Funding you earn now, next payment 07:00 UTC+0.0083%/8h= +9.1% APRpaid last 24h +0.060%
Price spread now: Binance against Lighter0.000%7-day average −0.066% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$610.615% of the position
Funding, last 7 days−0.040%−$4 on $10k
+Price spread, last 4 days (all we have)−0.059%−$6 · spread now 0.000%, 7d avg −0.066%
=Together, before fees−0.099%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.066% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.066%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.01 | 0.0032 | pay 0.0004% / 1h | 13m 02s | $372K | $72K | 10x |
| Short | Binance BABAUSDT | 117.01 | 0.0115 | get 0.0115% / 8h | 1h 13m | $15.1M | $32.6M | 20x |
Lighter BABA
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $17.53
- Price spread: 0.000% → −0.066%
- $6.64
- Slippage, 4 orders
- −$51.48
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$37.3
- Costs to cover
- 0.615%
- Break-even
- 21.9 days
Slippage from Lighter: live order book, 21 min ago; Binance: live order book, 14 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, 21 min ago | 10.67 bp | 15.7 bp −$16 | 18.3 bp −$183 | 64.3 bp −$6,428 | doesn't fit |
| Sell Binance live order book, 14 min ago | 0.86 bp | 8.5 bp −$8 | 25.3 bp −$253 | 66.7 bp −$6,667 | 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 | 117.08 | +0.061% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.03 | +0.017% | $2.1M | $732K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.02 | +0.009% | $1.5M | $2.1M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.02 | +0.009% | $2.4M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.02 | +0.009% | $532 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.09 | +0.068% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0016% | 8h | 117.05 | +0.034% | $2K | $194K | 10x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.01 | long leg | $372K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.93 | −0.068% | $434K | $512K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.000% | $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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0035% | 8h | 116.96 | −0.039% | $364K | $753K | — | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.95 | −0.051% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.94 | −0.060% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.93 | −0.068% | $11.8M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.94 | −0.060% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.86 | −0.128% | $224K | $425K | 10x | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.99 | −0.017% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.85 | −0.137% | $608K | $381K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.00 | −0.009% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0112% | 1h | 116.98 | −0.029% | $44K | $293K | 10x | as long as short |
| Binance BABAUSDTshort | +0.0115% | 8h | 117.01 | 0.000% | $15.1M | $32.6M | 20x | |
| Phoenix BABA | +0.0204% | 1h | 116.92 | −0.077% | $65K | $89K | 10x | as long as short |
Variational Omni BABA
Arcus BABA-USD
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
Extended BABA_24_5-USD
Phoenix BABA