Funding arb · Price arb /

BABA

RWAall BABA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.010%

Price spread now: Lighter RH against HTX−0.120%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories

Funding pays, the price is against you. Lighter RH is 0.120% cheaper against HTX than usual: you would sell low and buy high (spread −0.120% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BABA-USDT	116.42	0	get 0.0000% / 8h	42m 13s	$37K	$2K	20x
Short	Lighter RH BABA	116.28	0.0032	get 0.0004% / 1h	42m 13s	$447K	$580K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HTXbpFee Lighter RHbpOrdersPrice spread, now −0.120%Rate

Funding earned: $6.72
Price spread: −0.120% → 0.000%: −$12.03
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.31
Costs to cover: 0.120%
Break-even: 25.0 days

Slippage unknown: HTX: no order-book sample; Lighter RH: live order book, 35 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Lighter RH live order book, 35 min ago	1.72 bp	2.5 bp −$2	10.1 bp −$101	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	116.23	−0.160%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.31	−0.094%	$2.2M	$595K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.31	−0.094%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.35	−0.060%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.30	−0.103%	$799	$4.2M	20x	as long as short
HTX BABA-USDTlong	0.0000%	8h	116.42	long leg	$37K	$2K	20x
Variational Omni BABA	+0.0006%	8h	116.25	−0.146%	$300K	$620K	—	as long as short
Lighter RH BABAshort	+0.0032%	1h	116.28	−0.120%	$447K	$580K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.498%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.19	−0.198%	—	$9K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BABA-USD	+0.0047%	1h	116.23	−0.163%	$1.2M	$5.1M	10x	as long as short
GRVT BABA_USDT_Perp	+0.0049%	8h	116.27	−0.129%	$3K	$247K	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.18	−0.206%	$10K	$263K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.04	−0.326%	$242K	$352K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.19	−0.198%	$602K	$603K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.30	−0.103%	$2K	$1K	10x	as long as short
Binance BABAUSDT	+0.0110%	8h	116.31	−0.094%	$15.3M	$21.5M	20x	as long as short
Lighter BABA	+0.0112%	1h	116.42	0.000%	$385K	$49K	10x	as long as short
Extended BABA_24_5-USD	+0.0112%	1h	116.30	−0.106%	$42K	$383K	10x	as long as short
tradeXYZ xyz:BABA	+0.0145%	1h	116.26	−0.137%	$12.1M	$3.1M	10x	as long as short
Phoenix BABA	+0.0276%	1h	116.24	−0.155%	$65K	$143K	10x	as long as short
Arcus BABA-USD	+0.0394%	1h	116.28	−0.120%	$78K	$94K	10x	as long as short