Funding you earn now, next payment 07:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.129%
Price spread now: Arcus against Lighter−0.188%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$690.686% of the position
Funding, last 4 days (all we have)+0.170%+$17 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.188%, 7d avg −0.096%
=Together, before fees+0.157%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Arcus is 0.092% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.04 | 0.0032 | pay 0.0004% / 1h | 22m 33s | $372K | $72K | 10x |
| Short | Arcus BABA-USD | 116.82 | 0.0040 | get 0.0005% / 1h | 22m 33s | $71K | $110K | 10x |
Lighter BABA
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Lighter. 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
- $1.74
- Price spread: −0.188% → −0.096%
- −$9.16
- Slippage, 4 orders
- −$64.08
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$76
- Costs to cover
- 0.686%
- Break-even
- 313.0 days
Slippage from Lighter: live order book, 12 min ago; Arcus: live order book, 11 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 Lighter live order book, 12 min ago | 10.67 bp | 15.7 bp −$16 | 18.3 bp −$183 | 64.3 bp −$6,428 | doesn't fit |
| Sell Arcus live order book, 11 min ago | 5.56 bp | 10.1 bp −$10 | 12.4 bp −$124 | doesn't fit | 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 | 117.02 | −0.021% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.00 | −0.034% | $2.1M | $734K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.97 | −0.060% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.99 | −0.043% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | −0.145% | $636 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.86 | −0.154% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0027% | 8h | 116.77 | −0.232% | $2K | $194K | 10x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.04 | long leg | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.96 | −0.068% | $434K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.025% | $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-USDshort | +0.0040% | 1h | 116.82 | −0.188% | $71K | $110K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.93 | −0.094% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.89 | −0.128% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.91 | −0.111% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.61 | −0.367% | $227K | $419K | 10x | as long as short |
| Variational Omni BABA | +0.0053% | 8h | 116.82 | −0.188% | $364K | $753K | — | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.95 | −0.077% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.80 | −0.205% | $607K | $390K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.91 | −0.111% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0120% | 1h | 116.96 | −0.069% | $44K | $308K | 10x | as long as short |
| Binance BABAUSDT | +0.0120% | 8h | 116.98 | −0.048% | $15.1M | $32.5M | 20x | as long as short |
| Phoenix BABA | +0.0204% | 1h | 116.77 | −0.231% | $65K | $89K | 10x | as long as short |
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
Binance BABAUSDT
Phoenix BABA