Funding you earn now, next payment 00:00 UTC+0.0343%/8h= +37.6% APRpaid last 24h +0.077%
Price spread now: Phoenix against Gate−0.086%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.356%+$36 on $10k
+Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.086%, 7d avg −0.018%
=Funding pays, the price is against you. Phoenix is 0.068% cheaper against Gate than usual: you would sell low and buy high (spread −0.086% now, against its 7-day average of −0.018%). If the spread goes back, that is −$7 on $10k: about 16 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.356% in total) that is about 32 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate BABA_USDT | 116.74 | 0 | get 0.0000% / 8h | 7h 15m | $1.4M | $1.6M | 50x |
| Short | Phoenix BABA | 116.64 | 0.0343 | get 0.0043% / 1h | 15m 30s | $65K | $133K | 10x |
Gate BABA_USDT
Phoenix BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Gate. 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
- $72.13
- Price spread: −0.086% → −0.018%
- −$6.8
- Slippage, 4 orders
- −$34
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $9.33
- Costs to cover
- 0.560%
- Break-even
- 6.1 days
Slippage from Gate: live order book, 2 min ago; Phoenix: live order book, 50 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 Gate live order book, 2 min ago | 3.00 bp | 18.2 bp −$18 | 174.7 bp −$1,747 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 50 min ago | 2.58 bp | 10.5 bp −$10 | 21.8 bp −$218 | 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 | 116.66 | −0.068% | $76K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.76 | +0.017% | $2.2M | $582K | 25x | as long as short |
| Gate BABA_USDTlong | 0.0000% | 8h | 116.74 | long leg | $1.4M | $1.6M | 50x | |
| Bitget BABAUSDT | 0.0000% | 8h | 116.76 | +0.017% | $2.5M | $1.3M | 20x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 116.70 | −0.039% | $3K | $233K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.70 | −0.034% | $529 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.65 | −0.077% | $37K | $2K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 116.85 | +0.094% | $386K | $50K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.70 | −0.034% | $425K | $511K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.771% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Bitget BABAUSDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.72 | −0.017% | — | $18K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 116.67 | −0.060% | $12.1M | $2.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.63 | −0.094% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.62 | −0.103% | $234K | $352K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.71 | −0.026% | $1.2M | $5.1M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.66 | −0.069% | $605K | $543K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.71 | −0.026% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0134% | 8h | 116.72 | −0.015% | $302K | $619K | — | as long as short |
| Extended BABA_24_5-USD | +0.0192% | 1h | 116.71 | −0.022% | $42K | $360K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 116.72 | −0.017% | $15.4M | $22.0M | 20x | as long as short |
| Phoenix BABAshort | +0.0343% | 1h | 116.64 | −0.086% | $65K | $133K | 10x | |
| Arcus BABA-USD | +0.0626% | 1h | 116.67 | −0.060% | $75K | $100K | 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
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Arcus BABA-USD