Funding you earn now, next payment 16:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Orderly against Bybit+0.060%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.060% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 117.12 | 0 | get 0.0000% / 8h | 7h 55m | $2.1M | $722K | 25x |
| Short | Orderly PERP_BABA_USDC_mythos | 117.19 | 0.0100 | get 0.0100% / 8h | 7h 55m | $2K | $798 | 10x |
Bybit BABAUSDT
Orderly PERP_BABA_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $21
- Price spread: +0.060% → 0.000%
- $5.98
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $9.98
- Costs to cover
- 0.170%
- Break-even
- 3.7 days
Slippage unknown: Bybit: live order book, 1 min ago; Orderly: 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 | 2.99 bp | 11.4 bp −$11 | 94.3 bp −$943 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 117.06 | −0.051% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 117.12 | long leg | $2.1M | $722K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.17 | +0.043% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.15 | +0.026% | $2.3M | $2.0M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.18 | +0.051% | $885 | $2.9M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.24 | +0.102% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.25 | +0.111% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.16 | +0.034% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.093% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.10 | −0.017% | $70K | $140K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
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 | 117.15 | +0.026% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.07 | −0.043% | $11.8M | $4.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.07 | −0.043% | $8K | $281K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.03 | −0.077% | $231K | $421K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.15 | +0.026% | $1.2M | $3.0M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.00 | −0.102% | $609K | $398K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythosshort | +0.0100% | 8h | 117.19 | +0.060% | $2K | $798 | 10x | |
| Variational Omni BABA | +0.0106% | 8h | 117.19 | +0.060% | $338K | $779K | — | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 117.15 | +0.028% | $43K | $311K | 10x | as long as short |
| Binance BABAUSDT | +0.0164% | 8h | 117.16 | +0.034% | $15.3M | $31.7M | 20x | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.11 | −0.009% | $66K | $89K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0636% | 8h | 117.20 | +0.068% | $3K | $184K | 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
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
GRVT BABA_USDT_Perp