Funding you earn now, next payment 07:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h −0.129%
Price spread now: Lighter against Arcus+0.137%7-day average +0.096% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 4 days (all we have)−0.170%−$17 on $10k
+Price spread, last 4 days (all we have)+0.064%+$6 · spread now +0.137%, 7d avg +0.096%
=Together, before fees−0.106%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.041% dearer against Arcus than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 116.87 | 0.0040 | pay 0.0005% / 1h | 20m 15s | $71K | $110K | 10x |
| Short | Lighter BABA | 117.03 | 0.0032 | get 0.0004% / 1h | 20m 15s | $372K | $72K | 10x |
Arcus BABA-USD
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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
- −$1.74
- Price spread: +0.137% → +0.096%
- $4.05
- Slippage, 4 orders
- −$64.08
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$66.27
- Costs to cover
- 0.686%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 14 min ago; Lighter: live order book, 14 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 Arcus live order book, 14 min ago | 5.56 bp | 13.3 bp −$13 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 14 min ago | 10.67 bp | 29.5 bp −$29 | 32.8 bp −$328 | 79.0 bp −$7,896 | 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 | 117.06 | +0.165% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.97 | +0.086% | $2.1M | $734K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.95 | +0.068% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.96 | +0.077% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.95 | +0.068% | $575 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.86 | −0.009% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0022% | 8h | 116.89 | +0.016% | $2K | $194K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.03 | +0.137% | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.93 | +0.051% | $434K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.881% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USDlong | +0.0040% | 1h | 116.87 | long leg | $71K | $110K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.94 | +0.060% | — | $19K | 10x | as long as short |
| Variational Omni BABA | +0.0048% | 8h | 116.93 | +0.055% | $364K | $753K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.89 | +0.017% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.89 | +0.017% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.82 | −0.043% | $227K | $421K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.95 | +0.068% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.83 | −0.034% | $607K | $388K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.94 | +0.060% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0120% | 8h | 116.95 | +0.066% | $15.1M | $32.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.92 | +0.044% | $44K | $308K | 10x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.84 | −0.026% | $65K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Variational Omni BABA
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA