Funding you earn now, next payment 12:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.006%
Price spread now: Lighter RH against Ondo Perps+0.034%7-day average +0.047% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.025%+$3 · spread now +0.034%, 7d avg +0.047%
=Together, before fees−0.048%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 119.26 | 0.0050 | pay 0.0006% / 1h | 56m 46s | $184K | $482K | 10x |
| Short | Lighter RH BABA | 119.30 | 0.0032 | get 0.0004% / 1h | 56m 46s | $404K | $489K | 10x |
Ondo Perps BABA-USD.P
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.034% → +0.047%
- −$1.33
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$10.19
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 49 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 RH live order book, 49 min ago | 2.93 bp | 3.8 bp −$4 | 13.1 bp −$131 | doesn't fit | 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 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 | 119.17 | −0.077% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.32 | +0.050% | $2.1M | $742K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.32 | +0.050% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.30 | +0.034% | $2.3M | $2.2M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.39 | +0.111% | $3K | $185K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.18 | −0.067% | $733 | $2.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.33 | +0.059% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USD | +0.0023% | 1h | 119.28 | +0.017% | $1.3M | $2.8M | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 119.30 | +0.034% | $404K | $489K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.868% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
QFEX BABA-USD
Injective BABA/USDC PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 119.17 | −0.075% | $71K | $104K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.35 | +0.075% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.23 | −0.025% | $9K | $167K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 119.26 | long leg | $184K | $482K | 10x | |
| Variational Omni BABA | +0.0091% | 8h | 119.31 | +0.041% | $372K | $754K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0094% | 1h | 119.27 | +0.008% | $12.0M | $4.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.20 | −0.050% | $622K | $571K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.24 | −0.017% | $2K | $798 | 10x | as long as short |
| Lighter BABA | +0.0104% | 1h | 119.40 | +0.117% | $383K | $74K | 10x | as long as short |
| Binance BABAUSDT | +0.0119% | 8h | 119.29 | +0.029% | $15.0M | $34.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 119.27 | +0.010% | $24K | $334K | 10x | as long as short |
| Phoenix BABA | +0.0267% | 1h | 119.36 | +0.084% | $67K | $100K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Variational Omni BABA
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Lighter BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA