BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.014%

Price spread now: Lighter RH against tradeXYZ+0.034%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$280.280% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.034%, 7d avg +0.024%

Together, before fees−0.125%+ Points / potential airdroptradeXYZ: Active · Lighter RH: Points live · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, 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	tradeXYZ xyz:BABA	116.86	0.0050	pay 0.0006% / 1h	12m 58s	$12.0M	$3.5M	10x
Short	Lighter RH BABA	116.90	0.0032	get 0.0004% / 1h	12m 58s	$423K	$499K	10x

Funding history

latest

Range statsloading…

Lighter RH against tradeXYZ. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Position, each leg$Hold fordaysFee tradeXYZbpFee Lighter RHbpOrdersPrice spread, now +0.034%Rate

Slippage from tradeXYZ: live order book, 6 min ago; Lighter RH: live order book, 54 min ago.

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, 6 min ago	2.14 bp	11.1 bp −$11	17.3 bp −$173	doesn't fit	doesn't fit
Sell Lighter RH live order book, 54 min ago	2.14 bp	3.3 bp −$3	11.8 bp −$118	doesn't fit	doesn't fit

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	116.96	+0.085%	$77K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.05	+0.163%	$2.2M	$556K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.97	+0.094%	$1.5M	$1.6M	50x	as long as short
SunX BABA-USDT	0.0000%	8h	116.99	+0.111%	$862	$3.7M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.00	+0.120%	$37K	$2K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0011%	8h	116.99	+0.112%	$3K	$224K	10x	as long as short
Lighter BABA	+0.0032%	1h	117.03	+0.145%	$385K	$45K	10x	as long as short
Lighter RH BABAshort	+0.0032%	1h	116.90	+0.034%	$423K	$499K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.873%	$11K	$26K	12x	as long as short
QFEX BABA-USD	+0.0035%	1h	116.98	+0.103%	$1.2M	$4.5M	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BABA-USD	+0.0040%	1h	116.87	+0.009%	$73K	$100K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.95	+0.077%	—	$18K	10x	as long as short
tradeXYZ xyz:BABAlong	+0.0050%	1h	116.86	long leg	$12.0M	$3.5M	10x
Polymarket Perps BABA-USD	+0.0050%	1h	116.90	+0.034%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.87	+0.009%	$239K	$366K	10x	as long as short
Bitget BABAUSDT	+0.0052%	8h	117.11	+0.214%	$2.5M	$1.3M	20x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.91	+0.043%	$609K	$528K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.95	+0.077%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0137%	8h	116.72	−0.117%	$263K	$658K	—	as long as short
Extended BABA_24_5-USD	+0.0192%	1h	117.09	+0.197%	$43K	$365K	10x	as long as short
Binance BABAUSDT	+0.0194%	8h	117.04	+0.154%	$15.7M	$23.5M	20x	as long as short
Phoenix BABA	+0.0205%	1h	116.94	+0.068%	$65K	$71K	10x	as long as short