Funding you earn now, next payment 06:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against tradeXYZ+0.068%7-day average +0.172% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$680.680% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now +0.068%, 7d avg +0.172%
=Together, before fees+0.196%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$20 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 0.104% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.172%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.057%, 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 | tradeXYZ xyz:BABA | 117.69 | 0.0050 | pay 0.0006% / 1h | 7m 11s | $11.9M | $4.4M | 10x |
| Short | Lighter BABA | 117.77 | 0.0032 | get 0.0004% / 1h | 7m 11s | $375K | $73K | 10x |
tradeXYZ xyz:BABA
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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: +0.068% → +0.172%
- −$10.44
- Slippage, 4 orders
- −$50
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$82.23
- Costs to cover
- 0.680%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 12 min ago; Lighter: live order book, 32 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 tradeXYZ live order book, 12 min ago | 1.28 bp | 12.5 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 32 min ago | 11.41 bp | 22.6 bp −$23 | 25.0 bp −$250 | 69.8 bp −$6,982 | 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 | 117.88 | +0.162% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.76 | +0.059% | $2.1M | $720K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.77 | +0.068% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.73 | +0.034% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.76 | +0.059% | $677 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.76 | +0.059% | $30K | $18K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.77 | +0.068% | $375K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.69 | 0.000% | $437K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.572% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.66 | −0.025% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | 117.77 | +0.068% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 117.69 | long leg | $11.9M | $4.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.63 | −0.051% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.67 | −0.017% | $240K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.73 | +0.034% | $1.2M | $3.2M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0088% | 8h | 117.76 | +0.056% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.66 | −0.025% | $612K | $420K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.71 | +0.017% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0109% | 8h | 117.76 | +0.063% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0174% | 8h | 117.75 | +0.051% | $15.6M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.71 | +0.014% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.69 | 0.000% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA