Funding you earn now, next payment 07:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.060%
Price spread now: Lighter against Binance+0.069%7-day average +0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$590.587% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)−0.009%−$1 · spread now +0.069%, 7d avg +0.066%
=Together, before fees+0.031%+ Points / potential airdropLighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.066%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 116.74 | 0.0129 | pay 0.0129% / 8h | 1h 28m | $15.1M | $32.5M | 20x |
| Short | Lighter BABA | 116.82 | 0.0032 | get 0.0004% / 1h | 28m 52s | $372K | $72K | 10x |
Binance BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$20.27
- Price spread: +0.069% → +0.066%
- $0.21
- Slippage, 4 orders
- −$48.71
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.77
- Costs to cover
- 0.587%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 6 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 Binance live order book, 13 min ago | 0.43 bp | 8.1 bp −$8 | 19.8 bp −$198 | 70.8 bp −$7,075 | doesn't fit |
| Sell Lighter live order book, 6 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 | 116.94 | +0.174% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.75 | +0.009% | $2.1M | $734K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.76 | +0.017% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.75 | +0.009% | $2.3M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.77 | +0.026% | $810 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.80 | +0.051% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0029% | 8h | 116.70 | −0.034% | $3K | $193K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 116.82 | +0.069% | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.75 | +0.009% | $433K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.771% | $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-USD | +0.0040% | 1h | 116.74 | 0.000% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.74 | 0.000% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.67 | −0.060% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.72 | −0.017% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.68 | −0.051% | $227K | $420K | 10x | as long as short |
| Variational Omni BABA | +0.0057% | 8h | 116.66 | −0.065% | $362K | $752K | — | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.78 | +0.034% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.71 | −0.026% | $607K | $395K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.78 | +0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 116.71 | −0.024% | $43K | $304K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0129% | 8h | 116.74 | long leg | $15.1M | $32.5M | 20x | |
| Phoenix BABA | +0.0204% | 1h | 116.69 | −0.043% | $65K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA