Funding you earn now, next payment 09:00 UTC−0.0105%/8h= −11.5% APRpaid last 24h +0.113%
Price spread now: Arcus against GRVT−0.062%54s7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$490.487% of the position
Funding, last 4 days (all we have)+0.193%+$19 on $10k
+Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.062%, 7d avg −0.033%
=Together, before fees+0.283%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Arcus is 0.029% cheaper against GRVT than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.033%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.193%, so the current rate has only just turned against you. The two prices were read 54 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 | GRVT BABA_USDT_Perp | 117.22 | 0.0145 | pay 0.0145% / 8h | 7h 18m | $3K | $182K | 10x |
| Short | Arcus BABA-USD | 117.15 | 0.0040 | get 0.0005% / 1h | 18m 03s | $70K | $136K | 10x |
GRVT BABA_USDT_Perp
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against GRVT. 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
- −$21.99
- Price spread: −0.062% → −0.033%
- −$2.86
- Slippage, 4 orders
- −$35.21
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$73.57
- Costs to cover
- 0.487%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 14 min ago; Arcus: live order book, 6 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 GRVT live order book, 14 min ago | 2.56 bp | 20.3 bp −$20 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 6 min ago | 2.99 bp | 6.1 bp −$6 | 8.1 bp −$81 | 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 | 117.09 | −0.112% | $68K | $41K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 117.22 | −0.002% | $2.1M | $723K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 117.27 | +0.041% | $1.5M | $1.9M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 117.23 | +0.007% | $2.3M | $1.9M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 117.26 | +0.032% | $860 | $2.7M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 117.29 | +0.058% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 117.28 | +0.049% | $373K | $71K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 117.18 | −0.036% | $436K | $494K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.179% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 117.15 | −0.062% | $70K | $136K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
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 | 117.13 | −0.079% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 117.06 | −0.138% | $8K | $280K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 117.11 | −0.096% | $231K | $411K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 117.21 | −0.010% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 117.04 | −0.155% | $612K | $426K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 117.26 | +0.032% | $2K | $798 | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0109% | 1h | 117.15 | −0.062% | $12.0M | $4.6M | 10x | as long as short |
| Variational Omni BABA | +0.0140% | 8h | 117.24 | +0.018% | $337K | $664K | — | as long as short |
| GRVT BABA_USDT_Perplong | +0.0145% | 8h | 117.22 | long leg | $3K | $182K | 10x | |
| Extended BABA_24_5-USD | +0.0192% | 1h | 117.25 | +0.020% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0194% | 8h | 117.27 | +0.041% | $15.3M | $31.0M | 20x | as long as short |
| Phoenix BABA | +0.0273% | 1h | 117.15 | −0.062% | $66K | $89K | 10x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
tradeXYZ xyz:BABA
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA