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: Lighter RH against QFEX0.000%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−$14as in the Price arb table
costs, in and out, $10k−$190.193% of the position
Funding, last 4 days (all we have)+0.010%+$1 on $10k
+Price spread, last 4 days (all we have)−0.013%−$1 · spread now 0.000%, 7d avg −0.051%
=Together, before fees−0.003%+ Points / potential airdropLighter RH: Points live · farm board$0 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.051% dearer against QFEX than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.051%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | QFEX BABA-USD | 117.64 | 0.0073 | pay 0.0009% / 1h | 24m 36s | $1.2M | $3.4M | 10x |
| Short | Lighter RH BABA | 117.64 | 0.0032 | get 0.0004% / 1h | 24m 36s | $436K | $514K | 10x |
QFEX BABA-USD
Lighter RH BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against QFEX. 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
- −$8.55
- Price spread: 0.000% → −0.051%
- $5.07
- Slippage, 4 orders
- −$9.29
- Fee QFEX: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$22.76
- Costs to cover
- 0.193%
- Break-even
- never at this rate
Slippage from QFEX: live order book, 4 min ago; Lighter RH: live order book, 23 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 QFEX live order book, 4 min ago | 1.28 bp | 6.7 bp −$7 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 23 min ago | 1.69 bp | 2.3 bp −$2 | 14.0 bp −$140 | 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 | 117.88 | +0.205% | $70K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.62 | −0.017% | $2.1M | $721K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.69 | +0.043% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.67 | +0.026% | $2.4M | $1.7M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.71 | +0.060% | $880 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.74 | +0.085% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.70 | +0.051% | $374K | $73K | 10x | as long as short |
| Lighter RH BABAshort | +0.0032% | 1h | 117.64 | 0.000% | $436K | $514K | 10x | |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.530% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.64 | 0.000% | $71K | $110K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.65 | +0.009% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.55 | −0.077% | $11.9M | $4.3M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.53 | −0.094% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.56 | −0.068% | $238K | $400K | 10x | as long as short |
| QFEX BABA-USDlong | +0.0073% | 1h | 117.64 | long leg | $1.2M | $3.4M | 10x | |
| GRVT BABA_USDT_Perp | +0.0077% | 8h | 117.75 | +0.095% | $2K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.53 | −0.094% | $612K | $429K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.66 | +0.017% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0105% | 8h | 117.65 | +0.005% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0168% | 1h | 117.66 | +0.015% | $43K | $357K | 10x | as long as short |
| Binance BABAUSDT | +0.0172% | 8h | 117.68 | +0.034% | $15.6M | $31.2M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.73 | +0.077% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA