Funding you earn now, next payment 01:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter against Bybit+0.060%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$730.726% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.060%, 7d avg +0.094%
=Together, before fees+0.327%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.035% cheaper against Bybit than usual: you would sell low and buy high (spread +0.060% now, against its 7-day average of +0.094%). If the spread goes back, that is −$3 on $10k: about 3.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.233% in total) that is about 25 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 117.07 | 0 | get 0.0000% / 8h | 7h 00m | $2.2M | $597K | 25x |
| Short | Lighter BABA | 117.14 | 0.0032 | get 0.0004% / 1h | 0m 33s | $386K | $51K | 10x |
Bybit BABAUSDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $6.72
- Price spread: +0.060% → +0.094%
- −$3.47
- Slippage, 4 orders
- −$61.61
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$69.36
- Costs to cover
- 0.726%
- Break-even
- 79.2 days
Slippage from Bybit: live order book, 1 min ago; Lighter: live order book, 64 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 Bybit live order book, 1 min ago | 3.83 bp | 18.3 bp −$18 | 82.2 bp −$822 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 64 min ago | 8.58 bp | 23.7 bp −$24 | 29.5 bp −$295 | 76.2 bp −$7,618 | 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 | 116.90 | −0.144% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 117.07 | long leg | $2.2M | $597K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.02 | −0.043% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.08 | +0.009% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.91 | −0.136% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.28 | +0.179% | $636 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.87 | −0.171% | $37K | $2K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.14 | +0.060% | $386K | $51K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.00 | −0.060% | $423K | $516K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.051% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.03 | −0.034% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.97 | −0.085% | $12.3M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.90 | −0.145% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.40 | +0.282% | $238K | $359K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 117.01 | −0.051% | $1.2M | $4.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.051% | $608K | $538K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.32 | +0.214% | $1K | $1K | 10x | as long as short |
| Variational Omni BABA | +0.0155% | 8h | 117.28 | +0.179% | $303K | $619K | — | as long as short |
| Extended BABA_24_5-USD | +0.0208% | 1h | 117.01 | −0.051% | $47K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0211% | 8h | 117.03 | −0.033% | $15.5M | $22.9M | 20x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.94 | −0.111% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 117.06 | −0.009% | $74K | $102K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Arcus BABA-USD