Funding you earn now, next payment 00:00 UTC−0.0207%/8h= −22.7% APRnext payment −$2.07 per $10,000 · paid last 24h −0.051%
Price spread now: Bybit against Binance−0.052%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$500.498% of the position
Funding, last 7 days−0.223%−$22 on $10k
+Price spread, last 2 days (all we have)+0.001%$0 · spread now −0.052%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.041% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 116.49 | 0.0207 | pay 0.0207% / 8h | 5m 24s | $15.4M | $22.0M | 20x |
| Short | Bybit BABAUSDT | 116.43 | 0 | get 0.0000% / 8h | 5m 24s | $2.2M | $600K | 25x |
Binance BABAUSDT
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Binance. 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
- −$43.48
- Price spread: −0.052% → −0.010%
- −$4.11
- Slippage, 4 orders
- −$28.84
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$97.43
- Costs to cover
- 0.498%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bybit: live order book, 1 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 Binance live order book, 6 min ago | 0.43 bp | 6.6 bp −$7 | 16.6 bp −$166 | 85.7 bp −$8,572 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.58 bp | 12.1 bp −$12 | 99.8 bp −$998 | 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 | 116.43 | −0.053% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 116.43 | −0.052% | $2.2M | $600K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 116.49 | 0.000% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.49 | 0.000% | $2.5M | $1.4M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.49 | 0.000% | $708 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.55 | +0.052% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.48 | −0.009% | $444K | $593K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.558% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.45 | −0.034% | — | $9K | 10x | as long as short |
| QFEX BABA-USD | +0.0047% | 1h | 116.46 | −0.026% | $1.2M | $5.2M | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERP
QFEX BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.38 | −0.094% | $10K | $265K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.42 | −0.060% | $243K | $354K | 10x | as long as short |
| Lighter BABA | +0.0072% | 1h | 116.60 | +0.094% | $385K | $50K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.38 | −0.094% | $604K | $572K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.48 | −0.009% | $2K | $1K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0102% | 1h | 116.38 | −0.094% | $12.1M | $3.1M | 10x | as long as short |
| Variational Omni BABA | +0.0134% | 8h | 116.48 | −0.005% | $301K | $619K | — | as long as short |
| GRVT BABA_USDT_Perp | +0.0139% | 8h | 116.47 | −0.017% | $2K | $246K | 10x | as long as short |
| Binance BABAUSDTlong | +0.0207% | 8h | 116.49 | long leg | $15.4M | $22.0M | 20x | |
| Extended BABA_24_5-USD | +0.0208% | 1h | 116.47 | −0.020% | $42K | $383K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 116.48 | −0.009% | $65K | $143K | 10x | as long as short |
| Arcus BABA-USD | +0.0394% | 1h | 116.49 | 0.000% | $75K | $100K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Lighter BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
GRVT BABA_USDT_Perp
Extended BABA_24_5-USD
Phoenix BABA
Arcus BABA-USD