Funding you earn now, next payment 00:00 UTC−0.0056%/8h= −6.1% APRnext payment −$0.07 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Lighter−0.094%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days−0.164%−$16 on $10k
+Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.094%, 7d avg −0.151%
=Together, before fees−0.253%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board−$25 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.057% dearer against Lighter than usual: you sell high and buy low (spread −0.094% now, against its 7-day average of −0.151%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.52 | 0.0088 | pay 0.0011% / 1h | 13m 54s | $385K | $50K | 10x |
| Short | Lighter RH BABA | 116.41 | 0.0032 | get 0.0004% / 1h | 13m 54s | $446K | $591K | 10x |
Lighter BABA
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- −$11.76
- Price spread: −0.094% → −0.151%
- $5.7
- Slippage, 4 orders
- −$29.49
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$35.55
- Costs to cover
- 0.295%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 56 min ago; Lighter RH: live order book, 63 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, 56 min ago | 9.89 bp | 9.9 bp −$10 | 11.9 bp −$119 | 57.5 bp −$5,750 | doesn't fit |
| Sell Lighter RH live order book, 63 min ago | 1.72 bp | 2.5 bp −$2 | 10.1 bp −$101 | 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 | 116.37 | −0.132% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.40 | −0.103% | $2.2M | $600K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.41 | −0.094% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.37 | −0.129% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.39 | −0.112% | $1K | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.41 | −0.094% | $37K | $2K | 20x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.41 | −0.094% | $446K | $591K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.584% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.30 | −0.189% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.40 | −0.103% | $1.2M | $5.2M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Injective BABA/USDC PERP
Vest BABA-USD-PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.34 | −0.154% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.09 | −0.369% | $243K | $353K | 10x | as long as short |
| Lighter BABAlong | +0.0088% | 1h | 116.52 | long leg | $385K | $50K | 10x | |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.35 | −0.146% | $604K | $581K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.39 | −0.112% | $2K | $1K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0114% | 1h | 116.33 | −0.163% | $12.1M | $3.1M | 10x | as long as short |
| Variational Omni BABA | +0.0122% | 8h | 116.45 | −0.062% | $301K | $619K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0129% | 8h | 116.44 | −0.071% | $2K | $246K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0200% | 1h | 116.38 | −0.122% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0204% | 8h | 116.40 | −0.103% | $15.4M | $21.9M | 20x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.39 | −0.112% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.39 | −0.112% | $76K | $98K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD