Funding you earn now, next payment 10:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Ondo Perps+0.068%7-day average +0.190% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.068%, 7d avg +0.190%
=Together, before fees+0.121%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.122% cheaper against Ondo Perps than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.190%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 118.21 | 0.0050 | pay 0.0006% / 1h | 57m 22s | $232K | $404K | 10x |
| Short | Lighter BABA | 118.29 | 0.0032 | get 0.0004% / 1h | 57m 22s | $377K | $71K | 10x |
Ondo Perps BABA-USD.P
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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
- −$3.86
- Price spread: +0.068% → +0.190%
- −$12.21
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.07
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 27 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 27 min ago | 9.80 bp | 31.0 bp −$31 | 34.5 bp −$345 | 79.7 bp −$7,975 | doesn't fit |
Ondo Perps: 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 | 118.20 | −0.008% | $69K | $39K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.25 | +0.034% | $2.1M | $697K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.23 | +0.017% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 118.25 | +0.034% | $2.4M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.26 | +0.042% | $550 | $2.7M | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.29 | +0.068% | $377K | $71K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.20 | −0.008% | $440K | $495K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.005% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.26 | +0.042% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.10 | −0.093% | $8K | $280K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
Polymarket Perps BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 118.21 | long leg | $232K | $404K | 10x | |
| QFEX BABA-USD | +0.0080% | 1h | 118.24 | +0.025% | $1.2M | $2.8M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.01 | −0.169% | $617K | $448K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.25 | +0.034% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0149% | 1h | 118.18 | −0.025% | $12.0M | $4.7M | 10x | as long as short |
| Variational Omni BABA | +0.0210% | 8h | 118.21 | +0.003% | $340K | $664K | — | as long as short |
| Phoenix BABA | +0.0273% | 1h | 118.22 | +0.008% | $66K | $88K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0280% | 1h | 118.22 | +0.007% | $45K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0282% | 8h | 118.26 | +0.042% | $15.4M | $31.3M | 20x | as long as short |
| HTX BABA-USDT | +0.0296% | 8h | 118.25 | +0.034% | $30K | $19K | 20x | as long as short |
| Arcus BABA-USD | +0.0335% | 1h | 118.17 | −0.034% | $71K | $136K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0615% | 8h | 118.24 | +0.026% | $3K | $180K | 10x | as long as short |
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
Phoenix BABA
Extended BABA_24_5-USD
Binance BABAUSDT
HTX BABA-USDT
Arcus BABA-USD
GRVT BABA_USDT_Perp