Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.012%
Price spread now: Lighter against SunX−0.017%7-day average +0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$175as in the Price arb table
costs, in and out, $10k−$1661.659% of the position
Funding, last 7 days+0.233%+$23 on $10k
+Price spread, last 3 days (all we have)+0.128%+$13 · spread now −0.017%, 7d avg +0.075%
=Together, before fees+0.361%+ Points / potential airdropLighter: Season 3 · farm board+$36 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.093% cheaper against SunX than usual: you would sell low and buy high (spread −0.017% now, against its 7-day average of +0.075%). If the spread goes back, that is −$9 on $10k: about 9.6 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.233% in total) that is about 2.8 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SunX BABA-USDT | 117.11 | 0 | get 0.0000% / 8h | 6h 19m | $960 | $3.8M | 20x |
| Short | Lighter BABA | 117.09 | 0.0032 | get 0.0004% / 1h | 19m 32s | $385K | $45K | 10x |
SunX BABA-USDT
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against SunX. 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
- $6.72
- Price spread: −0.017% → +0.075%
- −$9.25
- Slippage, 4 orders
- −$157.92
- Fee SunX: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$168.45
- Costs to cover
- 1.659%
- Break-even
- 182.5 days
Slippage from SunX: live order book, 9 min ago; Lighter: live order book, 40 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 SunX live order book, 9 min ago | 45.33 bp | 63.4 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 40 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 | 117.04 | −0.063% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.13 | +0.017% | $2.2M | $566K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.07 | −0.034% | $1.5M | $1.6M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 117.91 | +0.681% | $3K | $228K | 10x | as long as short |
| SunX BABA-USDTlong | 0.0000% | 8h | 117.11 | long leg | $960 | $3.8M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 117.85 | +0.632% | $38K | $2K | 20x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 117.09 | −0.017% | $385K | $45K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 116.96 | −0.128% | $423K | $498K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.084% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.14 | +0.026% | $1.2M | $4.5M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
HTX BABA-USDT
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 | 117.25 | +0.120% | $74K | $100K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.12 | +0.009% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.90 | −0.179% | $12.2M | $3.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.99 | −0.102% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.89 | −0.188% | $242K | $367K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.085% | $609K | $529K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.97 | −0.120% | $2K | $798 | 10x | as long as short |
| Bitget BABAUSDT | +0.0107% | 8h | 117.14 | +0.026% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | +0.0138% | 8h | 117.23 | +0.105% | $264K | $658K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.11 | +0.002% | $43K | $366K | 10x | as long as short |
| Binance BABAUSDT | +0.0193% | 8h | 117.18 | +0.060% | $15.7M | $23.5M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.65 | +0.461% | $66K | $71K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Bitget BABAUSDT
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA