Funding you earn now, next payment 05:00 UTC+0.0033%/8h= +3.6% APRpaid last 24h +0.010%
Price spread now: Injective against Bybit−1.947%108s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Injective is 1.947% cheaper against Bybit than usual: you would sell low and buy high (spread −1.947% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$195 on $10k: about 6 months of funding at the current rate (+$1 a day). The two prices were read 108 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 | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 55m 36s | $11K | $26K | 12x |
Bybit BABAUSDT
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- $7
- Price spread: −1.947% → 0.000%
- −$194.68
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$198.7
- Costs to cover
- 0.110%
- Break-even
- 205.7 days
Slippage unknown: Bybit: live order book, 1 min ago; Injective: no order-book sample. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.064% | $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 | +0.0007% | 8h | 118.32 | +0.152% | $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 PERPshort | +0.0033% | 1h | 115.84 | −1.947% | $11K | $26K | 12x | |
| Arcus BABA-USD | +0.0040% | 1h | 118.22 | +0.068% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.22 | +0.068% | — | $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 | 118.12 | −0.017% | $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 | 118.18 | +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 | 118.21 | +0.059% | $616K | $466K | 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 | 118.16 | +0.015% | $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 | +0.0432% | 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