Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Polymarket Perps+0.060%45s7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$590.591% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.110%+$11 · spread now +0.060%, 7d avg +0.147%
=Together, before fees+0.184%+ Points / potential airdropLighter: Season 3 · farm board+$18 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 0.087% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.147%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.76 | 0.0050 | pay 0.0006% / 1h | 55m 45s | $8K | $285K | 10x |
| Short | Lighter BABA | 116.83 | 0.0032 | get 0.0004% / 1h | 55m 45s | $372K | $72K | 10x |
Polymarket Perps BABA-USD
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket 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
- −$3.78
- Price spread: +0.060% → +0.147%
- −$8.68
- Slippage, 4 orders
- −$51.06
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$71.52
- Costs to cover
- 0.591%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 46 min ago; Lighter: live order book, 39 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 Polymarket Perps live order book, 46 min ago | 0.43 bp | 6.1 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 39 min ago | 10.67 bp | 29.5 bp −$29 | 32.8 bp −$328 | 79.0 bp −$7,896 | 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 | 116.77 | +0.009% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.73 | −0.026% | $2.1M | $731K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.78 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.81 | +0.043% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.83 | +0.060% | $827 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.96 | +0.171% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0013% | 8h | 116.96 | +0.171% | $3K | $193K | 10x | as long as short |
| Variational Omni BABA | +0.0026% | 8h | 116.81 | +0.046% | $364K | $747K | — | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 116.83 | +0.060% | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.73 | −0.026% | $433K | $501K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.788% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.81 | +0.043% | $71K | $110K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.80 | +0.034% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.79 | +0.026% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.67 | −0.077% | $11.7M | $4.5M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.76 | long leg | $8K | $285K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.73 | −0.026% | $229K | $427K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.75 | −0.009% | $607K | $381K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.81 | +0.043% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0101% | 8h | 116.75 | −0.013% | $15.1M | $32.4M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.72 | −0.034% | $44K | $293K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.93 | +0.146% | $65K | $89K | 10x | as long as short |
Injective BABA/USDC PERP
Arcus BABA-USD
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA