Funding you earn now, next payment 04:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.075%
Price spread now: Phoenix against Aster−0.196%65s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.437%+$44 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.196% cheaper against Aster than usual: you would sell low and buy high (spread −0.196% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 3.2 days of funding at the current rate (+$6 a day). The two prices were read 65 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 | Aster BABAUSDT | 118.47 | 0 | get 0.0000% / 8h | 3h 12m | $70K | $35K | 20x |
| Short | Phoenix BABA | 118.24 | 0.0203 | get 0.0025% / 1h | 12m 20s | $66K | $90K | 10x |
Aster BABAUSDT
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $42.59
- Price spread: −0.196% → 0.000%
- −$19.65
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $7.95
- Costs to cover
- 0.150%
- Break-even
- 5.7 days
Slippage unknown: Aster: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
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 Aster no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Aster and Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 BABAUSDTlong | 0.0000% | 8h | 118.47 | long leg | $70K | $35K | 20x | |
| Bybit BABAUSDT | 0.0000% | 8h | 118.28 | −0.163% | $2.1M | $706K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.39 | −0.070% | $1.5M | $2.0M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.41 | −0.053% | $598 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.31 | −0.137% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0006% | 8h | 118.31 | −0.138% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.40 | −0.061% | $377K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.37 | −0.087% | $438K | $508K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.222% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.32 | −0.129% | $72K | $109K | 10x | as long as short |
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.36 | −0.095% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.28 | −0.163% | $12.0M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.29 | −0.154% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.31 | −0.137% | $237K | $407K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.37 | −0.087% | $1.2M | $3.7M | 10x | as long as short |
| Variational Omni BABA | +0.0057% | 8h | 118.26 | −0.176% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.20 | −0.230% | $615K | $458K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.39 | −0.070% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.40 | −0.066% | $43K | $354K | 10x | as long as short |
| Binance BABAUSDT | +0.0136% | 8h | 118.46 | −0.007% | $15.7M | $30.7M | 20x | as long as short |
| Phoenix BABAshort | +0.0203% | 1h | 118.24 | −0.196% | $66K | $90K | 10x | |
| Bitget BABAUSDT | +0.0257% | 8h | 118.38 | −0.078% | $2.4M | $1.7M | 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
Bitget BABAUSDT