Funding you earn now, next payment 03:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.141%
Price spread now: SunX against Arcus+0.419%7-day average +0.013% · 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−$108as in the Price arb table
costs, in and out, $10k−$1491.489% of the position
Funding, last 4 days (all we have)−0.235%−$24 on $10k
+Price spread, last 4 days (all we have)−0.145%−$15 · spread now +0.419%, 7d avg +0.013%
=The price spread pays, funding is against you. SunX is 0.406% dearer against Arcus than usual: you sell high and buy low (spread +0.419% now, against its 7-day average of +0.013%): +$41 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 34 days. At the pace of the last 4 days (−0.235% in total) that is about 6.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 119.39 | 0.0040 | pay 0.0005% / 1h | 31m 42s | $72K | $109K | 10x |
| Short | SunX BABA-USDT | 119.89 | 0 | get 0.0000% / 8h | 5h 31m | $746 | $3.5M | 20x |
Arcus BABA-USD
SunX BABA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$8.46
- Price spread: +0.419% → +0.013%
- $40.6
- Slippage, 4 orders
- −$136.36
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$116.72
- Costs to cover
- 1.489%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 22 min ago; SunX: 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 Arcus live order book, 22 min ago | 1.70 bp | 10.0 bp −$10 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell SunX live order book, 6 min ago | 24.74 bp | 43.3 bp −$43 | doesn't fit | 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 | 119.84 | +0.374% | $78K | $28K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 120.00 | +0.511% | $2.2M | $629K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.89 | +0.419% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 119.45 | +0.054% | $3K | $219K | 10x | as long as short |
| SunX BABA-USDTshort | 0.0000% | 8h | 119.89 | +0.419% | $746 | $3.5M | 20x | |
| HTX BABA-USDT | 0.0000% | 8h | 119.74 | +0.293% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.93 | +0.452% | $381K | $69K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.86 | +0.394% | $433K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.973% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDlong | +0.0040% | 1h | 119.39 | long leg | $72K | $109K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
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 | 119.88 | +0.410% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.81 | +0.352% | $12.2M | $3.7M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.79 | +0.335% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.38 | −0.008% | $244K | $385K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 119.78 | +0.327% | $1.2M | $4.4M | 10x | as long as short |
| Variational Omni BABA | +0.0095% | 8h | 119.43 | +0.031% | $268K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 119.88 | +0.410% | $624K | $514K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.98 | +0.494% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 119.90 | +0.424% | $44K | $368K | 10x | as long as short |
| Binance BABAUSDT | +0.0163% | 8h | 119.90 | +0.427% | $16.1M | $25.9M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 119.43 | +0.034% | $67K | $68K | 10x | as long as short |
| Bitget BABAUSDT | +0.0658% | 8h | 119.87 | +0.402% | $2.5M | $1.4M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT