Funding you earn now, next payment 07:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.04 per $10,000 · paid last 24h +0.008%
Price spread now: QFEX against Lighter RH+0.017%7-day average +0.050% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$190.189% of the position
Funding, last 4 days (all we have)−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.017%, 7d avg +0.050%
=Together, before fees−0.018%+ Points / potential airdropLighter RH: Points live · farm board−$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. QFEX is 0.033% cheaper against Lighter RH than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.050%). If the spread goes back, that is −$3 on $10k: about 3.6 days of funding at the current rate (+$1 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 117.00 | 0.0032 | pay 0.0004% / 1h | 39m 22s | $434K | $510K | 10x |
| Short | QFEX BABA-USD | 117.02 | 0.0063 | get 0.0008% / 1h | 39m 22s | $1.2M | $3.1M | 10x |
Lighter RH BABA
QFEX BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
QFEX 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
- $6.54
- Price spread: +0.017% → +0.050%
- −$3.32
- Slippage, 4 orders
- −$8.88
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee QFEX: 5 bp × 2 orders
- −$10
- Net
- −$15.66
- Costs to cover
- 0.189%
- Break-even
- 23.8 days
Slippage from Lighter RH: live order book, 3 min ago; QFEX: 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 RH live order book, 3 min ago | 2.56 bp | 3.2 bp −$3 | 7.9 bp −$79 | doesn't fit | doesn't fit |
| Sell QFEX live order book, 4 min ago | 1.28 bp | 6.3 bp −$6 | 9.0 bp −$90 | 20.6 bp −$2,059 | 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 | 117.30 | +0.253% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.08 | +0.068% | $2.1M | $731K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.02 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.02 | +0.017% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.04 | +0.034% | $877 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.04 | +0.034% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.09 | +0.077% | $373K | $72K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 117.00 | long leg | $434K | $510K | 10x | |
| GRVT BABA_USDT_Perp | +0.0033% | 8h | 116.99 | −0.010% | $3K | $194K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.991% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
GRVT BABA_USDT_Perp
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.03 | +0.026% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.02 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.93 | −0.060% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.96 | −0.034% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.85 | −0.128% | $224K | $417K | 10x | as long as short |
| QFEX BABA-USDshort | +0.0063% | 1h | 117.02 | +0.017% | $1.2M | $3.1M | 10x | |
| Variational Omni BABA | +0.0065% | 8h | 116.98 | −0.013% | $263K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.98 | −0.017% | $609K | $403K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.00 | 0.000% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0133% | 8h | 117.05 | +0.041% | $15.2M | $32.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 117.04 | +0.035% | $43K | $338K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.99 | −0.009% | $66K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA