Funding you earn now, next payment 01:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h +0.018%
Price spread now: KuCoin against Lighter−0.129%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1881.879% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.129%, 7d avg −0.164%
=Together, before fees−0.093%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.035% dearer against Lighter than usual: you sell high and buy low (spread −0.129% now, against its 7-day average of −0.164%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours. At the pace of the last 7 days (−0.023% in total) that is about 11 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.50 | 0.0160 | pay 0.0020% / 1h | 45m 30s | $385K | $49K | 10x |
| Short | KuCoin BABAUSDTM | 116.35 | 0.0100 | get 0.0100% / 8h | 7h 45m | $604K | $559K | 20x |
Lighter BABA
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$12.6
- Price spread: −0.129% → −0.164%
- $3.5
- Slippage, 4 orders
- −$175.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$197.02
- Costs to cover
- 1.879%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 19 min ago; KuCoin: live order book, 8 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, 19 min ago | 8.58 bp | 13.5 bp −$14 | 16.4 bp −$164 | 62.6 bp −$6,257 | doesn't fit |
| Sell KuCoin live order book, 8 min ago | 14.18 bp | 73.5 bp −$74 | doesn't fit | 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 | 116.40 | −0.090% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.43 | −0.060% | $2.2M | $583K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.46 | −0.034% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.41 | −0.077% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.46 | −0.034% | $879 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.48 | −0.017% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.39 | −0.094% | $444K | $479K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.567% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.33 | −0.146% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.34 | −0.137% | $12.1M | $3.0M | 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
Vest BABA-USD-PERP
tradeXYZ xyz:BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT BABA_USDT_Perp | +0.0050% | 8h | 116.45 | −0.044% | $2K | $242K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.35 | −0.129% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.31 | −0.163% | $243K | $339K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.43 | −0.060% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 116.35 | −0.129% | $604K | $559K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.43 | −0.060% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0145% | 8h | 116.45 | −0.046% | $301K | $619K | — | as long as short |
| Lighter BABAlong | +0.0160% | 1h | 116.50 | long leg | $385K | $49K | 10x | |
| Binance BABAUSDT | +0.0213% | 8h | 116.46 | −0.035% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 116.44 | −0.055% | $42K | $414K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.32 | −0.155% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.41 | −0.077% | $75K | $101K | 10x | as long as short |
GRVT BABA_USDT_Perp
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD