Funding you earn now, next payment 04:00 UTC−0.0557%/8h= −61.0% APRpaid last 24h −0.008%
Price spread now: Lighter against Bitget−0.025%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$670.666% of the position
Funding, last 7 days+0.207%+$21 on $10k
+Price spread, last 4 days (all we have)+0.140%+$14 · spread now −0.025%, 7d avg +0.049%
=Together, before fees+0.346%+ Points / potential airdropLighter: Season 3 · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Lighter is 0.075% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.049%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.207%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.207% in total (about 10.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BABAUSDT | 118.52 | 0.0589 | pay 0.0589% / 8h | 4h 17m | $2.4M | $1.7M | 20x |
| Short | Lighter BABA | 118.49 | 0.0032 | get 0.0004% / 1h | 17m 02s | $377K | $73K | 10x |
Bitget BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bitget. 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
- −$116.97
- Price spread: −0.025% → +0.049%
- −$7.45
- Slippage, 4 orders
- −$54.57
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$191
- Costs to cover
- 0.666%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Lighter: live order book, 33 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 Bitget live order book, 5 min ago | 2.95 bp | 13.8 bp −$14 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 33 min ago | 11.76 bp | 23.6 bp −$24 | 26.1 bp −$261 | 70.6 bp −$7,061 | 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 | 118.51 | −0.007% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.48 | −0.034% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.48 | −0.034% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.49 | −0.025% | $802 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.44 | −0.067% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0029% | 8h | 118.54 | +0.017% | $3K | $215K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.49 | −0.025% | $377K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.43 | −0.076% | $436K | $506K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.261% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.41 | −0.093% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.50 | −0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.37 | −0.127% | $11.9M | $4.1M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.40 | −0.101% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.29 | −0.194% | $242K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0068% | 1h | 118.43 | −0.076% | $1.2M | $4.2M | 10x | as long as short |
| Variational Omni BABA | +0.0077% | 8h | 118.43 | −0.073% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.45 | −0.059% | $617K | $483K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.47 | −0.042% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0149% | 8h | 118.51 | −0.008% | $15.7M | $30.2M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 118.44 | −0.069% | $44K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.39 | −0.110% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDTlong | +0.0589% | 8h | 118.52 | long leg | $2.4M | $1.7M | 20x |
Vest BABA-USD-PERP
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