Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: SunX against Lighter−0.360%7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$190as in the Price arb table
costs, in and out, $10k−$1611.610% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)+0.360%+$36 · spread now −0.360%, 7d avg −0.073%
=Together, before fees+0.127%+ Points / potential airdropLighter: Season 3 · farm board+$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.287% cheaper against Lighter than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.073%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 119.40 | 0.0032 | pay 0.0004% / 1h | 16m 45s | $382K | $73K | 10x |
| Short | SunX BABA-USDT | 118.97 | 0 | get 0.0000% / 8h | 6h 16m | $723 | $2.7M | 20x |
Lighter BABA
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$6.72
- Price spread: −0.360% → −0.073%
- −$28.67
- Slippage, 4 orders
- −$153.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$196.41
- Costs to cover
- 1.610%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 29 min ago; SunX: live order book, 4 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, 29 min ago | 9.66 bp | 9.7 bp −$10 | 11.5 bp −$115 | 55.8 bp −$5,585 | doesn't fit |
| Sell SunX live order book, 4 min ago | 44.95 bp | 64.2 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
BABA on 22 exchanges
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 | 119.14 | −0.220% | $69K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.32 | −0.067% | $2.2M | $713K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.34 | −0.050% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.39 | −0.008% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 118.97 | −0.360% | $723 | $2.7M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 119.02 | −0.318% | $30K | $19K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 119.40 | long leg | $382K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.29 | −0.092% | $434K | $517K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.982% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.09 | −0.260% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.27 | −0.109% | $12.0M | $4.8M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.92 | −0.402% | $8K | $243K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.20 | −0.168% | $219K | $439K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 118.95 | −0.377% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.09 | −0.260% | $621K | $490K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.02 | −0.318% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0237% | 8h | 119.00 | −0.335% | $362K | $662K | — | as long as short |
| Binance BABAUSDT | +0.0267% | 8h | 119.29 | −0.095% | $15.1M | $33.4M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 118.96 | −0.369% | $67K | $88K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0272% | 1h | 119.26 | −0.120% | $46K | $314K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0321% | 8h | 118.99 | −0.340% | $3K | $180K | 10x | as long as short |
| Arcus BABA-USD | +0.0335% | 1h | 119.25 | −0.126% | $71K | $135K | 10x | as long as short |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Phoenix BABA
Extended BABA_24_5-USD
GRVT BABA_USDT_Perp
Arcus BABA-USD