Funding you earn now, next payment 02:00 UTC−0.0216%/8h= −23.7% APRpaid last 24h −0.068%
Price spread now: Bybit against Extended−0.056%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$72as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$550.554% of the position
Funding, last 7 days−0.169%−$17 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.056%, 7d avg +0.017%
=Together, before fees−0.082%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.074% cheaper against Extended than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.017%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended BABA_24_5-USD | 117.66 | 0.0216 | pay 0.0027% / 1h | 27m 12s | $43K | $366K | 10x |
| Short | Bybit BABAUSDT | 117.59 | 0 | get 0.0000% / 8h | 6h 27m | $2.2M | $561K | 25x |
Extended BABA_24_5-USD
Bybit BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Extended. 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
- −$45.36
- Price spread: −0.056% → +0.017%
- −$7.35
- Slippage, 4 orders
- −$39.37
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$108.08
- Costs to cover
- 0.554%
- Break-even
- never at this rate
Slippage from Extended: live order book, 40 min ago; Bybit: live order book, 5 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 Extended live order book, 40 min ago | 1.71 bp | 11.2 bp −$11 | 133.0 bp −$1,330 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 3.41 bp | 20.1 bp −$20 | 111.8 bp −$1,118 | 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 | 117.69 | +0.026% | $77K | $27K | 20x | as long as short |
| Bybit BABAUSDTshort | 0.0000% | 8h | 117.59 | −0.056% | $2.2M | $561K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 117.65 | −0.005% | $1.4M | $1.5M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.64 | −0.014% | $809 | $4.0M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.71 | +0.046% | $38K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.62 | −0.031% | $387K | $45K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.47 | −0.158% | $425K | $497K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.544% | $11K | $26K | 12x | as long as short |
| QFEX BABA-USD | +0.0035% | 1h | 117.76 | +0.088% | $1.2M | $4.6M | 10x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 117.63 | −0.022% | $74K | $101K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
QFEX BABA-USD
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 | 117.73 | +0.063% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 117.40 | −0.218% | $12.3M | $3.5M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.45 | −0.175% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.99 | +0.284% | $241K | $372K | 10x | as long as short |
| Bitget BABAUSDT | +0.0055% | 8h | 117.65 | −0.005% | $2.6M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0069% | 8h | 117.79 | +0.112% | $3K | $228K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.66 | +0.003% | $613K | $531K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.67 | +0.012% | $1K | $532 | 10x | as long as short |
| Variational Omni BABA | +0.0155% | 8h | 117.24 | −0.356% | $272K | $650K | — | as long as short |
| Phoenix BABA | +0.0205% | 1h | 117.18 | −0.405% | $66K | $71K | 10x | as long as short |
| Binance BABAUSDT | +0.0212% | 8h | 117.67 | +0.015% | $15.7M | $23.4M | 20x | as long as short |
| Extended BABA_24_5-USDlong | +0.0216% | 1h | 117.66 | long leg | $43K | $366K | 10x |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Bitget BABAUSDT
GRVT BABA_USDT_Perp
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Phoenix BABA
Binance BABAUSDT