Funding you earn now, next payment 00:00 UTC+0.0343%/8h= +37.6% APRpaid last 24h +0.057%
Price spread now: Phoenix against Bitget−0.034%7-day average −0.062% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$470.465% of the position
Funding, last 7 days+0.421%+$42 on $10k
+Price spread, last 3 days (all we have)−0.004%$0 · spread now −0.034%, 7d avg −0.062%
=Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phoenix is 0.028% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BABAUSDT | 116.68 | 0 | get 0.0000% / 8h | 7h 16m | $2.5M | $1.3M | 20x |
| Short | Phoenix BABA | 116.64 | 0.0343 | get 0.0043% / 1h | 16m 47s | $65K | $133K | 10x |
Bitget BABAUSDT
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Bitget. 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
- $72.13
- Price spread: −0.034% → −0.062%
- $2.76
- Slippage, 4 orders
- −$27.53
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $28.36
- Costs to cover
- 0.465%
- Break-even
- 4.2 days
Slippage from Bitget: live order book, 6 min ago; Phoenix: live order book, 49 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 Bitget live order book, 6 min ago | 2.14 bp | 14.6 bp −$15 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 49 min ago | 2.58 bp | 10.5 bp −$10 | 21.8 bp −$218 | 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 | 116.65 | −0.029% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.76 | +0.069% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.71 | +0.026% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDTlong | 0.0000% | 8h | 116.68 | long leg | $2.5M | $1.3M | 20x | |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.55 | −0.111% | $3K | $234K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.69 | +0.009% | $883 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.65 | −0.026% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.84 | +0.137% | $386K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.66 | −0.017% | $425K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.720% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
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 | 116.62 | −0.051% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.64 | −0.034% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.58 | −0.086% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.63 | −0.043% | $239K | $351K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.65 | −0.026% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.57 | −0.094% | $605K | $543K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.66 | −0.017% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0131% | 8h | 116.56 | −0.106% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0191% | 8h | 116.73 | +0.043% | $15.4M | $21.9M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.67 | −0.005% | $42K | $360K | 10x | as long as short |
| Phoenix BABAshort | +0.0343% | 1h | 116.64 | −0.034% | $65K | $133K | 10x | |
| Arcus BABA-USD | +0.0626% | 1h | 116.61 | −0.060% | $75K | $100K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Arcus BABA-USD