Funding you earn now, next payment 21:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.049%
Price spread now: Lighter against Extended+0.089%7-day average +0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now +0.089%, 7d avg +0.112%
=Together, before fees+0.137%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter is 0.023% cheaper against Extended than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.112%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 116.05 | 0.0080 | pay 0.0010% / 1h | 31m 21s | $18K | $359K | 10x |
| Short | Lighter BABA | 116.15 | 0.0032 | get 0.0004% / 1h | 31m 21s | $384K | $51K | 10x |
Extended BABA_24_5-USD
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$10.08
- Price spread: +0.089% → +0.112%
- −$2.3
- Slippage, 4 orders
- −$50.38
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$67.76
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Extended: live order book, 16 min ago; Lighter: live order book, 12 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 Extended live order book, 16 min ago | 1.73 bp | 11.3 bp −$11 | 92.0 bp −$920 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 12 min ago | 10.33 bp | 20.7 bp −$21 | 26.2 bp −$262 | 72.9 bp −$7,290 | 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 | 116.04 | −0.007% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.00 | −0.040% | $2.2M | $600K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.04 | −0.005% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.01 | −0.031% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 115.95 | −0.086% | $289K | $606K | — | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.05 | +0.003% | $897 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.04 | −0.005% | $37K | $2K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 116.15 | +0.089% | $384K | $51K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.03 | −0.014% | $450K | $583K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.178% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
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 | 115.98 | −0.057% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.99 | −0.048% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.94 | −0.091% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.90 | −0.126% | $248K | $328K | 10x | as long as short |
| QFEX BABA-USD | +0.0065% | 1h | 116.03 | −0.014% | $1.2M | $4.9M | 10x | as long as short |
| Extended BABA_24_5-USDlong | +0.0080% | 1h | 116.05 | long leg | $18K | $359K | 10x | |
| Binance BABAUSDT | +0.0082% | 8h | 116.05 | +0.001% | $15.5M | $19.9M | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0086% | 8h | 116.00 | −0.042% | $3K | $269K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.94 | −0.091% | $602K | $722K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.04 | −0.005% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0345% | 1h | 116.06 | +0.012% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0765% | 1h | 116.03 | −0.014% | $79K | $93K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Binance BABAUSDT
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD