Funding you earn now, next payment 08:00 UTC+0.0027%/8h= +2.9% APRpaid last 24h −0.102%
Price spread now: GRVT against Arcus+0.042%114s7-day average +0.033% · 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—prices read too far apart to compare
costs, in and out, $10k−$570.567% of the position
Funding, last 4 days (all we have)−0.198%−$20 on $10k
+Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.042%, 7d avg +0.033%
=Together, before fees−0.240%+ Points / potential airdropGRVT: Active · farm board−$24 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair cost −0.198%, so the current rate has only just turned in your favour. The two prices were read 114 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 117.14 | 0.0040 | pay 0.0005% / 1h | 57m 38s | $70K | $140K | 10x |
| Short | GRVT BABA_USDT_Perp | 117.19 | 0.0067 | get 0.0067% / 8h | 7h 57m | $3K | $187K | 10x |
Arcus BABA-USD
GRVT BABA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $5.61
- Price spread: +0.042% → +0.033%
- $0.9
- Slippage, 4 orders
- −$43.24
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$50.23
- Costs to cover
- 0.567%
- Break-even
- 69.7 days
Slippage from Arcus: live order book, 31 min ago; GRVT: 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 Arcus live order book, 31 min ago | 1.71 bp | 16.9 bp −$17 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 40 min ago | 3.00 bp | 20.6 bp −$21 | 37.3 bp −$373 | 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 | 117.07 | −0.058% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.22 | +0.068% | $2.1M | $718K | 25x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.25 | +0.094% | $2.3M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.22 | +0.068% | $840 | $2.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.22 | +0.068% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.25 | +0.094% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.20 | +0.051% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.110% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 117.14 | long leg | $70K | $140K | 10x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 117.10 | −0.034% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.12 | −0.017% | $8K | $286K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.07 | −0.060% | $231K | $422K | 10x | as long as short |
| GRVT BABA_USDT_Perpshort | +0.0067% | 8h | 117.19 | +0.042% | $3K | $187K | 10x | |
| QFEX BABA-USD | +0.0080% | 1h | 117.18 | +0.034% | $1.2M | $2.9M | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0089% | 1h | 117.13 | −0.009% | $11.8M | $4.5M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 117.17 | +0.025% | $337K | $779K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.01 | −0.111% | $609K | $398K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.22 | +0.068% | $2K | $798 | 10x | as long as short |
| Gate BABA_USDT | +0.0104% | 8h | 117.27 | +0.111% | $1.5M | $1.9M | 50x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 117.22 | +0.067% | $43K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0163% | 8h | 117.25 | +0.092% | $15.3M | $31.8M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.11 | −0.026% | $66K | $89K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
tradeXYZ xyz:BABA
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Gate BABA_USDT
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA