Funding you earn now, next payment 01:00 UTC−0.0626%/8h= −68.5% APRpaid last 24h −0.134%
Price spread now: Bybit against Arcus+0.069%7-day average +0.003% · 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−$46as in the Price arb table
costs, in and out, $10k−$530.525% of the position
Funding, last 3 days (all we have)−0.227%−$23 on $10k
+Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.069%, 7d avg +0.003%
=The price spread pays, funding is against you. Bybit is 0.065% dearer against Arcus than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.003%): +$7 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 3 days (−0.227% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 116.68 | 0.0626 | pay 0.0078% / 1h | 13m 47s | $75K | $100K | 10x |
| Short | Bybit BABAUSDT | 116.76 | 0 | get 0.0000% / 8h | 7h 13m | $2.2M | $582K | 25x |
Arcus BABA-USD
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Arcus. 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
- −$131.45
- Price spread: +0.069% → +0.003%
- $6.54
- Slippage, 4 orders
- −$37.03
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$177.44
- Costs to cover
- 0.525%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 50 min ago; Bybit: live order book, 3 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 Arcus live order book, 50 min ago | 0.43 bp | 4.3 bp −$4 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.43 bp | 19.3 bp −$19 | 124.3 bp −$1,243 | 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 | 116.67 | −0.008% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.76 | +0.069% | $2.2M | $582K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.74 | +0.051% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.74 | +0.051% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.70 | +0.013% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.72 | +0.034% | $715 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.58 | −0.086% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.86 | +0.154% | $386K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.71 | +0.026% | $424K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.720% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.73 | +0.043% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.71 | +0.026% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.66 | −0.017% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.62 | −0.051% | $234K | $352K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.70 | +0.017% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.66 | −0.017% | $605K | $542K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.72 | +0.034% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0134% | 8h | 116.72 | +0.036% | $302K | $619K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.71 | +0.030% | $42K | $360K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 116.74 | +0.051% | $15.5M | $22.1M | 20x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.64 | −0.034% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USDlong | +0.0626% | 1h | 116.68 | long leg | $75K | $100K | 10x |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA