Funding you earn now, next payment 23:00 UTC+0.0017%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.024%
Price spread now: tradeXYZ against Injective+0.060%54s7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.060% dearer against Injective than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). 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 | Injective BABA/USDC PERP | 115.84 | 0.0033 | pay 0.0004% / 1h | 46m 15s | $11K | $26K | 12x |
| Short | tradeXYZ xyz:BABA | 115.91 | 0.0050 | get 0.0006% / 1h | 46m 15s | $12.1M | $3.0M | 10x |
Injective BABA/USDC PERP
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ against Injective. 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
- $3.5
- Price spread: +0.060% → 0.000%
- $6.04
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$8.48
- Costs to cover
- 0.180%
- Break-even
- 24.0 days
Slippage unknown: Injective: no order-book sample; tradeXYZ: live order book, 3 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell tradeXYZ live order book, 3 min ago | 0.43 bp | 13.2 bp −$13 | 23.2 bp −$232 | doesn't fit | doesn't fit |
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 | 116.00 | +0.138% | $75K | $27K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 115.99 | +0.129% | $2.2M | $614K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 115.97 | +0.112% | $1.4M | $1.7M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 115.95 | +0.095% | $2.5M | $1.3M | 20x | as long as short |
| Variational Omni BABA | 0.0000% | 8h | 115.96 | +0.099% | $300K | $620K | — | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 115.97 | +0.112% | $3K | $261K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 115.98 | +0.121% | $942 | $4.2M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 116.01 | +0.147% | $37K | $2K | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0008% | 1h | 115.96 | +0.104% | $42K | $383K | 10x | as long as short |
| Binance BABAUSDT | +0.0010% | 8h | 115.98 | +0.121% | $15.3M | $21.1M | 20x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
Variational Omni BABA
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Extended BABA_24_5-USD
Binance BABAUSDTShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BABA | +0.0032% | 1h | 116.07 | +0.199% | $384K | $49K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 115.89 | +0.043% | $445K | $590K | 10x | as long as short |
| Injective BABA/USDC PERPlong | +0.0033% | 1h | 115.84 | long leg | $11K | $26K | 12x | |
| QFEX BABA-USD | +0.0035% | 1h | 115.95 | +0.095% | $1.2M | $5.1M | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 115.89 | +0.043% | — | $9K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 115.91 | +0.060% | $12.1M | $3.0M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 115.85 | +0.009% | $10K | $263K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 115.89 | +0.043% | $249K | $336K | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 115.89 | +0.043% | $601K | $653K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 115.94 | +0.086% | $2K | $1K | 10x | as long as short |
| Phoenix BABA | +0.0276% | 1h | 115.93 | +0.078% | $79K | $129K | 10x | as long as short |
| Arcus BABA-USD | +0.0462% | 1h | 115.95 | +0.095% | $79K | $93K | 10x | as long as short |
Lighter BABA
Lighter RH BABA
QFEX BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Phoenix BABA
Arcus BABA-USD