Funding you earn now, next payment 05:00 UTC−0.0014%/8h= −1.5% APRnext payment −$0.02 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Vest−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Lighter RH is 0.034% cheaper against Vest than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Vest BABA-USD-PERP | 118.26 | 0.0046 | pay 0.0006% / 1h | 2m 57s | — | $19K | 10x |
| Short | Lighter RH BABA | 118.22 | 0.0032 | get 0.0004% / 1h | 2m 57s | $437K | $508K | 10x |
Vest BABA-USD-PERP
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Vest. 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
- −$2.87
- Price spread: −0.034% → 0.000%
- −$3.38
- Slippage, 4 orders
- no order book: not counted
- Fee Vest: 1 bp × 2 orders
- −$2
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$8.26
- Costs to cover
- 0.020%
- Break-even
- never at this rate
Slippage unknown: Vest: no order-book sample; Lighter RH: live order book, 49 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 RH live order book, 49 min ago | 1.69 bp | 2.6 bp −$3 | 9.5 bp −$95 | doesn't fit | 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 | 118.33 | +0.057% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.29 | +0.025% | $2.1M | $706K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.29 | +0.025% | $1.5M | $2.0M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.31 | +0.042% | $906 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.36 | +0.085% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.29 | +0.025% | $376K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 118.22 | −0.034% | $437K | $508K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.046% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.30 | +0.034% | $72K | $109K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0043% | 8h | 118.34 | +0.067% | $3K | $193K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Injective BABA/USDC PERP
Arcus BABA-USD
GRVT BABA_USDT_PerpShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERPlong | +0.0046% | 1h | 118.26 | long leg | — | $19K | 10x | |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.21 | −0.042% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.18 | −0.068% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.26 | 0.000% | $239K | $408K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.27 | +0.008% | $1.2M | $3.6M | 10x | as long as short |
| Variational Omni BABA | +0.0078% | 8h | 118.34 | +0.071% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.11 | −0.127% | $615K | $452K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.24 | −0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0158% | 8h | 118.29 | +0.027% | $15.7M | $30.7M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.27 | +0.008% | $43K | $356K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.23 | −0.025% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0232% | 8h | 118.27 | +0.008% | $2.4M | $1.7M | 20x | as long as short |
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