Funding you earn now, next payment 07:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.003%
Price spread now: Polymarket Perps against Lighter−0.102%45s7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$580.585% of the position
Funding, last 7 days−0.074%−$7 on $10k
+Price spread, last 4 days (all we have)−0.067%−$7 · spread now −0.102%, 7d avg −0.147%
=Together, before fees−0.141%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.044% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.147%. Mind the row above: over the last 7 days funding on this pair cost −0.074%, so the current rate has only just turned in your favour. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.22 | 0.0032 | pay 0.0004% / 1h | 43m 36s | $373K | $72K | 10x |
| Short | Polymarket Perps BABA-USD | 117.10 | 0.0050 | get 0.0006% / 1h | 43m 36s | $8K | $285K | 10x |
Lighter BABA
Polymarket Perps BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- $3.78
- Price spread: −0.102% → −0.147%
- $4.44
- Slippage, 4 orders
- −$50.46
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$50.25
- Costs to cover
- 0.585%
- Break-even
- 100.1 days
Slippage from Lighter: live order book, 56 min ago; Polymarket Perps: 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 | 11.41 bp | 20.3 bp −$20 | 22.5 bp −$225 | 67.1 bp −$6,711 | doesn't fit |
| Sell Polymarket Perps live order book, 63 min ago | 3.38 bp | 7.4 bp −$7 | 7.4 bp −$74 | 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 | 117.35 | +0.109% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.15 | −0.060% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.18 | −0.034% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.19 | −0.026% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.17 | −0.043% | $627 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.34 | +0.102% | $30K | $19K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.22 | long leg | $373K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.13 | −0.077% | $434K | $510K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.177% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.18 | −0.034% | $71K | $110K | 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
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.18 | −0.034% | — | $19K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0049% | 8h | 117.30 | +0.068% | $2K | $193K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.09 | −0.111% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USDshort | +0.0050% | 1h | 117.10 | −0.102% | $8K | $285K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.02 | −0.171% | $225K | $417K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 117.11 | −0.094% | $1.2M | $3.1M | 10x | as long as short |
| Variational Omni BABA | +0.0077% | 8h | 117.23 | +0.008% | $264K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.11 | −0.094% | $609K | $406K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.15 | −0.060% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0140% | 8h | 117.13 | −0.074% | $15.3M | $32.1M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 117.15 | −0.056% | $43K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 117.32 | +0.085% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
GRVT BABA_USDT_Perp
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA