Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −11.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.072%
Price spread now: Gate against Binance−0.009%7-day average +0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$490.495% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days+0.049%+$5 · spread now −0.009%, 7d avg +0.013%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.021% cheaper against Binance than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.013%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BABAUSDT | 116.73 | 0.0100 | pay 0.0100% / 8h | 46m 54s | $15.1M | $32.4M | 20x |
| Short | Gate BABA_USDT | 116.72 | 0 | get 0.0000% / 8h | 46m 54s | $1.5M | $2.0M | 50x |
Binance BABAUSDT
Gate BABA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$21.01
- Price spread: −0.009% → +0.013%
- −$2.13
- Slippage, 4 orders
- −$24.45
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$72.59
- Costs to cover
- 0.495%
- Break-even
- never at this rate
Slippage from Binance: live order book, 10 min ago; Gate: 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, 10 min ago | 0.43 bp | 8.4 bp −$8 | 17.9 bp −$179 | 98.7 bp −$9,870 | doesn't fit |
| Sell Gate live order book, 1 min ago | 5.14 bp | 16.4 bp −$16 | 147.3 bp −$1,473 | 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 | 116.79 | +0.048% | $68K | $36K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.68 | −0.043% | $2.1M | $715K | 25x | as long as short |
| Gate BABA_USDTshort | 0.0000% | 8h | 116.72 | −0.009% | $1.5M | $2.0M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.71 | −0.017% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.69 | −0.034% | $879 | $3.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.85 | +0.103% | $30K | $19K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0008% | 8h | 116.76 | +0.023% | $3K | $190K | 10x | as long as short |
| Variational Omni BABA | +0.0031% | 8h | 116.79 | +0.049% | $335K | $777K | — | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.77 | +0.034% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.70 | −0.026% | $434K | $503K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Variational Omni BABA
Lighter BABA
Lighter RH BABAShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.762% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 116.65 | −0.069% | $70K | $140K | 10x | as long as short |
| QFEX BABA-USD | +0.0044% | 1h | 116.69 | −0.034% | $1.3M | $3.0M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.62 | −0.094% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.64 | −0.077% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.64 | −0.077% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.82 | +0.077% | $229K | $427K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.66 | −0.060% | $607K | $381K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.72 | −0.009% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDTlong | +0.0100% | 8h | 116.73 | long leg | $15.1M | $32.4M | 20x | |
| Extended BABA_24_5-USD | +0.0104% | 1h | 116.70 | −0.027% | $43K | $300K | 10x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 116.72 | −0.009% | $65K | $89K | 10x | as long as short |
Injective BABA/USDC PERP
Arcus BABA-USD
QFEX BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA