Funding you earn now, next payment 05:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.126%
Price spread now: Arcus against Ondo Perps+0.025%7-day average +0.095% · 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)+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)+0.050%+$5 · spread now +0.025%, 7d avg +0.095%
=Together, before fees+0.195%+ Points / potential airdropOndo Perps: Active · farm board+$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Arcus is 0.070% cheaper against Ondo Perps than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.095%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.146%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps BABA-USD.P | 118.14 | 0.0050 | pay 0.0006% / 1h | 53m 24s | $238K | $405K | 10x |
| Short | Arcus BABA-USD | 118.17 | 0.0040 | get 0.0005% / 1h | 53m 24s | $72K | $109K | 10x |
Ondo Perps BABA-USD.P
Arcus BABA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Ondo Perps. 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
- −$2.13
- Price spread: +0.025% → +0.095%
- −$6.97
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$18.59
- Costs to cover
- 0.095%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Arcus: live order book, 55 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Arcus live order book, 55 min ago | 4.63 bp | 10.7 bp −$11 | 13.1 bp −$131 | doesn't fit | doesn't fit |
Ondo Perps: 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 | 118.20 | +0.048% | $70K | $35K | 20x | as long as short |
| Bybit BABAUSDT | 0.0000% | 8h | 118.14 | 0.000% | $2.1M | $698K | 25x | as long as short |
| Gate BABA_USDT | 0.0000% | 8h | 118.19 | +0.042% | $1.5M | $1.9M | 50x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.20 | +0.051% | $745 | $3.4M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.22 | +0.068% | $30K | $18K | 20x | as long as short |
| GRVT BABA_USDT_Perp | +0.0007% | 8h | 118.32 | +0.152% | $3K | $193K | 10x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.21 | +0.059% | $376K | $73K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.16 | +0.017% | $437K | $507K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −1.947% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USDshort | +0.0040% | 1h | 118.17 | +0.025% | $72K | $109K | 10x |
Aster BABAUSDT
Bybit BABAUSDT
Gate BABA_USDT
SunX BABA-USDT
HTX BABA-USDT
GRVT BABA_USDT_Perp
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERPShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.18 | +0.034% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.07 | −0.059% | $11.9M | $4.2M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.13 | −0.008% | $9K | $266K | 10x | as long as short |
| Ondo Perps BABA-USD.Plong | +0.0050% | 1h | 118.14 | long leg | $238K | $405K | 10x | |
| QFEX BABA-USD | +0.0056% | 1h | 118.11 | −0.025% | $1.2M | $4.0M | 10x | as long as short |
| Variational Omni BABA | +0.0061% | 8h | 118.15 | +0.012% | $266K | $658K | — | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.12 | −0.017% | $614K | $465K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.18 | +0.034% | $2K | $798 | 10x | as long as short |
| Extended BABA_24_5-USD | +0.0128% | 1h | 118.16 | +0.016% | $44K | $355K | 10x | as long as short |
| Binance BABAUSDT | +0.0131% | 8h | 118.19 | +0.041% | $15.6M | $30.5M | 20x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.09 | −0.042% | $66K | $90K | 10x | as long as short |
| Bitget BABAUSDT | +0.0413% | 8h | 118.17 | +0.025% | $2.4M | $1.7M | 20x | as long as short |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
QFEX BABA-USD
Variational Omni BABA
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Extended BABA_24_5-USD
Binance BABAUSDT
Phoenix BABA
Bitget BABAUSDT