BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%

Price spread now: Bybit against Lighter−0.085%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$800.797% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days−0.233%−$23 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now −0.085%, 7d avg −0.089%

Together, before fees−0.316%+ Points / potential airdropLighter: Season 3 · farm board−$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.089%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter BABA	117.40	0.0032	pay 0.0004% / 1h	42m 35s	$374K	$71K	10x
Short	Bybit BABAUSDT	117.30	0	get 0.0000% / 8h	7h 42m	$2.1M	$727K	25x

Funding history

latest

Range statsloading…

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

latest

Price spreadloading…

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latest

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

Position, each leg$Hold fordaysFee LighterbpFee BybitbpOrdersPrice spread, now −0.085%Rate

Slippage from Lighter: live order book, 47 min ago; Bybit: live order book, 4 min ago.

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, 47 min ago	11.95 bp	18.6 bp −$19	20.6 bp −$206	65.6 bp −$6,562	doesn't fit
Sell Bybit live order book, 4 min ago	2.98 bp	14.1 bp −$14	90.7 bp −$907	doesn't fit	doesn't fit

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	117.19	−0.177%	$68K	$41K	20x	as long as short
Bybit BABAUSDTshort	0.0000%	8h	117.30	−0.085%	$2.1M	$727K	25x
Bitget BABAUSDT	0.0000%	8h	117.32	−0.068%	$2.3M	$1.9M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.35	−0.043%	$769	$2.8M	20x	as long as short
Gate BABA_USDT	+0.0002%	8h	117.35	−0.043%	$1.5M	$1.9M	50x	as long as short
Lighter BABAlong	+0.0032%	1h	117.40	long leg	$374K	$71K	10x
Lighter RH BABA	+0.0032%	1h	117.32	−0.068%	$436K	$494K	10x	as long as short
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.329%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.25	−0.128%	$70K	$140K	10x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	117.25	−0.128%	—	$19K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps BABA-USD	+0.0050%	1h	117.19	−0.179%	$8K	$281K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.16	−0.204%	$231K	$420K	10x	as long as short
QFEX BABA-USD	+0.0080%	1h	117.32	−0.068%	$1.2M	$2.9M	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.15	−0.213%	$612K	$402K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.37	−0.026%	$2K	$798	10x	as long as short
tradeXYZ xyz:BABA	+0.0116%	1h	117.25	−0.128%	$12.0M	$4.6M	10x	as long as short
Variational Omni BABA	+0.0131%	8h	117.33	−0.059%	$337K	$722K	—	as long as short
Extended BABA_24_5-USD	+0.0192%	1h	117.33	−0.060%	$43K	$311K	10x	as long as short
Binance BABAUSDT	+0.0195%	8h	117.36	−0.034%	$15.3M	$31.5M	20x	as long as short
Phoenix BABA	+0.0273%	1h	117.34	−0.051%	$66K	$89K	10x	as long as short
HTX BABA-USDT	+0.0301%	8h	117.41	+0.009%	$30K	$19K	20x	as long as short
GRVT BABA_USDT_Perp	+0.0705%	8h	117.32	−0.065%	$3K	$184K	10x	as long as short