Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.021%
Price spread now: tradeXYZ against Bybit−0.043%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$500.505% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 7 days−0.003%$0 · spread now −0.043%, 7d avg −0.115%
=Together, before fees+0.173%+ Points / potential airdroptradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.073% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BABAUSDT | 117.61 | 0 | get 0.0000% / 8h | 2h 05m | $2.1M | $720K | 25x |
| Short | tradeXYZ xyz:BABA | 117.56 | 0.0050 | get 0.0006% / 1h | 5m 20s | $11.9M | $4.4M | 10x |
Bybit BABAUSDT
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- $10.5
- Price spread: −0.043% → −0.115%
- $7.28
- Slippage, 4 orders
- −$21.45
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$32.67
- Costs to cover
- 0.505%
- Break-even
- 28.8 days
Slippage from Bybit: live order book, 1 min ago; tradeXYZ: live order book, 3 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 | 3.40 bp | 14.7 bp −$15 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 3 min ago | 1.27 bp | 12.4 bp −$12 | 16.6 bp −$166 | 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 | 117.82 | +0.181% | $69K | $36K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 117.61 | long leg | $2.1M | $720K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.62 | +0.009% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.71 | +0.085% | $2.4M | $1.8M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.61 | 0.000% | $662 | $3.3M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.78 | +0.145% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.70 | +0.077% | $374K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.58 | −0.026% | $436K | $514K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.505% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.64 | +0.026% | $71K | $110K | 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 | 117.67 | +0.051% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 117.56 | −0.043% | $11.9M | $4.4M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.56 | −0.043% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.57 | −0.034% | $238K | $405K | 10x | as long as short |
| QFEX BABA-USD | +0.0073% | 1h | 117.61 | 0.000% | $1.2M | $3.2M | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0082% | 8h | 117.73 | +0.104% | $3K | $193K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.52 | −0.077% | $612K | $419K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.60 | −0.009% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0108% | 8h | 117.67 | +0.055% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0174% | 8h | 117.62 | +0.009% | $15.5M | $31.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0176% | 1h | 117.59 | −0.020% | $44K | $355K | 10x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 117.69 | +0.068% | $66K | $90K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA