BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.002%

Price spread now: Lighter against Vest+0.112%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Vest Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · Lighter: Season 3 · farm boardneeds both histories

The price spread pays, funding is against you. Lighter is 0.112% dearer against Vest than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 27 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest BABA-USD-PERP	116.55	0.0046	pay 0.0006% / 1h	21m 52s	—	$18K	10x
Short	Lighter BABA	116.68	0.0032	get 0.0004% / 1h	21m 52s	$386K	$50K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee VestbpFee LighterbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$2.87
Price spread: +0.112% → 0.000%: $11.15
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Lighter: 0 bp × 2 orders: $0
Net: $6.28
Costs to cover: 0.020%
Break-even: from the start

Slippage unknown: Vest: no order-book sample; Lighter: live order book, 43 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 Vest no order-book sample	—	—	—	—	—
Sell Lighter live order book, 43 min ago	8.58 bp	23.7 bp −$24	29.5 bp −$295	76.2 bp −$7,618	doesn't fit

Vest: 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 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	116.57	+0.021%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.57	+0.017%	$2.2M	$583K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.59	+0.034%	$1.4M	$1.6M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.58	+0.026%	$2.5M	$1.3M	20x	as long as short
GRVT BABA_USDT_Perp	0.0000%	8h	116.47	−0.066%	$3K	$234K	10x	as long as short
SunX BABA-USDT	0.0000%	8h	116.58	+0.026%	$799	$4.1M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.50	−0.043%	$37K	$2K	20x	as long as short
Lighter BABAshort	+0.0032%	1h	116.68	+0.112%	$386K	$50K	10x
Lighter RH BABA	+0.0032%	1h	116.54	−0.009%	$440K	$491K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.609%	$11K	$26K	12x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERPlong	+0.0046%	1h	116.55	long leg	—	$18K	10x
tradeXYZ xyz:BABA	+0.0050%	1h	116.51	−0.034%	$12.1M	$2.9M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.48	−0.060%	$10K	$264K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.46	−0.077%	$239K	$343K	10x	as long as short
QFEX BABA-USD	+0.0072%	1h	116.55	0.000%	$1.2M	$5.1M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.44	−0.094%	$603K	$544K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.59	+0.034%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0137%	8h	116.43	−0.102%	$301K	$619K	—	as long as short
Binance BABAUSDT	+0.0189%	8h	116.54	−0.009%	$15.4M	$21.7M	20x	as long as short
Extended BABA_24_5-USD	+0.0192%	1h	116.51	−0.031%	$42K	$421K	10x	as long as short
Phoenix BABA	+0.0343%	1h	116.47	−0.069%	$65K	$133K	10x	as long as short
Arcus BABA-USD	+0.0626%	1h	116.47	−0.069%	$75K	$100K	10x	as long as short