Funding you earn now, next payment 01:00 UTC−0.0576%/8h= −63.1% APRnext payment −$0.72 per $10,000 · paid last 24h −0.110%
Price spread now: tradeXYZ against Arcus−0.112%7-day average −0.077% · you buy dearer than you sell
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−$430.430% of the position
Funding, last 3 days (all we have)−0.173%−$17 on $10k
+Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.112%, 7d avg −0.077%
=Together, before fees−0.066%+ Points / potential airdroptradeXYZ: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and tradeXYZ is 0.035% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.173% in total (about -18.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus BABA-USD | 116.39 | 0.0626 | pay 0.0078% / 1h | 48m 34s | $75K | $101K | 10x |
| Short | tradeXYZ xyz:BABA | 116.26 | 0.0050 | get 0.0006% / 1h | 48m 34s | $12.1M | $3.0M | 10x |
Arcus BABA-USD
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$120.95
- Price spread: −0.112% → −0.077%
- −$3.45
- Slippage, 4 orders
- −$20.46
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$167.36
- Costs to cover
- 0.430%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 15 min ago; tradeXYZ: live order book, 10 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, 15 min ago | 0.43 bp | 4.3 bp −$4 | 10.0 bp −$100 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.86 bp | 15.6 bp −$16 | 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 | 116.38 | −0.009% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.37 | −0.017% | $2.2M | $583K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.37 | −0.017% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.40 | +0.009% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.43 | +0.034% | $743 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.49 | +0.086% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.29 | −0.086% | $444K | $479K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.473% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.33 | −0.052% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 116.26 | −0.112% | $12.1M | $3.0M | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
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 | 116.33 | −0.052% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.31 | −0.069% | $243K | $339K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.41 | +0.017% | $1.2M | $5.2M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.37 | −0.017% | $604K | $561K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.43 | +0.034% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0135% | 8h | 116.44 | +0.044% | $2K | $245K | 10x | as long as short |
| Variational Omni BABA | +0.0145% | 8h | 116.42 | +0.027% | $301K | $619K | — | as long as short |
| Lighter BABA | +0.0208% | 1h | 116.49 | +0.086% | $385K | $49K | 10x | as long as short |
| Binance BABAUSDT | +0.0214% | 8h | 116.40 | +0.006% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 116.33 | −0.055% | $43K | $405K | 10x | as long as short |
| Phoenix BABA | +0.0343% | 1h | 116.32 | −0.060% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USDlong | +0.0626% | 1h | 116.39 | long leg | $75K | $101K | 10x |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA