Funding you earn now, next payment 02:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.014%
Price spread now: tradeXYZ against Lighter RH+0.043%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 7 days+0.119%+$12 on $10k
+Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.043%, 7d avg −0.024%
=Together, before fees+0.048%+ Points / potential airdropLighter RH: Points live · tradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.067% dearer against Lighter RH than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.024%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BABA | 116.85 | 0.0032 | pay 0.0004% / 1h | 13m 22s | $423K | $499K | 10x |
| Short | tradeXYZ xyz:BABA | 116.90 | 0.0050 | get 0.0006% / 1h | 13m 22s | $12.0M | $3.5M | 10x |
Lighter RH BABA
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: +0.043% → −0.024%
- $6.65
- Slippage, 4 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$17.57
- Costs to cover
- 0.280%
- Break-even
- 39.5 days
Slippage from Lighter RH: live order book, 54 min ago; tradeXYZ: 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, 54 min ago | 2.14 bp | 2.5 bp −$2 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 2.14 bp | 11.1 bp −$11 | 12.9 bp −$129 | 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 | 116.94 | +0.074% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.97 | +0.103% | $2.1M | $555K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.98 | +0.111% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.83 | −0.017% | $1K | $3.7M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.00 | +0.128% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0011% | 8h | 116.99 | +0.121% | $3K | $224K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.99 | +0.120% | $385K | $45K | 10x | as long as short |
| Lighter RH BABAlong | +0.0032% | 1h | 116.85 | long leg | $423K | $499K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.864% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.98 | +0.111% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.87 | +0.017% | $73K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.95 | +0.086% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 116.90 | +0.043% | $12.0M | $3.5M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.90 | +0.043% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.87 | +0.017% | $239K | $366K | 10x | as long as short |
| Bitget BABAUSDT | +0.0052% | 8h | 117.01 | +0.137% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.88 | +0.026% | $609K | $528K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.95 | +0.086% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0137% | 8h | 116.72 | −0.108% | $263K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.87 | +0.019% | $43K | $365K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 116.95 | +0.089% | $15.6M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.94 | +0.077% | $65K | $71K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Bitget BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA