Funding you earn now, next payment 01:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h +0.010%
Price spread now: tradeXYZ against GRVT−0.124%66s7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as 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−$580.577% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.124%, 7d avg −0.119%
=Together, before fees+0.173%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.119%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BABA_USDT_Perp | 116.43 | 0.0333 | pay 0.0333% / 8h | 7h 52m | $2K | $245K | 10x |
| Short | tradeXYZ xyz:BABA | 116.29 | 0.0050 | get 0.0006% / 1h | 52m 24s | $12.1M | $3.0M | 10x |
GRVT BABA_USDT_Perp
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$59.43
- Price spread: −0.124% → −0.119%
- −$0.5
- Slippage, 4 orders
- −$30.67
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$117.6
- Costs to cover
- 0.577%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 20 min ago; tradeXYZ: 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, 20 min ago | 2.58 bp | 13.5 bp −$13 | 24.6 bp −$246 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 6 min ago | 0.86 bp | 15.6 bp −$16 | doesn't fit | 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 | 116.38 | −0.043% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 116.38 | −0.047% | $2.2M | $583K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 116.43 | −0.004% | $1.4M | $1.6M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 116.42 | −0.013% | $2.5M | $1.3M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 116.41 | −0.021% | $781 | $4.1M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.47 | +0.030% | $37K | $2K | 20x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 116.37 | −0.056% | $444K | $479K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −0.511% | $11K | $26K | 12x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 116.32 | −0.098% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 116.29 | −0.124% | $12.1M | $3.0M | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter RH BABA
Injective BABA/USDC PERP
Vest BABA-USD-PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps BABA-USD | +0.0050% | 1h | 116.34 | −0.081% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 116.17 | −0.227% | $243K | $339K | 10x | as long as short |
| QFEX BABA-USD | +0.0072% | 1h | 116.41 | −0.021% | $1.2M | $5.2M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 116.37 | −0.056% | $604K | $564K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 116.45 | +0.013% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0141% | 8h | 116.48 | +0.043% | $301K | $619K | — | as long as short |
| Binance BABAUSDT | +0.0214% | 8h | 116.43 | −0.004% | $15.4M | $21.6M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0216% | 1h | 116.40 | −0.033% | $43K | $389K | 10x | as long as short |
| Lighter BABA | +0.0312% | 1h | 116.53 | +0.082% | $385K | $49K | 10x | as long as short |
| GRVT BABA_USDT_Perplong | +0.0333% | 8h | 116.43 | long leg | $2K | $245K | 10x | |
| Phoenix BABA | +0.0343% | 1h | 116.38 | −0.047% | $65K | $133K | 10x | as long as short |
| Arcus BABA-USD | +0.0626% | 1h | 116.43 | −0.004% | $75K | $101K | 10x | as long as short |
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Lighter BABA
Phoenix BABA
Arcus BABA-USD