Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.003%
Price spread now: Lighter against Polymarket Perps+0.103%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$530.532% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.103%, 7d avg +0.148%
=Together, before fees+0.227%+ Points / potential airdropLighter: Season 3 · farm board+$23 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 is 0.045% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.148%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.074%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.81 | 0.0050 | pay 0.0006% / 1h | 17m 01s | $10K | $264K | 10x |
| Short | Lighter BABA | 116.93 | 0.0032 | get 0.0004% / 1h | 17m 01s | $385K | $45K | 10x |
Polymarket Perps BABA-USD
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Polymarket 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
- −$3.78
- Price spread: +0.103% → +0.148%
- −$4.48
- Slippage, 4 orders
- −$45.16
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$61.42
- Costs to cover
- 0.532%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 50 min ago; Lighter: live order book, 43 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 Polymarket Perps live order book, 50 min ago | 2.57 bp | 7.3 bp −$7 | 8.2 bp −$82 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 43 min ago | 10.67 bp | 19.4 bp −$19 | 29.1 bp −$291 | 76.8 bp −$7,678 | 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 | 116.97 | +0.134% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.90 | +0.077% | $2.1M | $556K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.87 | +0.051% | $1.5M | $1.6M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.87 | +0.051% | $731 | $3.8M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | +0.351% | $37K | $2K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0003% | 8h | 117.21 | +0.345% | $3K | $224K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 116.93 | +0.103% | $385K | $45K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.83 | +0.017% | $423K | $499K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.830% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 116.86 | +0.043% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 117.01 | +0.171% | $74K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.85 | +0.034% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.76 | −0.043% | $12.1M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.81 | long leg | $10K | $264K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.60 | −0.180% | $242K | $366K | 10x | as long as short |
| Bitget BABAUSDT | +0.0087% | 8h | 116.90 | +0.077% | $2.5M | $1.3M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.75 | −0.051% | $608K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.88 | +0.060% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0138% | 8h | 117.23 | +0.362% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.86 | +0.042% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0193% | 8h | 116.90 | +0.076% | $15.7M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.83 | +0.017% | $65K | $71K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Bitget BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA