Funding you earn now, next payment 05:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.141%
Price spread now: Arcus against Bybit+0.110%56s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.540% of the position
Funding, last 4 days (all we have)+0.236%+$24 on $10k
+Price spread, last 4 days (all we have)−0.123%−$12 · spread now +0.110%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.116% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 56 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 | Bybit BABAUSDT | 118.14 | 0 | get 0.0000% / 8h | 3h 55m | $2.1M | $698K | 25x |
| Short | Arcus BABA-USD | 118.27 | 0.0040 | get 0.0005% / 1h | 55m 42s | $72K | $109K | 10x |
Bybit BABAUSDT
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Bybit. 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
- $8.46
- Price spread: +0.110% → −0.006%
- $11.56
- Slippage, 4 orders
- −$38.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$34.02
- Costs to cover
- 0.540%
- Break-even
- 35.2 days
Slippage from Bybit: live order book, 1 min ago; Arcus: live order book, 53 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 Bybit live order book, 1 min ago | 3.38 bp | 14.9 bp −$15 | 108.0 bp −$1,080 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 53 min ago | 4.63 bp | 10.7 bp −$11 | 13.1 bp −$131 | 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 | 118.22 | +0.066% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 118.14 | long leg | $2.1M | $698K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.20 | +0.051% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.21 | +0.059% | $753 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.296% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0005% | 8h | 118.37 | +0.192% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.21 | +0.059% | $376K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.16 | +0.017% | $437K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.947% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 118.27 | +0.110% | $72K | $109K | 10x |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
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 | 118.16 | +0.017% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.09 | −0.042% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.08 | −0.051% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.28 | +0.119% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.10 | −0.034% | $1.2M | $4.1M | 10x | as long as short |
| Variational Omni BABA | +0.0061% | 8h | 118.15 | +0.012% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.18 | +0.034% | $616K | $467K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.16 | +0.017% | $2K | $798 | 10x | as long as short |
| Binance BABAUSDT | +0.0136% | 8h | 118.19 | +0.042% | $15.6M | $30.5M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.18 | +0.035% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0201% | 1h | 118.34 | +0.169% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0443% | 8h | 118.17 | +0.025% | $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
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT