Funding you earn now, next payment 04:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter against SunX0.000%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$174as in the Price arb table
costs, in and out, $10k−$1661.664% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg +0.075%
=Together, before fees+0.233%+ Points / potential airdropLighter: Season 3 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.075% cheaper against SunX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.075%). If the spread goes back, that is −$7 on $10k: about 7.8 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.233% in total) that is about 2.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BABA-USDT | 118.37 | 0 | get 0.0000% / 8h | 4h 13m | $967 | $3.4M | 20x |
| Short | Lighter BABA | 118.37 | 0.0032 | get 0.0004% / 1h | 13m 12s | $377K | $73K | 10x |
SunX BABA-USDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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: 0.000% → +0.075%
- −$7.46
- Slippage, 4 orders
- −$158.4
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$167.14
- Costs to cover
- 1.664%
- Break-even
- 181.1 days
Slippage from SunX: live order book, 5 min ago; Lighter: live order book, 36 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 SunX live order book, 5 min ago | 45.58 bp | 64.0 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 36 min ago | 11.76 bp | 23.6 bp −$24 | 26.1 bp −$261 | 70.6 bp −$7,061 | 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 | 118.36 | −0.005% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.39 | +0.017% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.36 | −0.008% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDTlong | 0.0000% | 8h | 118.37 | long leg | $967 | $3.4M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 118.43 | +0.051% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0020% | 8h | 118.44 | +0.059% | $3K | $216K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.37 | 0.000% | $377K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.30 | −0.059% | $436K | $506K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.137% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.36 | −0.008% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.39 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.22 | −0.127% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.28 | −0.076% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.32 | −0.042% | $240K | $407K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.35 | −0.017% | $1.2M | $4.2M | 10x | as long as short |
| Variational Omni BABA | +0.0074% | 8h | 118.39 | +0.021% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.25 | −0.101% | $616K | $481K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.32 | −0.042% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0143% | 8h | 118.35 | −0.017% | $15.7M | $30.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.32 | −0.044% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.39 | +0.017% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0557% | 8h | 118.35 | −0.017% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT