Funding you earn now, next payment 03:00 UTC+0.0018%/8h= +2.0% APRnext payment +$0.02 per $10,000 · paid last 24h +0.010%
Price spread now: tradeXYZ against Lighter−0.084%7-day average −0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$55as in the Price arb table
costs, in and out, $10k−$640.637% of the position
Funding, last 7 days−0.050%−$5 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now −0.084%, 7d avg −0.174%
=Together, before fees−0.169%+ Points / potential airdropLighter: Season 3 · tradeXYZ: Active · farm board−$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.090% dearer against Lighter than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.174%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter BABA | 119.10 | 0.0032 | pay 0.0004% / 1h | 24m 51s | $380K | $72K | 10x |
| Short | tradeXYZ xyz:BABA | 119.00 | 0.0050 | get 0.0006% / 1h | 24m 51s | $12.0M | $3.9M | 10x |
Lighter BABA
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $3.78
- Price spread: −0.084% → −0.174%
- $8.98
- Slippage, 4 orders
- −$45.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$50.91
- Costs to cover
- 0.637%
- Break-even
- 101.3 days
Slippage from Lighter: live order book, 30 min ago; tradeXYZ: live order book, 3 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, 30 min ago | 11.44 bp | 13.1 bp −$13 | 15.8 bp −$158 | 62.0 bp −$6,200 | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.68 bp | 11.6 bp −$12 | 16.7 bp −$167 | 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 | 119.16 | +0.048% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.17 | +0.059% | $2.2M | $642K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.10 | 0.000% | $1.5M | $1.8M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.39 | +0.242% | $3K | $218K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.09 | −0.008% | $673 | $3.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.19 | +0.076% | $30K | $18K | 20x | as long as short |
| Lighter BABAlong | +0.0032% | 1h | 119.10 | long leg | $380K | $72K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 119.00 | −0.084% | $428K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.737% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 119.42 | +0.269% | $72K | $109K | 10x | 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 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 | 119.18 | +0.067% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 119.00 | −0.084% | $12.0M | $3.9M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.97 | −0.109% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.95 | −0.126% | $238K | $395K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.01 | −0.076% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0092% | 8h | 119.27 | +0.139% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.19 | +0.076% | $621K | $512K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.17 | +0.059% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0150% | 8h | 119.11 | +0.008% | $15.6M | $27.8M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0152% | 1h | 119.08 | −0.017% | $44K | $368K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 120.05 | +0.798% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0912% | 8h | 119.07 | −0.025% | $2.5M | $1.5M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT