Funding you earn now, next payment 10:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.010%
Price spread now: SunX against Lighter RH+0.117%7-day average +0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1371.370% of the position
Funding, last 7 days−0.068%−$7 on $10k
+Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.117%, 7d avg +0.069%
=Together, before fees−0.027%+ Points / potential airdropLighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.048% dearer against Lighter RH than usual: you sell high and buy low (spread +0.117% now, against its 7-day average of +0.069%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 119.17 | 0.0032 | pay 0.0004% / 1h | 15m 10s | $434K | $517K | 10x |
| Short | SunX BABA-USDT | 119.31 | 0 | get 0.0000% / 8h | 6h 15m | $821 | $2.7M | 20x |
Lighter RH BABA
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$6.72
- Price spread: +0.117% → +0.069%
- $4.84
- Slippage, 4 orders
- −$128.95
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$138.83
- Costs to cover
- 1.370%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 35 min ago; SunX: live order book, 6 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, 35 min ago | 4.20 bp | 4.2 bp −$4 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 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 | 119.07 | −0.086% | $69K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.34 | +0.143% | $2.2M | $717K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.26 | +0.076% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.32 | +0.126% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 119.31 | +0.117% | $821 | $2.7M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 119.02 | −0.126% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.29 | +0.101% | $382K | $73K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 119.17 | long leg | $434K | $517K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.794% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.26 | +0.076% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
HTX BABA-USDT
Lighter 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 | 119.15 | −0.017% | $12.0M | $4.8M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.10 | −0.059% | $8K | $184K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.21 | +0.034% | $219K | $440K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 119.21 | +0.034% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.12 | −0.042% | $621K | $493K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.19 | +0.017% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0231% | 8h | 119.27 | +0.088% | $363K | $662K | — | as long as short |
| Phoenix BABA | +0.0271% | 1h | 119.21 | +0.034% | $67K | $88K | 10x | as long as short |
| Binance BABAUSDT | +0.0271% | 8h | 119.29 | +0.103% | $15.1M | $33.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0272% | 1h | 119.26 | +0.079% | $46K | $314K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0291% | 8h | 118.98 | −0.158% | $3K | $180K | 10x | as long as short |
| Arcus BABA-USD | +0.0335% | 1h | 119.16 | −0.008% | $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
Phoenix BABA
Binance BABAUSDT
Extended BABA_24_5-USD
GRVT BABA_USDT_Perp
Arcus BABA-USD