BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0171%/8h= +18.7% APRnext payment +$0.21 per $10,000 · paid last 24h +0.066%

Price spread now: Phoenix against Lighter RH−0.287%75s7-day average — · you buy dearer than you sell

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

Long on Lighter RH Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

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

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

Funding pays, the price is against you. Phoenix is 0.287% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.287% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$29 on $10k: about 5.6 days of funding at the current rate (+$5 a day). The two prices were read 75 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 RH BABA	118.42	0.0032	pay 0.0004% / 1h	44m 10s	$438K	$507K	10x
Short	Phoenix BABA	118.08	0.0203	get 0.0025% / 1h	44m 10s	$66K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.287%Rate

Funding earned: $35.87
Price spread: −0.287% → 0.000%: −$28.71
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $0.16
Costs to cover: 0.070%
Break-even: 7.0 days

Slippage unknown: Lighter RH: live order book, 8 min ago; Phoenix: 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, 8 min ago	1.69 bp	2.7 bp −$3	6.1 bp −$61	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	118.27	−0.128%	$70K	$35K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	118.43	+0.008%	$2.1M	$704K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	118.45	+0.025%	$1.5M	$1.9M	50x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	118.13	−0.247%	$3K	$193K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	118.46	+0.034%	$479	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	118.22	−0.169%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	118.45	+0.025%	$377K	$73K	10x	as long as short
Lighter RH BABAlong	+0.0032%	1h	118.42	long leg	$438K	$507K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−2.179%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	118.23	−0.160%	$72K	$109K	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	118.38	−0.034%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	118.32	−0.084%	$12.0M	$4.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	118.34	−0.068%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	118.21	−0.177%	$238K	$406K	10x	as long as short
Variational Omni BABA	+0.0051%	8h	118.32	−0.081%	$266K	$658K	—	as long as short
QFEX BABA-USD	+0.0056%	1h	118.40	−0.017%	$1.2M	$4.0M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	118.24	−0.152%	$616K	$459K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	118.39	−0.025%	$2K	$798	10x	as long as short
Binance BABAUSDT	+0.0135%	8h	118.46	+0.035%	$15.7M	$30.6M	20x	as long as short
Extended BABA_24_5-USD	+0.0136%	1h	118.42	+0.001%	$43K	$358K	10x	as long as short
Phoenix BABAshort	+0.0203%	1h	118.08	−0.287%	$66K	$90K	10x
Bitget BABAUSDT	+0.0345%	8h	118.40	−0.017%	$2.4M	$1.7M	20x	as long as short