Funding you earn now, next payment 10:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against KuCoin−3.038%100s7-day average — · you buy dearer than you sell
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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.038% cheaper against KuCoin than usual: you would sell low and buy high (−$304 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 100 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 | KuCoin BABAUSDTM | 119.47 | 0.0100 | pay 0.0100% / 8h | 6h 05m | $623K | $502K | 20x |
| Short | Injective BABA/USDC PERP | 115.84 | 0.0033 | get 0.0004% / 1h | 5m 35s | $11K | $26K | 12x |
KuCoin BABAUSDTM
Injective BABA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against KuCoin. 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
- −$14
- Price spread: −3.038% → 0.000%
- −$303.84
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$329.86
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 40 min ago; Injective: no order-book sample. 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 KuCoin live order book, 40 min ago | 20.20 bp | 74.8 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 exchanges
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 | 119.50 | +0.025% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.61 | +0.117% | $2.2M | $718K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.59 | +0.100% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.61 | +0.117% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.58 | +0.092% | $605 | $2.6M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.35 | −0.100% | $30K | $19K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.68 | +0.176% | $383K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.55 | +0.067% | $435K | $517K | 10x | as long as short |
| Injective BABA/USDC PERPshort | +0.0033% | 1h | 115.84 | −3.038% | $11K | $26K | 12x | |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.69 | +0.184% | — | $19K | 10x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Vest BABA-USD-PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:BABA | +0.0050% | 1h | 119.52 | +0.042% | $12.0M | $4.9M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.50 | +0.025% | $8K | $178K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.46 | −0.008% | $220K | $441K | 10x | as long as short |
| QFEX BABA-USD | +0.0080% | 1h | 119.58 | +0.092% | $1.2M | $2.9M | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 119.47 | long leg | $623K | $502K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.48 | +0.008% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0234% | 8h | 119.39 | −0.064% | $364K | $662K | — | as long as short |
| Extended BABA_24_5-USD | +0.0264% | 1h | 119.54 | +0.060% | $47K | $312K | 10x | as long as short |
| Binance BABAUSDT | +0.0265% | 8h | 119.58 | +0.091% | $15.2M | $33.6M | 20x | as long as short |
| Phoenix BABA | +0.0271% | 1h | 119.38 | −0.075% | $67K | $88K | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0320% | 8h | 119.49 | +0.017% | $3K | $182K | 10x | as long as short |
| Arcus BABA-USD | +0.0335% | 1h | 119.51 | +0.033% | $71K | $135K | 10x | as long as short |
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
GRVT BABA_USDT_Perp
Arcus BABA-USD