Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.018%
Price spread now: KuCoin against Lighter−0.120%7-day average −0.164% · you buy dearer than you sell
Net, funding: paid 7d − costs−$190as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1881.879% of the position
Funding, last 7 days−0.023%−$2 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.120%, 7d avg −0.164%
=Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.044% dearer against Lighter than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.164%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 116.57 | 0.0032 | pay 0.0004% / 1h | 23m 16s | $385K | $50K | 10x |
| Short | KuCoin BABAUSDTM | 116.43 | 0.0100 | get 0.0100% / 8h | 7h 23m | $603K | $545K | 20x |
Lighter BABA
KuCoin BABAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14.28
- Price spread: −0.120% → −0.164%
- $4.37
- Slippage, 4 orders
- −$175.92
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$169.28
- Costs to cover
- 1.879%
- Break-even
- 90.0 days
Slippage from Lighter: live order book, 41 min ago; KuCoin: live order book, 30 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, 41 min ago | 8.58 bp | 13.5 bp −$14 | 16.4 bp −$164 | 62.6 bp −$6,257 | doesn't fit |
| Sell KuCoin live order book, 30 min ago | 14.18 bp | 73.5 bp −$74 | doesn't fit | 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 | 116.49 | −0.068% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.53 | −0.034% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.51 | −0.051% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.42 | −0.129% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.47 | −0.084% | $3K | $234K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.48 | −0.077% | $829 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.50 | −0.060% | $37K | $2K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 116.57 | long leg | $385K | $50K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.45 | −0.103% | $440K | $491K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.626% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 116.48 | −0.077% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.44 | −0.112% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.39 | −0.154% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.38 | −0.163% | $239K | $342K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.44 | −0.112% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTMshort | +0.0100% | 8h | 116.43 | −0.120% | $603K | $545K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.49 | −0.069% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0137% | 8h | 116.43 | −0.119% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0192% | 8h | 116.48 | −0.077% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.45 | −0.099% | $42K | $437K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.47 | −0.086% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.46 | −0.094% | $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
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD