Funding you earn now, next payment 22:00 UTC−0.0039%/8h= −4.2% APRnext payment −$0.05 per $10,000 · paid last 24h −0.052%
Price spread now: Injective against Extended−0.136%60s7-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
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 0.136% cheaper against Extended than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 60 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 | Extended BABA_24_5-USD | 116.00 | 0.0072 | pay 0.0009% / 1h | 28m 10s | $42K | $383K | 10x |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 28m 10s | $11K | $26K | 12x |
Extended BABA_24_5-USD
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$8.12
- Price spread: −0.136% → 0.000%
- −$13.61
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$26.75
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 59 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 Extended live order book, 59 min ago | 1.73 bp | 11.4 bp −$11 | 99.8 bp −$998 | 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 | 115.99 | −0.007% | $73K | $25K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.00 | +0.002% | $2.2M | $613K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.00 | +0.002% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.02 | +0.019% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.01 | +0.011% | $484 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.03 | +0.028% | $37K | $2K | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 116.01 | +0.015% | $300K | $620K | — | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.00 | +0.002% | $446K | $595K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −0.136% | $11K | $26K | 12x | |
| QFEX BABA-USD | +0.0042% | 1h | 115.99 | −0.007% | $1.2M | $5.0M | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Variational Omni BABA
Lighter RH BABA
QFEX 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 | 116.00 | +0.002% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 115.97 | −0.024% | $12.1M | $3.0M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.94 | −0.050% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.90 | −0.084% | $249K | $334K | 10x | as long as short |
| Lighter BABA | +0.0056% | 1h | 116.15 | +0.131% | $384K | $51K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0060% | 8h | 116.02 | +0.018% | $3K | $273K | 10x | as long as short |
| Extended BABA_24_5-USDlong | +0.0072% | 1h | 116.00 | long leg | $42K | $383K | 10x | |
| Binance BABAUSDT | +0.0075% | 8h | 116.01 | +0.013% | $15.4M | $21.0M | 20x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.86 | −0.119% | $601K | $689K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.02 | +0.019% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0207% | 1h | 115.99 | −0.007% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0643% | 1h | 116.02 | +0.019% | $79K | $93K | 10x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Lighter BABA
GRVT BABA_USDT_Perp
Binance BABAUSDT
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD