Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.018%
Price spread now: Lighter RH against Ondo Perps+0.017%7-day average +0.041% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.073%−$7 on $10k
+Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.017%, 7d avg +0.041%
=Together, before fees−0.035%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.024% cheaper against Ondo Perps than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.041%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 116.25 | 0.0050 | pay 0.0006% / 1h | 36m 00s | $243K | $352K | 10x |
| Short | Lighter RH BABA | 116.27 | 0.0032 | get 0.0004% / 1h | 36m 00s | $446K | $580K | 10x |
Ondo Perps BABA-USD.P
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Ondo Perps. 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
- −$3.86
- Price spread: +0.017% → +0.041%
- −$2.43
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$11.29
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 41 min ago. Net counts fees only.
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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 41 min ago | 1.72 bp | 2.5 bp −$2 | 10.1 bp −$101 | doesn't fit | doesn't fit |
Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 116.25 | 0.000% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.25 | 0.000% | $2.2M | $595K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.25 | 0.000% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.25 | 0.000% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.23 | −0.017% | $810 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.38 | +0.112% | $37K | $2K | 20x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.27 | +0.017% | $446K | $580K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.353% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.22 | −0.026% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.22 | −0.026% | $1.2M | $5.2M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Injective BABA/USDC PERP
Vest BABA-USD-PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni BABA | +0.0048% | 8h | 116.30 | +0.044% | $300K | $620K | — | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.17 | −0.069% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 116.25 | long leg | $243K | $352K | 10x | |
| GRVT BABA_USDT_Perp | +0.0068% | 8h | 116.30 | +0.040% | $2K | $248K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.22 | −0.026% | $602K | $597K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.23 | −0.017% | $2K | $1K | 10x | as long as short |
| Lighter BABA | +0.0112% | 1h | 116.47 | +0.189% | $385K | $49K | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 116.23 | −0.017% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0129% | 8h | 116.25 | 0.000% | $15.3M | $21.4M | 20x | as long as short |
| tradeXYZ xyz:BABA | +0.0154% | 1h | 116.22 | −0.026% | $12.1M | $3.0M | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.34 | +0.077% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.27 | +0.017% | $78K | $94K | 10x | as long as short |
Variational Omni BABA
Polymarket Perps BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Lighter BABA
Extended BABA_24_5-USD
Binance BABAUSDT
tradeXYZ xyz:BABA
Phoenix BABA
Arcus BABA-USD