Funding you earn now, next payment 08:00 UTC+0.0137%/8h= +15.0% APRnext payment +$1.37 per $10,000 · paid last 24h +0.033%
Price spread now: Binance against GRVT−0.030%89s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$330.332% of the position
Funding, last 7 days+0.073%+$7 on $10k
+Price spread, last 4 days (all we have)+0.253%+$25 · spread now −0.030%, 7d avg −0.009%
=Together, before fees+0.326%+ Points / potential airdropGRVT: Active · farm board+$33 on $10k · with fees, hour by hour
Funding pays, the price is against you. Binance is 0.022% cheaper against GRVT than usual: you would sell low and buy high (spread −0.030% now, against its 7-day average of −0.009%). If the spread goes back, that is −$2 on $10k: about 13 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.073% in total) that is about 2.1 days. The two prices were read 89 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 | 118.37 | 0 | get 0.0000% / 8h | 3h 58m | $3K | $193K | 10x |
| Short | Binance BABAUSDT | 118.33 | 0.0137 | get 0.0137% / 8h | 3h 58m | $15.6M | $30.4M | 20x |
GRVT BABA_USDT_Perp
Binance BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $28.75
- Price spread: −0.030% → −0.009%
- −$2.19
- Slippage, 4 orders
- −$14.16
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$6.59
- Costs to cover
- 0.332%
- Break-even
- 8.6 days
Slippage from GRVT: live order book, 59 min ago; Binance: live order book, 13 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, 59 min ago | 2.93 bp | 10.5 bp −$11 | 22.9 bp −$229 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.42 bp | 7.3 bp −$7 | 22.7 bp −$227 | 35.3 bp −$3,528 | 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 | 118.24 | −0.105% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.32 | −0.039% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.32 | −0.039% | $1.5M | $1.9M | 50x | as long as short |
| GRVT BABA_USDT_Perplong | 0.0000% | 8h | 118.37 | long leg | $3K | $193K | 10x | |
| SunX BABA-USDT | 0.0000% | 8h | 118.34 | −0.022% | $869 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.49 | +0.105% | $30K | $18K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.39 | +0.020% | $377K | $73K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.134% | $11K | $26K | 12x | as long as short |
| Lighter RH BABA | +0.0040% | 1h | 118.32 | −0.039% | $438K | $507K | 10x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.29 | −0.064% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Injective BABA/USDC PERP
Lighter RH BABA
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 | 118.35 | −0.014% | — | $19K | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.28 | −0.073% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.28 | −0.073% | $238K | $406K | 10x | as long as short |
| QFEX BABA-USD | +0.0056% | 1h | 118.35 | −0.014% | $1.2M | $4.1M | 10x | as long as short |
| Variational Omni BABA | +0.0058% | 8h | 118.29 | −0.061% | $266K | $658K | — | as long as short |
| tradeXYZ xyz:BABA | +0.0084% | 1h | 118.22 | −0.123% | $11.9M | $4.2M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.24 | −0.106% | $616K | $468K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.33 | −0.030% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0136% | 1h | 118.31 | −0.050% | $44K | $355K | 10x | as long as short |
| Binance BABAUSDTshort | +0.0137% | 8h | 118.33 | −0.030% | $15.6M | $30.4M | 20x | |
| Phoenix BABA | +0.0201% | 1h | 118.32 | −0.039% | $66K | $89K | 10x | as long as short |
| Bitget BABAUSDT | +0.0455% | 8h | 118.31 | −0.047% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Variational Omni BABA
tradeXYZ xyz:BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Phoenix BABA
Bitget BABAUSDT