Funding you earn now, next payment 08:00 UTC+0.0130%/8h= +14.2% APRnext payment +$1.30 per $10,000 · paid last 24h +0.072%
Price spread now: Binance against Bybit+0.025%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days+0.193%+$19 on $10k
+Price spread, last 7 days−0.025%−$3 · spread now +0.025%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.035% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 116.99 | 0 | get 0.0000% / 8h | 1h 35m | $2.1M | $731K | 25x |
| Short | Binance BABAUSDT | 117.02 | 0.0130 | get 0.0130% / 8h | 1h 35m | $15.3M | $32.5M | 20x |
Bybit BABAUSDT
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $27.2
- Price spread: +0.025% → −0.010%
- $3.52
- Slippage, 4 orders
- −$21.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$11.77
- Costs to cover
- 0.425%
- Break-even
- 10.0 days
Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 6 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 | 2.14 bp | 12.5 bp −$12 | 92.4 bp −$924 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 0.43 bp | 5.4 bp −$5 | 6.1 bp −$61 | 66.0 bp −$6,601 | 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 | 117.32 | +0.280% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 116.99 | long leg | $2.1M | $731K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.00 | +0.009% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.96 | −0.026% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.93 | −0.051% | $890 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.04 | +0.043% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.06 | +0.060% | $372K | $72K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.97 | −0.017% | $434K | $510K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0033% | 8h | 116.99 | −0.001% | $3K | $194K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.983% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
GRVT BABA_USDT_Perp
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 116.93 | −0.051% | $71K | $110K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.89 | −0.085% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.90 | −0.077% | $11.7M | $4.4M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.83 | −0.137% | $8K | $285K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.86 | −0.111% | $224K | $421K | 10x | as long as short |
| Variational Omni BABA | +0.0060% | 8h | 116.91 | −0.065% | $263K | $652K | — | as long as short |
| QFEX BABA-USD | +0.0063% | 1h | 116.87 | −0.103% | $1.2M | $3.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.89 | −0.085% | $609K | $400K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.87 | −0.103% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 116.99 | 0.000% | $43K | $314K | 10x | as long as short |
| Binance BABAUSDTshort | +0.0130% | 8h | 117.02 | +0.025% | $15.3M | $32.5M | 20x | |
| Phoenix BABA | +0.0204% | 1h | 116.99 | 0.000% | $66K | $89K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Variational Omni BABA
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA