Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: Lighter against tradeXYZ+0.144%7-day average +0.173% · you sell dearer than you buy
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$740.744% of the position
Funding, last 7 days+0.055%+$5 on $10k
+Price spread, last 4 days (all we have)+0.069%+$7 · spread now +0.144%, 7d avg +0.173%
=Together, before fees+0.124%+ Points / potential airdroptradeXYZ: Active · Lighter: Season 3 · farm board+$12 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 0.029% cheaper against tradeXYZ than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.173%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.055%, 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 | tradeXYZ xyz:BABA | 118.28 | 0.0050 | pay 0.0006% / 1h | 38m 20s | $12.0M | $4.2M | 10x |
| Short | Lighter BABA | 118.45 | 0.0032 | get 0.0004% / 1h | 38m 20s | $377K | $73K | 10x |
tradeXYZ xyz:BABA
Lighter BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against tradeXYZ. 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: +0.144% → +0.173%
- −$2.93
- Slippage, 4 orders
- −$56.37
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$81.08
- Costs to cover
- 0.744%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 10 min ago; Lighter: live order book, 6 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 tradeXYZ live order book, 10 min ago | 1.27 bp | 12.7 bp −$13 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 7.59 bp | 33.5 bp −$34 | 37.7 bp −$377 | 83.5 bp −$8,346 | 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 | 118.31 | +0.023% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.38 | +0.085% | $2.1M | $704K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.38 | +0.085% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.35 | +0.059% | $641 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.40 | +0.101% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0017% | 8h | 118.42 | +0.118% | $3K | $193K | 10x | as long as short |
| Lighter BABAshort | +0.0032% | 1h | 118.45 | +0.144% | $377K | $73K | 10x | |
| Lighter RH BABA | +0.0032% | 1h | 118.36 | +0.068% | $438K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.063% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.33 | +0.042% | $72K | $109K | 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
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 | 118.37 | +0.076% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAlong | +0.0050% | 1h | 118.28 | long leg | $12.0M | $4.2M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.31 | +0.025% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.26 | −0.017% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.36 | +0.068% | $1.2M | $3.9M | 10x | as long as short |
| Variational Omni BABA | +0.0062% | 8h | 118.42 | +0.118% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.21 | −0.059% | $616K | $459K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.38 | +0.085% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0142% | 8h | 118.37 | +0.076% | $15.7M | $30.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0144% | 1h | 118.34 | +0.048% | $43K | $358K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.40 | +0.101% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0328% | 8h | 118.36 | +0.068% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT