BABA funding rates
BABA perpetual funding is currently quoted across 13 venues, ranging from +0.0% to +16.0% APR. The most reliable delta-neutral pairing for BABA right now is long Lighter RH / short Phoenix at +9.6% net APR (medium risk, ~4.9d to break even).
as of 2026-09-12 14:34 UTC
Best delta-neutral pairing
Long Lighter RH / Short Phoenix
+9.6% net APR
- Backtested (30d)
- +11.7%
- Stability
- 79.2%
- Risk
- medium
- Breakeven
- ~4.9d
Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.
Open this tradeBABA funding by exchange
| Exchange | Funding APR |
|---|---|
| Phoenix | +16.03% |
| TradeXYZ | +13.52% |
| Ondo | +5.52% |
| Polymarket | +5.47% |
| Decibel | +5.26% |
| Arcus | +4.18% |
| Lighter RH | +3.50% |
| Lighter | +3.50% |
| QFEX | +0.00% |
| Variational | +0.00% |
| Grvt | +0.00% |
| Aster | +0.00% |
| Extended | +0.00% |
Frequently asked
What is the BABA funding rate right now?
BABA perpetual funding ranges from 0.00% to 16.03% APR across 13 exchanges we track; the widest delta-neutral spread is long Lighter RH / short Phoenix at 9.6% net APR.
Which exchange has the highest BABA funding rate?
Phoenix currently has the highest at 16.03% APR. See the full ranking above.