Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%

Price spread now: Aster against Lighter RH+0.217%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.217% dearer against Lighter RH than usual: you sell high and buy low (spread +0.217% now, against zero (this spread has no 7-day history yet)): +$22 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BABA	117.61	0.0032	pay 0.0004% / 1h	4m 26s	$436K	$514K	10x
Short	Aster BABAUSDT	117.87	0	get 0.0000% / 8h	2h 04m	$69K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Lighter RHbpFee AsterbpOrdersPrice spread, now +0.217%Rate

Funding earned: −$6.72
Price spread: +0.217% → 0.000%: $21.68
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: $6.96
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Lighter RH: live order book, 43 min ago; Aster: 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 RH live order book, 43 min ago	1.69 bp	4.0 bp −$4	10.9 bp −$109	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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 BABAUSDTshort	0.0000%	8h	117.87	+0.217%	$69K	$36K	20x
Bybit BABAUSDT	0.0000%	8h	117.65	+0.034%	$2.1M	$720K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.69	+0.068%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.67	+0.051%	$2.4M	$1.8M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.61	0.000%	$662	$3.3M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.78	+0.145%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.70	+0.077%	$374K	$73K	10x	as long as short
Lighter RH BABAlong	+0.0032%	1h	117.61	long leg	$436K	$514K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.505%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.63	+0.017%	$71K	$110K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	117.68	+0.060%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.59	−0.017%	$11.9M	$4.4M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.58	−0.026%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.57	−0.034%	$238K	$405K	10x	as long as short
QFEX BABA-USD	+0.0073%	1h	117.67	+0.051%	$1.2M	$3.2M	10x	as long as short
GRVT BABA_USDT_Perp	+0.0082%	8h	117.73	+0.104%	$3K	$193K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.61	0.000%	$612K	$418K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.57	−0.034%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0108%	8h	117.67	+0.055%	$265K	$658K	—	as long as short
Binance BABAUSDT	+0.0173%	8h	117.59	−0.017%	$15.5M	$31.6M	20x	as long as short
Extended BABA_24_5-USD	+0.0176%	1h	117.64	+0.023%	$44K	$355K	10x	as long as short
Phoenix BABA	+0.0271%	1h	117.69	+0.068%	$66K	$90K	10x	as long as short