BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0244%/8h= +26.7% APRnext payment +$0.30 per $10,000 · paid last 24h +0.063%

Price spread now: Phoenix against Lighter RH+0.034%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs+$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$260.260% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.382%+$38 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now +0.034%, 7d avg +0.040%

Together, before fees+0.330%+ Points / potential airdropLighter RH: Points live · farm board+$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH BABA	116.30	0.0032	pay 0.0004% / 1h	39m 00s	$446K	$580K	10x
Short	Phoenix BABA	116.34	0.0276	get 0.0034% / 1h	39m 00s	$65K	$143K	10x

Funding history

latest

Range statsloading…

Phoenix against Lighter RH. 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 Lighter RHbpFee PhoenixbpOrdersPrice spread, now +0.034%Rate

Slippage from Lighter RH: live order book, 38 min ago; Phoenix: live order book, 31 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 RH live order book, 38 min ago	1.72 bp	2.6 bp −$3	7.9 bp −$79	doesn't fit	doesn't fit
Sell Phoenix live order book, 31 min ago	2.58 bp	10.5 bp −$10	21.9 bp −$219	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	116.25	−0.047%	$75K	$27K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	116.27	−0.026%	$2.2M	$595K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	116.31	+0.009%	$1.4M	$1.7M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	116.35	+0.043%	$2.5M	$1.4M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	116.31	+0.009%	$899	$4.2M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	116.38	+0.069%	$37K	$2K	20x	as long as short
Variational Omni BABA	+0.0028%	8h	116.29	−0.008%	$300K	$620K	—	as long as short
Lighter RH BABAlong	+0.0032%	1h	116.30	long leg	$446K	$580K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−0.396%	$11K	$26K	12x	as long as short
Vest BABA-USD-PERP	+0.0046%	1h	116.20	−0.086%	—	$9K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BABA-USD	+0.0047%	1h	116.28	−0.017%	$1.2M	$5.2M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	116.18	−0.103%	$10K	$263K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	116.04	−0.224%	$243K	$352K	10x	as long as short
GRVT BABA_USDT_Perp	+0.0068%	8h	116.30	−0.003%	$2K	$248K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	116.24	−0.052%	$602K	$601K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	116.32	+0.017%	$2K	$1K	10x	as long as short
Lighter BABA	+0.0112%	1h	116.45	+0.129%	$385K	$49K	10x	as long as short
Extended BABA_24_5-USD	+0.0120%	1h	116.28	−0.016%	$42K	$383K	10x	as long as short
Binance BABAUSDT	+0.0121%	8h	116.32	+0.016%	$15.3M	$21.3M	20x	as long as short
tradeXYZ xyz:BABA	+0.0158%	1h	116.27	−0.026%	$12.1M	$3.0M	10x	as long as short
Phoenix BABAshort	+0.0276%	1h	116.34	+0.034%	$65K	$143K	10x
Arcus BABA-USD	+0.0394%	1h	116.29	−0.009%	$78K	$94K	10x	as long as short