Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.012%
Price spread now: SunX against Lighter−0.008%7-day average −0.074% · you buy dearer than you sell
Net, funding: paid 7d − costs−$196as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1721.722% of the position
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.008%, 7d avg −0.074%
=Together, before fees−0.301%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.065% dearer against Lighter than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.074%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.8 days. At the pace of the last 7 days (−0.233% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 117.67 | 0.0032 | pay 0.0004% / 1h | 26m 19s | $374K | $73K | 10x |
| Short | SunX BABA-USDT | 117.66 | 0 | get 0.0000% / 8h | 2h 26m | $928 | $3.4M | 20x |
Lighter BABA
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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: −0.008% → −0.074%
- $6.5
- Slippage, 4 orders
- −$164.22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$172.44
- Costs to cover
- 1.722%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; SunX: live order book, 12 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, 13 min ago | 11.41 bp | 20.3 bp −$20 | 22.5 bp −$225 | 67.1 bp −$6,711 | doesn't fit |
| Sell SunX live order book, 12 min ago | 46.11 bp | 65.0 bp −$65 | 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 | 117.83 | +0.139% | $70K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.60 | −0.059% | $2.1M | $721K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.62 | −0.042% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.60 | −0.059% | $2.4M | $1.7M | 20x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 117.66 | −0.008% | $928 | $3.4M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.74 | +0.059% | $30K | $18K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 117.67 | long leg | $374K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 117.59 | −0.068% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.555% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.62 | −0.042% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.58 | −0.076% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.55 | −0.102% | $11.9M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.55 | −0.102% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.62 | −0.042% | $238K | $400K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.58 | −0.076% | $1.2M | $3.4M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0077% | 8h | 117.75 | +0.070% | $2K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.55 | −0.102% | $611K | $430K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.63 | −0.034% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0107% | 8h | 117.68 | +0.006% | $265K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0168% | 1h | 117.62 | −0.044% | $43K | $357K | 10x | as long as short |
| Binance BABAUSDT | +0.0171% | 8h | 117.64 | −0.025% | $15.6M | $31.2M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.73 | +0.051% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA