Funding you earn now, next payment 01:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.008%
Price spread now: Bitget against Lighter−0.103%7-day average −0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$90as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$690.690% of the position
Funding, last 7 days−0.207%−$21 on $10k
+Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.103%, 7d avg −0.049%
=Together, before fees−0.241%+ Points / potential airdropLighter: Season 3 · farm board−$24 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 Bitget is 0.054% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.049%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.52 | 0.0032 | pay 0.0004% / 1h | 28m 09s | $385K | $50K | 10x |
| Short | Bitget BABAUSDT | 116.40 | 0 | get 0.0000% / 8h | 7h 28m | $2.5M | $1.3M | 20x |
Lighter BABA
Bitget BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$6.72
- Price spread: −0.103% → −0.049%
- −$5.37
- Slippage, 4 orders
- −$57.04
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$81.13
- Costs to cover
- 0.690%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 37 min ago; Bitget: live order book, 4 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, 37 min ago | 8.58 bp | 13.5 bp −$14 | 16.4 bp −$164 | 62.6 bp −$6,257 | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.58 bp | 16.8 bp −$17 | 128.4 bp −$1,284 | 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 | 116.43 | −0.078% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.47 | −0.043% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.44 | −0.069% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDTshort | 0.0000% | 8h | 116.40 | −0.103% | $2.5M | $1.3M | 20x | |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.42 | −0.087% | $3K | $235K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.42 | −0.086% | $602 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.48 | −0.034% | $37K | $2K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 116.52 | long leg | $385K | $50K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.37 | −0.129% | $444K | $482K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.584% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
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 | 116.39 | −0.112% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.36 | −0.137% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.33 | −0.163% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.25 | −0.232% | $239K | $342K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.42 | −0.086% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.35 | −0.146% | $604K | $547K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.43 | −0.077% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0143% | 8h | 116.43 | −0.080% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0198% | 8h | 116.43 | −0.081% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0200% | 1h | 116.40 | −0.105% | $42K | $500K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.41 | −0.094% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.40 | −0.103% | $75K | $100K | 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
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD