Funding you earn now, next payment 08:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.005%
Price spread now: Lighter RH against Polymarket Perps+0.026%46s7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days−0.091%−$9 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now +0.026%, 7d avg +0.002%
=Together, before fees−0.010%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.023% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of +0.002%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.3 days. At the pace of the last 7 days (−0.091% in total) that is about 43 hours. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BABA-USD | 116.57 | 0.0050 | pay 0.0006% / 1h | 51m 43s | $8K | $285K | 10x |
| Short | Lighter RH BABA | 116.60 | 0.0032 | get 0.0004% / 1h | 51m 43s | $434K | $503K | 10x |
Polymarket Perps BABA-USD
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: +0.026% → +0.002%
- $2.33
- Slippage, 4 orders
- −$12.23
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$21.68
- Costs to cover
- 0.202%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 50 min ago; Lighter RH: live order book, 51 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 | 0.43 bp | 6.1 bp −$6 | 7.7 bp −$77 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 51 min ago | 2.56 bp | 3.2 bp −$3 | 9.4 bp −$94 | 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 | 116.78 | +0.183% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.71 | +0.120% | $2.1M | $719K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.68 | +0.094% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.74 | +0.146% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.55 | −0.017% | $864 | $3.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.82 | +0.214% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0006% | 8h | 116.79 | +0.186% | $3K | $193K | 10x | as long as short |
| Variational Omni BABA | +0.0026% | 8h | 116.81 | +0.209% | $364K | $747K | — | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.70 | +0.112% | $371K | $72K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 116.60 | +0.026% | $434K | $503K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.626% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.67 | +0.086% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.63 | +0.051% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.56 | −0.009% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.66 | +0.077% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USDlong | +0.0050% | 1h | 116.57 | long leg | $8K | $285K | 10x | |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.67 | +0.086% | $229K | $427K | 10x | as long as short |
| Binance BABAUSDT | +0.0099% | 8h | 116.71 | +0.117% | $15.1M | $32.5M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.56 | −0.009% | $607K | $381K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.61 | +0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.59 | +0.015% | $44K | $293K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.77 | +0.172% | $65K | $89K | 10x | as long as short |
Injective BABA/USDC PERP
Arcus BABA-USD
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Ondo Perps BABA-USD.P
Binance BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA