Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.131%
Price spread now: Arcus against Lighter RH−0.169%7-day average +0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 4 days (all we have)+0.201%+$20 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now −0.169%, 7d avg +0.053%
=Together, before fees+0.370%+ Points / potential airdropLighter RH: Points live · farm board+$37 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.222% cheaper against Lighter RH than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.053%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 118.43 | 0.0032 | pay 0.0004% / 1h | 44m 21s | $438K | $507K | 10x |
| Short | Arcus BABA-USD | 118.23 | 0.0040 | get 0.0005% / 1h | 44m 21s | $72K | $109K | 10x |
Lighter RH BABA
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter RH. 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
- $1.74
- Price spread: −0.169% → +0.053%
- −$22.16
- Slippage, 4 orders
- −$23.77
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$48.69
- Costs to cover
- 0.283%
- Break-even
- 203.1 days
Slippage from Lighter RH: live order book, 8 min ago; Arcus: live order book, 65 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 RH live order book, 8 min ago | 1.69 bp | 2.7 bp −$3 | 6.1 bp −$61 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 65 min ago | 4.63 bp | 10.7 bp −$11 | 13.1 bp −$131 | 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 | 118.27 | −0.138% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.42 | −0.008% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.42 | −0.008% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.13 | −0.255% | $3K | $193K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.42 | −0.008% | $618 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.22 | −0.177% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.43 | 0.000% | $377K | $73K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 118.43 | long leg | $438K | $507K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.187% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 118.23 | −0.169% | $72K | $109K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.38 | −0.042% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.30 | −0.110% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.34 | −0.076% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.21 | −0.186% | $238K | $406K | 10x | as long as short |
| Variational Omni BABA | +0.0051% | 8h | 118.32 | −0.089% | $266K | $658K | — | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.40 | −0.025% | $1.2M | $4.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.24 | −0.160% | $616K | $459K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.39 | −0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.41 | −0.019% | $43K | $358K | 10x | as long as short |
| Binance BABAUSDT | +0.0135% | 8h | 118.45 | +0.019% | $15.6M | $30.6M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.08 | −0.296% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0345% | 8h | 118.40 | −0.025% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT