Funding you earn now, next payment 11:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.010%
Price spread now: tradeXYZ against KuCoin+0.017%7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs−$172as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1681.682% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.017%, 7d avg −0.007%
=Together, before fees−0.097%+ Points / potential airdroptradeXYZ: Active · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. tradeXYZ is 0.023% dearer against KuCoin than usual: you sell high and buy low (spread +0.017% now, against its 7-day average of −0.007%): +$2 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.039% in total) that is about 4.2 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin BABAUSDTM | 119.60 | 0.0100 | pay 0.0100% / 8h | 5h 44m | $624K | $523K | 20x |
| Short | tradeXYZ xyz:BABA | 119.62 | 0.0050 | get 0.0006% / 1h | 44m 38s | $12.0M | $4.9M | 10x |
KuCoin BABAUSDTM
tradeXYZ xyz:BABAFunding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$10.5
- Price spread: +0.017% → −0.007%
- $2.34
- Slippage, 4 orders
- −$138.22
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$176.39
- Costs to cover
- 1.682%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 61 min ago; tradeXYZ: live order book, 7 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 KuCoin live order book, 61 min ago | 20.20 bp | 74.8 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 7 min ago | 0.83 bp | 12.2 bp −$12 | 15.0 bp −$150 | doesn't fit | doesn't fit |
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 | 119.63 | +0.024% | $70K | $40K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 119.63 | +0.025% | $2.2M | $708K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 119.59 | −0.008% | $1.5M | $2.0M | 50x | as long as short |
| Bitget BABAUSDT | 0.0000% | 8h | 119.59 | −0.008% | $2.3M | $2.2M | 20x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 119.58 | −0.017% | $673 | $2.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 119.87 | +0.226% | $30K | $19K | 20x | as long as short |
| QFEX BABA-USD | +0.0029% | 1h | 119.55 | −0.042% | $1.2M | $2.9M | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 119.72 | +0.100% | $383K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 119.59 | −0.008% | $435K | $509K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −3.144% | $11K | $26K | 12x | as long as short |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
Bitget BABAUSDT
SunX BABA-USDT
HTX BABA-USDT
QFEX BABA-USD
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BABA-USD | +0.0040% | 1h | 119.53 | −0.059% | $71K | $134K | 10x | as long as short |
| Vest BABA-USD-PERP | +0.0046% | 1h | 119.73 | +0.109% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABAshort | +0.0050% | 1h | 119.62 | +0.017% | $12.0M | $4.9M | 10x | |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 119.58 | −0.017% | $8K | $177K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 119.41 | −0.159% | $212K | $445K | 10x | as long as short |
| KuCoin BABAUSDTMlong | +0.0100% | 8h | 119.60 | long leg | $624K | $523K | 20x | |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 119.65 | +0.042% | $2K | $798 | 10x | as long as short |
| GRVT BABA_USDT_Perp | +0.0197% | 8h | 119.65 | +0.043% | $3K | $182K | 10x | as long as short |
| Variational Omni BABA | +0.0207% | 8h | 119.54 | −0.051% | $374K | $672K | — | as long as short |
| Binance BABAUSDT | +0.0247% | 8h | 119.60 | 0.000% | $15.1M | $33.8M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0248% | 1h | 119.56 | −0.033% | $44K | $315K | 10x | as long as short |
| Phoenix BABA | +0.0267% | 1h | 119.69 | +0.075% | $67K | $109K | 10x | as long as short |
Arcus BABA-USD
Vest BABA-USD-PERP
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
Orderly PERP_BABA_USDC_mythos
GRVT BABA_USDT_Perp
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA