Funding you earn now, next payment 02:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.018%
Price spread now: Orderly against Lighter−0.068%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
Funding pays, the price is against you. Orderly is 0.068% cheaper against Lighter than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3.3 days of funding at the current rate (+$2 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.43 | 0.0032 | pay 0.0004% / 1h | 37m 53s | $387K | $44K | 10x |
| Short | Orderly PERP_BABA_USDC_mythos | 117.35 | 0.0100 | get 0.0100% / 8h | 6h 37m | $1K | $1K | 10x |
Lighter BABA
Orderly PERP_BABA_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $14.28
- Price spread: −0.068% → 0.000%
- −$6.81
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $1.47
- Costs to cover
- 0.060%
- Break-even
- 6.3 days
Slippage unknown: Lighter: live order book, 22 min ago; Orderly: 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, 22 min ago | 10.67 bp | 19.0 bp −$19 | 21.1 bp −$211 | 66.4 bp −$6,645 | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 117.25 | −0.157% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.40 | −0.026% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.40 | −0.026% | $1.4M | $1.5M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.39 | −0.034% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.39 | −0.034% | $829 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.33 | −0.085% | $37K | $2K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.43 | long leg | $387K | $44K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.29 | −0.119% | $424K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.354% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.41 | −0.017% | $1.2M | $4.6M | 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 | 117.16 | −0.230% | $74K | $101K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.30 | −0.111% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.27 | −0.136% | $12.3M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.31 | −0.102% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.16 | −0.230% | $238K | $370K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0064% | 8h | 117.12 | −0.268% | $3K | $230K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.31 | −0.102% | $611K | $532K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythosshort | +0.0100% | 8h | 117.35 | −0.068% | $1K | $1K | 10x | |
| Variational Omni BABA | +0.0160% | 8h | 117.23 | −0.173% | $303K | $619K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.06 | −0.315% | $66K | $71K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.39 | −0.033% | $43K | $370K | 10x | as long as short |
| Binance BABAUSDT | +0.0210% | 8h | 117.39 | −0.034% | $15.6M | $23.2M | 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
Variational Omni BABA
Phoenix BABA
Extended BABA_24_5-USD
Binance BABAUSDT