BABA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.007%

Price spread now: QFEX against Lighter RH+0.051%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.193% of the position

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.051%, 7d avg +0.051%

Together, before fees−0.048%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.051%, 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 RH BABA	117.66	0.0032	pay 0.0004% / 1h	25m 24s	$436K	$514K	10x
Short	QFEX BABA-USD	117.72	0.0073	get 0.0009% / 1h	25m 24s	$1.2M	$3.4M	10x

Funding history

latest

Range statsloading…

QFEX 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 QFEXbpOrdersPrice spread, now +0.051%Rate

Slippage from Lighter RH: live order book, 22 min ago; QFEX: live order book, 3 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, 22 min ago	1.69 bp	4.0 bp −$4	10.9 bp −$109	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	1.28 bp	6.3 bp −$6	10.5 bp −$105	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	117.91	+0.212%	$70K	$36K	20x	as long as short
Bybit BABAUSDT	0.0000%	8h	117.67	+0.008%	$2.1M	$721K	25x	as long as short
Gate BABA_USDT	0.0000%	8h	117.73	+0.059%	$1.5M	$2.0M	50x	as long as short
Bitget BABAUSDT	0.0000%	8h	117.76	+0.085%	$2.4M	$1.7M	20x	as long as short
SunX BABA-USDT	0.0000%	8h	117.66	0.000%	$928	$3.4M	20x	as long as short
HTX BABA-USDT	0.0000%	8h	117.74	+0.068%	$30K	$18K	20x	as long as short
Lighter BABA	+0.0032%	1h	117.70	+0.034%	$374K	$73K	10x	as long as short
Lighter RH BABAlong	+0.0032%	1h	117.66	long leg	$436K	$514K	10x
Injective BABA/USDC PERP	+0.0033%	1h	115.84	−1.547%	$11K	$26K	12x	as long as short
Arcus BABA-USD	+0.0040%	1h	117.62	−0.034%	$71K	$110K	10x	as long as short

Show all 22 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest BABA-USD-PERP	+0.0046%	1h	117.67	+0.008%	—	$19K	10x	as long as short
tradeXYZ xyz:BABA	+0.0050%	1h	117.63	−0.025%	$11.9M	$4.3M	10x	as long as short
Polymarket Perps BABA-USD	+0.0050%	1h	117.64	−0.017%	$9K	$266K	10x	as long as short
Ondo Perps BABA-USD.P	+0.0050%	1h	117.62	−0.034%	$238K	$400K	10x	as long as short
QFEX BABA-USDshort	+0.0073%	1h	117.72	+0.051%	$1.2M	$3.4M	10x
GRVT BABA_USDT_Perp	+0.0077%	8h	117.75	+0.078%	$2K	$193K	10x	as long as short
KuCoin BABAUSDTM	+0.0100%	8h	117.56	−0.085%	$611K	$429K	20x	as long as short
Orderly PERP_BABA_USDC_mythos	+0.0100%	8h	117.66	0.000%	$2K	$798	10x	as long as short
Variational Omni BABA	+0.0105%	8h	117.65	−0.012%	$264K	$658K	—	as long as short
Extended BABA_24_5-USD	+0.0168%	1h	117.69	+0.025%	$43K	$357K	10x	as long as short
Binance BABAUSDT	+0.0172%	8h	117.72	+0.051%	$15.6M	$31.2M	20x	as long as short
Phoenix BABA	+0.0271%	1h	117.73	+0.059%	$66K	$90K	10x	as long as short