −0.163% | $12.1M | $3.1M | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.34 | −0.077% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.28 | −0.129% | $78K | $94K | 10x | as long as short |
QFEX BABA-USD
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
tradeXYZ xyz:BABA
Phoenix BABA
Arcus BABA-USD